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What is the main theme of the 2021-22 Economic Survey?
What is the main theme of the 2021-22 Economic Survey?
- The impact of climate change on the economy
- The effects of geo-politics on supply chains
- The art and science of policy-making under extreme uncertainty (correct)
- The role of technology in shaping consumer behaviour
What has been the traditional approach to policy-making in India and the world?
What has been the traditional approach to policy-making in India and the world?
- A pre-determined 'Waterfall' approach to policy-making (correct)
- A data-driven approach to policy-making
- A flexible and adaptable approach to policy-making
- A collaborative approach to policy-making involving various stakeholders
What did economist Friedrich Hayek refer to as 'The Pretence of Knowledge'?
What did economist Friedrich Hayek refer to as 'The Pretence of Knowledge'?
- The reliance on detailed plans and regulations in economics
- The impact of random shocks on the economy
- The concept of extreme uncertainty in policy-making
- The idea that economic models can predict the future with certainty (correct)
What is a major challenge in forecasting the impact of individual factors affecting the economy?
What is a major challenge in forecasting the impact of individual factors affecting the economy?
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What is the core principle of the 'Agile' approach to economic policy-making?
What is the core principle of the 'Agile' approach to economic policy-making?
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What is the main issue with the traditional approach to policy-making in the face of uncertainty?
What is the main issue with the traditional approach to policy-making in the face of uncertainty?
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What enables the Agile framework to be particularly relevant today?
What enables the Agile framework to be particularly relevant today?
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What is the main goal of the combination of policies in the Agile framework?
What is the main goal of the combination of policies in the Agile framework?
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When was the first Economic Survey published?
When was the first Economic Survey published?
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What is the significance of the Economic Survey shifting to a single volume format?
What is the significance of the Economic Survey shifting to a single volume format?
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