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Direction: Read the below case and answer the questions that follow:
The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.
Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.
Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).
Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.
The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.
___________ means material well-being of the people.
- a)Externality
- b)Welfare
- c)Economy
- d)None of the above
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Direction: Read the below case and answer the questions that follow:T...
Welfare means material wellbeing of the people as it is the state of having enough housing, clothing, food, and possessions, etc. to live comfortably.
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Direction: Read the below case and answer the questions that follow:T...
Understanding Material Well-Being
Material well-being refers to the economic condition and overall quality of life of individuals within a society. It encompasses the availability of resources, access to basic needs, and the general prosperity of the population.
Why Option 'B' (Welfare) is Correct
- Definition of Welfare: Welfare specifically pertains to the well-being and prosperity of individuals and communities. It includes factors such as income, health, education, and access to resources that enhance the quality of life.
- Context of the Case: In the context of the budgetary allocation for the environment ministry, the emphasis on controlling pollution and promoting cleaner air directly impacts the welfare of citizens. Cleaner environments lead to better health outcomes, improved living conditions, and overall enhanced quality of life.
- Contrast with Other Options:
- Externality: This term refers to the unintended side effects of economic activities on third parties. While related to welfare, it does not directly define material well-being.
- Economy: This term describes the system of production, distribution, and consumption of goods and services but does not specifically denote the well-being of individuals.
- None of the Above: This option is incorrect because welfare accurately captures the essence of material well-being.
Conclusion
In summary, welfare is the most appropriate term that encapsulates the concept of material well-being, especially in the context of governmental policies aimed at improving the living conditions of the populace.
Material well-being refers to the economic condition and overall quality of life of individuals within a society. It encompasses the availability of resources, access to basic needs, and the general prosperity of the population.
Why Option 'B' (Welfare) is Correct
- Definition of Welfare: Welfare specifically pertains to the well-being and prosperity of individuals and communities. It includes factors such as income, health, education, and access to resources that enhance the quality of life.
- Context of the Case: In the context of the budgetary allocation for the environment ministry, the emphasis on controlling pollution and promoting cleaner air directly impacts the welfare of citizens. Cleaner environments lead to better health outcomes, improved living conditions, and overall enhanced quality of life.
- Contrast with Other Options:
- Externality: This term refers to the unintended side effects of economic activities on third parties. While related to welfare, it does not directly define material well-being.
- Economy: This term describes the system of production, distribution, and consumption of goods and services but does not specifically denote the well-being of individuals.
- None of the Above: This option is incorrect because welfare accurately captures the essence of material well-being.
Conclusion
In summary, welfare is the most appropriate term that encapsulates the concept of material well-being, especially in the context of governmental policies aimed at improving the living conditions of the populace.
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Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?
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Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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Here you can find the meaning of Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Direction: Read the below case and answer the questions that follow:The Centre on Saturday increased the budgetary allocation for the environment ministry from last fiscal by nearly five percent for 2020-21 with no change in the amount allotted to pollution abatement and climate change action plan.Union Finance Minister, Nirmala Sitharaman, allocated ₹ 3,100 crore for the ministry out of which ₹ 460 crore were allotted to control pollution, which is the same as the money it received in the last budget.Control of pollution has been conceptualized to provide financial assistance to Pollution Control Boards/Committees and funding to National Clean Air Programme (NCAP).Similarly, budget for pollution abatement, which was cut by 50 percent last year from 2018-19, remained unchanged at ₹ 10 crore.The minister also announced that states, which are formulating and implementing plans for ensuring cleaner air in cities above one million population should be encouraged.___________ means material well-being of the people. a)Externalityb)Welfarec)Economyd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Commerce tests.
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