Question : Which of the following is an example of an automatic stabilizer?
Option 1: Unemployment benefits
Option 2: Defense spending
Option 3: Education spending
Option 4: Social security spending
Correct Answer: Unemployment benefits
Solution : The correct answer is (a). Unemployment benefits
unemployment benefits are an example of an automatic stabilizer. Automatic stabilizers are government policies or programs that are designed to automatically stabilize the economy during periods of economic downturns or recessions.
Unemployment benefits provide financial assistance to individuals who have lost their jobs and are actively seeking employment. During economic downturns, when unemployment rates tend to rise, the number of individuals eligible for and receiving unemployment benefits increases. These benefits act as an automatic stabilizer because they help support individuals and families during times of economic hardship, thereby providing a stimulus to the economy.
Unemployment benefits help stabilize the economy by providing income to unemployed individuals, which can be used to meet their basic needs and maintain their consumption levels. This, in turn, helps to mitigate the negative impact of recessions on aggregate demand and can contribute to stabilizing the overall economy.
Question : Which of the following is an example of a transfer payment in a government budget?
Option 1: Military spending
Option 2: Education spending
Option 3: Social security benefits
Option 4: Infrastructure spending
Question : Which of these statements is true? 1:In India, a large portion of total education spending goes toward elementary education. 2: Young people with higher education have the greatest unemployment rates.
Option 1: Only A
Option 2: Only B
Option 3: Both of the above
Option 4: None of the above
Question : Which of the following infrastructure is associated with education, health and housing?
Option 1: Economic infrastructure
Option 2: Social infrastructure
Option 3: Both A and B
Option 4: Neither A and B.
Question : Which of the following claims concerning the cost of education is true?
Option 1: In India, the majority of total educational spending is spent at the elementary level.
Option 2: In India, tertiary education accounts for the majority of all educational spending.
Option 3: In India, secondary schooling accounts for the majority of all educational spending.
Option 4: The majority of India's total educational spending is spent at higher levels.
Question : During the Gupta period, which of the following was a major center for learning and education?
Option 1: Varanasi
Option 2: Ujjain
Option 3: Nalanda
Option 4: Pataliputra
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