Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2016 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.
Consider the following statements in respect of the digital rupee:It is a sovereign currency issued by the Reserve Bank of India (RBI) al...
The second largest employment provider in India is
Which among the following is/are the objective(s) of the Rainfed Area Development (RAD) initiative under the National Mission for Sustain...
Define potential GDP and explain its determinants. What are the factors that have been inhibiting India from realizing its potential GDP?
India is a member of which constituents of the World Bank Group?1. Multilateral Investment Guarantee Agency (MIGA)
2. International Centr...