Economics • Indian EconomyEasy
What is the core objective of the 'Atmanirbhar Bharat Abhiyan' economic stimulus package?
A. To make the country self-reliant by fostering domestic manufacturing, building resilient supply chains, and empowering local industries✓ Correct Answer
B. To completely restrict foreign direct investment across all sectors
C. To mandate cent percent export orientation for all manufacturing units
D. To replace indirect tax structures with universal basic income transfers
💡 Solution & Explanation
The Atmanirbhar Bharat Abhiyan initiative was launched to build a self-reliant economy by strengthening domestic manufacturing capacities, reducing import dependence, and fostering competitive local industries. It does not entail a total ban on foreign investments or export restrictions.
More Economics Indian Economy questions
- Which of the following taxes is levied by the Union Government but collected and appropriated by the State…
- Which of the following defines 'Primary Deficit' in government budgetary transactions?
- In the context of Indian public finance, what does the 'Fiscal Responsibility and Budget Management (FRBM)…
- Which of the following bodies is responsible for calculating the Index of Industrial Production (IIP) in…
- What is the main objective of the 'PM-KISAN' (Pradhan Mantri Kisan Samman Nidhi) scheme?