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TNPSC Group-I 2021 · Question 73 of 148

According to Nobel Laureate Abhijit Banerjee (Economist), what is the only solution to overcome the economic pain in the short run in the wake of the Covid-induced economic crisis?

Economy - Covid Response

  1. APutting more money in the hands of big corporates
  2. BGiving more tax cuts for big corporates
  3. CPutting more money in the hands of poorCorrect
  4. DGiving more tax cuts to the poor

Answer: C. Putting more money in the hands of poor

Explanation

Abhijit Banerjee advocated putting money directly in the hands of the poor to revive demand during the Covid crisis.

Source: TNPSC Group-I Prelims (held 3 Jan 2021) - official paper via examrace.com

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