Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2014 Mains or browse the complete PYQ collection.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
More Economy questions
From across UPSC, JKPSC, and JKSSB papers — same subject, different years.
The 2030 agenda for sustainable development provides a global blueprint and stimulates action in the following areas:
Explain the rationale behind the Goods and Services Tax (Compensation to States) Act of 2017. How has COVID-19 impacted the GST compensat...
The Public Financial Management System (PFMS) Was earlier known as
P and Q are two partners sharing profit and losses in 3:2 ratio. They admit Y as a new partner with 1/5th share.What will be the new prof...
Among the given methods, which approach is used to measure national income by summing up the flow of factor incomes received by labor, ca...