JAIIB Paper 1 Module A QUIZ 3

Make in India aims to promote manufacturing, investment, innovation and employment.

MSMEs contribute to production, employment, exports and local supply chains, although their exact GDP share varies by year and methodology.

Reliable infrastructure supports productivity, connectivity, trade, investment and access to services.

Economic infrastructure includes power, transport, communications and related networks that support economic activity.

Social infrastructure includes health, education, sanitation, housing and other facilities that support human development.

Better roads can connect producers to markets, reduce logistics costs and improve access to inputs and services.

Rail is efficient for many bulk and long-distance freight movements, although the best mode depends on route, cargo and delivery needs.

Aviation supports business travel, tourism and time-sensitive or high-value cargo, complementing other transport modes.

Power-sector development involves reliability, affordability, access, financial sustainability and the transition toward cleaner energy.

Health infrastructure improves access to prevention and treatment, supporting healthier and more productive populations.

Family welfare programmes are linked to reproductive and maternal health, child health and household well-being.

Globalisation increases economic connections across countries through goods, services, capital, technology and sometimes labour.

Global integration can expand export markets, improve technology access and attract investment, while also increasing competition.

Global links can transmit recessions, financial volatility and supply disruptions, and can place pressure on less competitive producers.

Fair globalisation seeks inclusive gains and appropriate policy protections for workers, communities and the environment.

A tariff is a tax on imported goods and can affect prices, trade volumes and domestic producers.

Disruptions to imported inputs, shipping or logistics can delay production and raise costs for firms connected to global supply chains.

Skills development and transition support can help workers move into expanding sectors and manage adjustment costs.

The 1991 reform period is commonly summarised as liberalisation, privatisation and globalisation, alongside macroeconomic stabilisation.

Delicensing reduced administrative entry controls in many industries, while some regulated sectors retained restrictions.