General Awareness ยท Economics
Contemporary Policy Challenges
2,288 Questions
Contemporary policy challenges questions cover economic planning issues, financial inclusion barriers, technology transfer, and inter state trade cooperation. These topics are frequently tested in UPSC civil services and state PSC mains or prelims. Practice these to understand modern governance and administrative hurdles.
Financial inclusion barriersTechnology transfer challengesUrbanization economic impactTrade regulation issues
Contemporary Policy Challenges Questions
What are the main challenges facing the global economy today?
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The COVID-19 pandemic
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The war in Ukraine
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The rising cost of living
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All of the above
D
Correct answer
Explanation
The global economy is currently facing a number of challenges, including the COVID-19 pandemic, the war in Ukraine, and the rising cost of living. The COVID-19 pandemic has caused a sharp decline in economic activity and a rise in unemployment. The war in Ukraine has led to a rise in energy and food prices. The rising cost of living is making it difficult for people to afford basic necessities.
What are the main challenges facing spectrum management today?
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The increasing demand for spectrum
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The need to manage interference between different users
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The need to ensure equitable access to the spectrum
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All of the above
D
Correct answer
Explanation
The main challenges facing spectrum management today include the increasing demand for spectrum, the need to manage interference between different users, and the need to ensure equitable access to the spectrum.
What are the major challenges faced by pet food distributors?
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Increasing competition from online retailers
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Rising costs of transportation and logistics
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Fluctuations in the prices of raw materials
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Changing consumer preferences and demands
Correct answer
Explanation
Pet food distributors face a number of challenges, including increasing competition from online retailers, rising costs of transportation and logistics, fluctuations in the prices of raw materials, and changing consumer preferences and demands.
Which of the following is NOT a challenge facing healthcare systems around the world?
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Rising healthcare costs
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Increasing demand for healthcare services
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Shortage of healthcare professionals
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Lack of access to healthcare services in rural areas
Correct answer
Explanation
Lack of access to healthcare services in urban areas is not a common challenge facing healthcare systems around the world. In fact, urban areas typically have better access to healthcare services compared to rural areas.
What are the challenges faced in the implementation of VAT?
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Complexity of the tax system
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Lack of awareness among taxpayers
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Inefficient tax administration
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All of the above
D
Correct answer
Explanation
The implementation of VAT faces challenges such as the complexity of the tax system, lack of awareness among taxpayers, and inefficient tax administration.
What is the main challenge faced by the service sector in developing countries?
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Lack of skilled labor
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High cost of capital
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Government regulations
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Lack of infrastructure
A
Correct answer
Explanation
The main challenge faced by the service sector in developing countries is the lack of skilled labor. This is because the service sector requires a highly skilled workforce, which is often lacking in developing countries.
What are some of the challenges faced by the service sector in developed countries?
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Rising costs
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Increasing competition
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Changing consumer preferences
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All of the above
D
Correct answer
Explanation
The service sector in developed countries faces a number of challenges, including rising costs, increasing competition, and changing consumer preferences.
What are some of the challenges that the service sector will face in the future?
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Automation
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Artificial intelligence
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Climate change
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All of the above
D
Correct answer
Explanation
The service sector will face a number of challenges in the future, including automation, artificial intelligence, and climate change.
What are some of the challenges facing the CPSC in its efforts to protect consumers from unsafe products?
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The increasing complexity of consumer products
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The globalization of the consumer product market
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The limited resources available to the CPSC
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All of the above
D
Correct answer
Explanation
The CPSC faces a number of challenges in its efforts to protect consumers from unsafe products, including the increasing complexity of consumer products, the globalization of the consumer product market, and the limited resources available to the CPSC.
What are some of the challenges in achieving market equilibrium in healthcare?
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Information asymmetry
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Externalities
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Market power
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All of the above
D
Correct answer
Explanation
Achieving market equilibrium in healthcare can be challenging due to information asymmetry, externalities, and market power.
What are some challenges to economic cooperation in religiously diverse societies?
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Religious differences can lead to conflict and division among different religious groups.
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Religious laws and regulations can hinder economic activity and cooperation.
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Religious beliefs and values can clash with economic principles and practices.
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All of the above.
D
Correct answer
Explanation
Economic cooperation in religiously diverse societies can face several challenges. Religious differences can lead to conflict and division among different religious groups, disrupting economic activity and cooperation. Religious laws and regulations can also hinder economic activity and cooperation, particularly when they are not aligned with economic principles and practices. Additionally, religious beliefs and values can clash with economic principles and practices, creating tension and conflict between religious and economic spheres.
What are some challenges to economic cooperation in religiously diverse societies?
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Religious differences can lead to conflict and division among different religious groups.
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Religious laws and regulations can hinder economic activity and cooperation.
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Religious beliefs and values can clash with economic principles and practices.
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All of the above.
D
Correct answer
Explanation
Economic cooperation in religiously diverse societies can face several challenges. Religious differences can lead to conflict and division among different religious groups, disrupting economic activity and cooperation. Religious laws and regulations can also hinder economic activity and cooperation, particularly when they are not aligned with economic principles and practices. Additionally, religious beliefs and values can clash with economic principles and practices, creating tension and conflict between religious and economic spheres.
What are the main challenges facing Agricultural Resource Economics in the 21st century?
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Climate change
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Population growth
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Food security
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All of the above
D
Correct answer
Explanation
Climate change, population growth, and food security are major challenges facing Agricultural Resource Economics in the 21st century, requiring innovative approaches to resource allocation and sustainable agricultural practices.
Which Indian film prominently featured the struggles of a visually impaired protagonist, highlighting the challenges faced by individuals with disabilities in urban spaces?
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Black
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Taare Zameen Par
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Margarita with a Straw
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Masaan
C
Correct answer
Explanation
Margarita with a Straw is a 2014 Indian drama film that follows the story of Laila, a young woman with cerebral palsy, as she navigates the challenges of living in an inaccessible city and pursuing her dreams.
Which Indian film depicted the struggles of a young woman from a rural village who moves to the city to pursue her dreams, highlighting the challenges and opportunities of urban life?
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Piku
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Queen
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English Vinglish
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Tanu Weds Manu
B
Correct answer
Explanation
Queen is a 2013 Indian comedy-drama film that follows the story of Rani, a young woman from Delhi, who embarks on a solo honeymoon to Europe after her fiance cancels their wedding.