Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2023 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.
Bank rate is the rate at which the RBI extends credit to the
Which among the given techniques (analytical tool) is used to craft fiscal policy?
Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India:1. NBFCs cannot accept demand deposits.
2. A...
Faster economic growth requires increased share of the manufacturing sector in GDP, particularly of MSMEs. Comment on the present policie...
Justify the need for FDI for the development of the Indian economy. Why is there a gap between MOUs signed and actual FDIs? Suggest remed...