Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2017 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.
Explain how the Fiscal Health Index (FHI) can be used as a tool for assessing the fiscal performance of states in India. In what way woul...
What does the Lorenz curve represent?
Though India allowed Foreign Direct Investment (FDI) in what is called multi-brand retail through the joint venture route in September 20...
Examine the (pattern) and trend of public expenditure on social services in the post-reforms period in India. To what extent this has bee...
Indifference curves are __________ to the origin, representing marginal substitution.