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All questions of Economic Reforms for UPSC CSE Exam
Consider the following pairs:1. Macroeconomic Stabilisation Measures: Policies aimed at increasing overall demand in the economy.2. Structural Reform Measures: Policies aimed at boosting overall supply of goods and services.3. Liberalisation: Transferring state-owned assets to the private sector.4. Globalisation: Integration of economies across nations.How many pairs given above are correctly matched?- a)Only one pair
- b)Only two pairs
- c)Only three pairs
- d)All four pairs
Correct answer is option 'C'. Can you explain this answer?
Consider the following pairs:
1. Macroeconomic Stabilisation Measures: Policies aimed at increasing overall demand in the economy.
2. Structural Reform Measures: Policies aimed at boosting overall supply of goods and services.
3. Liberalisation: Transferring state-owned assets to the private sector.
4. Globalisation: Integration of economies across nations.
How many pairs given above are correctly matched?
a)
Only one pair
b)
Only two pairs
c)
Only three pairs
d)
All four pairs
 | Capstone Ias Learning answered |
1. Macroeconomic Stabilisation Measures: Policies aimed at increasing overall demand in the economy.
- Correct. Macroeconomic stabilisation measures indeed focus on increasing overall demand through various economic policies, such as boosting purchasing power and generating employment opportunities.
2. Structural Reform Measures: Policies aimed at boosting overall supply of goods and services.
- Correct. Structural reform measures are designed to enhance the supply side of the economy by improving productivity and output, often through policy reforms that free up the market.
3. Liberalisation: Transferring state-owned assets to the private sector.
- Incorrect. Liberalisation refers to reducing state control and promoting market influence, not necessarily transferring state-owned assets to the private sector. The term for transferring state-owned assets to the private sector is privatization.
4. Globalisation: Integration of economies across nations.
- Correct. Globalisation involves the increasing integration of economies, along with political and cultural exchanges, across nations.
Based on the above analysis, three pairs are correctly matched.
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