Topic Details (Notes format)

Social Sector Schemes and Welfare Programs

Subject: Economics

Book: Comprehensive Indian Economy

India invests in social welfare to uplift marginalized groups and expand human capital. Flagship schemes focus on healthcare (Ayushman Bharat), sanitation (Swachh Bharat), nutrition (POSHAN Abhiyaan), and education (Sarva Shiksha Abhiyan). Direct Benefit Transfers reduce leakages, ensuring targeted subsidies. While these programs can drastically improve living standards, challenges remain in last-mile delivery, funding constraints, and bureaucratic complexities. For exam readiness, recognize the objectives, target beneficiaries, and implementing agencies of major welfare schemes. Also track outcomes measured by indices like HDI and MPI to assess the real impact.

Practice Questions

What does the term “elasticity of demand” measure?

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Which of the following is NOT a component of Aggregate Demand?

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What is the concept of “invisible hand” associated with?

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Which organization publishes the Human Development Index (HDI)?

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Which of the following is a characteristic of “perfect competition”?

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What is meant by “liquidity trap”?

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What does “Laissez-faire” policy advocate?

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What is “quantitative easing”?

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What is a “repo rate”?

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What does the “Phillips Curve” show?

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