Supply-side Economics
Supply-side Economics is a Economy concept from the MPSC syllabus, tested in 2 past MPSC questions (2022, 2023). Below are those real questions with their correct answers and explanations, plus the concepts worth being comfortable with first.
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जुलै 1991 पासून अर्थव्यवस्थेतील पुरवठा बाजू सुधारण्यासाठी व्यापक उदारीकरणाचे उपाय लागू केले जात आहेत. यातील अधिक महत्त्वाचे आहेत : Since July 1991, comprehensive liberalization measures have been undertaken to improve the supply side of the economy. Among these the more important are :
(a)अ. व्यापार आणि भांडवल प्रवाह सुधारणा / a. Trade and capital flows reforms
(b)ब. औद्योगिक विनियंत्रण / b. Industrial deregulation
(c)क. निर्गुंतवणूक आणि सार्वजनिक उद्योग सुधारणा / c. Disinvestment and Public Enterprises Reforms
(d)ड. वित्तीय क्षेत्र सुधारणा / d. Financial sector reforms
The 1991 economic reforms introduced structural and stabilization measures including trade and capital flows reforms, industrial deregulation, disinvestment, public enterprise reforms, and financial sector reforms to boost the supply side.
भारतातील भाववाढीत पुरवठा बाजूच्या घटकांचे प्राबल्य असल्याने खालील दीर्घकालीन धोरण उपयुक्त ठरू शकते. (a) बदलती उत्पादन रचना (b) नियोजित आयात धोरण (c) वाहतुकीवर भर (d) नाशवंत वस्तुसाठी साठवण सुविधा वरीलपैकी कोणता पर्याय बरोबर आहे ते ? Given the importance of supply side factors in determination of inflation in India, following long-term policies are likely to help. (a) Changing production patterns (b) Calibrated import policy (c) Focus on transportation (d) Storage infrastructure for perishable commodities Which of the above options is/are correct ?
(a)बदलती उत्पादन रचना / Changing production patterns
(b)नियोजित आयात धोरण / Calibrated import policy
(c)वाहतुकीवर भर / Focus on transportation
(d)नाशवंत वस्तुसाठी साठवण सुविधा / Storage infrastructure for perishable commodities
To combat supply-side inflation in India, long-term structural measures like changing production patterns, calibrated import policies, improving transportation, and building storage infrastructure are all essential.