Question : Externalities refer to:

Option 1: Costs or benefits that spill over to third parties not directly involved in a transaction
  

Option 2: Costs or benefits incurred by the government
 

Option 3: Costs or benefits incurred by businesses only

Option 4: Costs or benefits incurred by consumers only

Question : The Mandal Commission report led to a significant political realignment in India, characterized by the rise of which of the following? 

Option 1: Left-wing parties  
 

Option 2: Regional parties  
 

Option 3: Nationalist parties  

Option 4: Centrist parties  

Question : Inclusive growth refers to:

Option 1: Economic growth that benefits only a few individuals or groups
  

Option 2: Economic growth that benefits all individuals or groups
    

Option 3: Economic growth that benefits the government

Option 4: Economic growth that benefits foreign investors

Question : Inclusive growth refers to:

Option 1: Economic growth that benefits only a few individuals or groups
 

Option 2: Economic growth that benefits all individuals or groups
 

Option 3: Economic growth that benefits the government

Option 4: Economic growth that benefits foreign investors

Question : The concept of marginal social cost refers to:

Option 1: The cost incurred by an individual or firm in producing an additional unit of a good or service
 

Option 2: The cost incurred by society as a whole in producing an additional unit of a good or service
 

Option 3: The cost incurred by the government in producing an additional unit of a good or service

Option 4: The cost incurred by consumers in producing an additional unit of a good or service