All questions of Economic Reforms for BPSC (Bihar) 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?

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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