Introduction The global economy is facing unprecedented challenges due to rapid urbanization, resource depletion, climate change, and environmental degradation. In this context, the concept of a circular economy emerges as a compelling alternative to the traditional linear model of production…

What is the primary goal of a circular economy? A) Maximize resource use B) Minimize waste and resource use C) Promote consumerism D) Increase landfill size Answer: B) Minimize waste and resource use Which of the following best defines a…

Introduction The Union Budget of India is not just a financial document; it is a reflection of the government’s priorities and policies, aimed at fostering economic growth, social welfare, and overall development. Every year, the government allocates financial resources to…

What is the primary objective of the Union Budget in India? A) To raise funds for elections B) To outline the government’s revenue and expenditure for the fiscal year C) To determine the prices of commodities D) To regulate the…

Introduction Public-Private Partnerships (PPP) have emerged as a significant mechanism for the development of infrastructure and public services in India. With the government facing challenges in financing and delivering essential services and infrastructure, PPPs offer a strategic avenue for leveraging…

1. Public-Private Partnership (PPP) refers to: a) Collaboration between government and private sector b) International agreements c) Public sector undertaking monopoly d) None of the above Answer: a) Collaboration between government and private sector 2. Which sector is most associated…

Introduction Microfinance has emerged as a powerful tool in India’s fight against poverty and financial exclusion. It involves providing financial services, such as small loans, savings accounts, and insurance, to low-income individuals who do not have access to traditional banking…

1. What is the primary goal of microfinance institutions (MFIs)? A) Promote large-scale businesses B) Provide short-term loans to wealthy individuals C) Provide financial services to low-income individuals D) Facilitate foreign direct investment Answer: C) Provide financial services to low-income…

Introduction India is a diverse nation, not only in terms of culture and language but also in terms of economic development. Regional disparities—defined as the unequal distribution of income, resources, and opportunities across different geographic regions—have long been a persistent…

  Which of the following states in India has historically had the highest per capita income? a) Uttar Pradesh b) Bihar c) Punjab d) MaharashtraAnswer: d) Maharashtra What is the major cause of regional disparities in India? a) Uneven distribution…