Previous year MCQs

Economy UPPSC 2009 GS-I
Question

Which one of the following is not a measure of reducing inequalities?

Answer & Solution

Answer: (Detailed Solution Below)

Option B: Liberalization of economy

Detailed Solution:

The correct answer is “Liberalization of economy”.
Liberalization of the economy generally refers to the reduction of state involvement in economic activities, promoting free-market principles.

While it can lead to overall economic growth, it does not specifically target reducing inequalities and can sometimes exacerbate them if the benefits are not distributed evenly.

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