The 'Grama Panchayat' (Village Council) in Kerala plays a crucial role in grassroots financial empowerment by:

Challenger App

★

1M+ Downloads

AManaging foreign exchange reserves

BOperating large-scale manufacturing industries

CSetting national interest rates

DImplementing decentralized planning and resource allocation

Answer:

Kerala's unique model of democratic decentralization empowers local self-governments to plan and implement projects.
This brings financial decisions and resource management closer to the people, promoting a bottom-up approach to development.

Related Questions:

What are the economic and social implications of an ageing population in Kerala?

A declining birth rate may lead to a shortage of young workers, potentially impacting productivity and economic growth.
An increasing elderly population reduces the dependency ratio, alleviating pressure on social security and healthcare systems.
The state needs to adapt its economic and welfare structures to cater to the needs of its growing elderly population.
An ageing population generally leads to lower healthcare costs for the government.

Which of the following statements correctly define unemployment as per economic principles?

Unemployment is a situation where a person is capable of working physically and mentally at the existing wage rate but cannot find a job.
Unemployment only refers to individuals who are unwilling to work at the prevailing wage rate.
A person who is working part-time against their will is considered fully employed and not part of unemployment statistics.