WELFARE ECONOMY

Open Ended

Why is it important for a government to actively promote the well-being of all citizens, especially the poor and vulnerable sections of society?

Multiple Choice

Which of the following best describes the main purpose of a welfare economy?

• To maximize profits for businesses

• To ensure equal distribution of wealth among all citizens

• To promote the well-being of all citizens, especially the poor and vulnerable

• To reduce government intervention in the economy

Multiple Choice

What are the main aims of a welfare economy according to the text?

• Economic growth and social justice

• Economic growth and technological advancement

• Social justice and military strength

• Economic growth and international trade

Multiple Choice

Which of the following groups are considered vulnerable according to the text?

• Children

• People with disabilities

• Elderly people

• All of the above

Multiple Select

Select all the reasons why some people may be left behind in a market-based system, as mentioned in the text.

• Poverty

• Unemployment

• Illness

• Lack of opportunities

Multiple Choice

Which of the following is a key purpose of market regulation by the government?

• To maximize business profits

• To prevent exploitation

• To reduce taxes

• To increase imports

Multiple Select

Which of the following are examples of social safety net programs in India?

• Ayushman Bharat

• Public Distribution System (PDS)

• Minimum Wage Act

• Mid-Day Meal Scheme

Open Ended

Some argue welfare is too costly. Others say it ensures stability. Which view is vital for a developing nation, and why?

Open Ended

How do welfare policies contribute to improving quality of life and promoting social justice?

Multiple Choice

What is the main purpose of a welfare economy?

• To maximize profits for businesses

• To promote the well-being of all citizens, especially the poor and vulnerable

• To reduce government intervention in the economy

• To encourage competition among individuals