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 “Human Development Index” measure?

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What is “currency devaluation”?

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What does the term “national income” refer to?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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What is “open market operations” (OMO)?

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Which term refers to the decrease in the value of a currency relative to foreign currencies?

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What does the term "depreciation" refer to in the context of assets?

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What is the “law of diminishing marginal utility”?

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What is the main purpose of monetary policy?

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Which of the following is considered a public good?

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