Indian economy is in the grip of rising prices. What values are violat

1.	Indian economy is in the grip of rising prices. What values are violated here? Explain any two measures to control the situation.
Answer» Values that are violated here (i) Welfare of people specially poor & deprived (ii) Things become unaffordable Measures to control the situation (i) Rising prices can be controlled by reducing government expenditure, especially non-development expenditure such as expenditures on public administration, defence and subsidies on non-merit goods and other wasteful expenditure. (ii) Monetary policy measures such as increase in cash reserve ratio, mopping of excess liquid reserves with the banks through open market operations by the central bank so as to reduce the availability of credit and as a result rising prices can be controlled.

Indian economy is in the grip of rising prices. What values are violated here? Explain any two measures to control the situation.

Answer»

Values that are violated here

(i) Welfare of people specially poor & deprived

(ii) Things become unaffordable

Measures to control the situation

(i) Rising prices can be controlled by reducing government expenditure, especially non-development expenditure such as expenditures on public administration, defence and subsidies on non-merit goods and other wasteful expenditure.

(ii) Monetary policy measures such as increase in cash reserve ratio, mopping of excess liquid reserves with the banks through open market operations by the central bank so as to reduce the availability of credit and as a result rising prices can be controlled.

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