Expected Questions – Model Answers
Important questions with concise answers for Mains preparation.
Q1. How are geopolitics and economy interconnected?
Answer:
- Geopolitical events affect energy supply routes
- Energy price changes influence inflation
- Economic stability depends on global conditions
Thus, geopolitics directly impacts economic performance.
Q2. Explain the importance of energy security.
Answer:
- Ensures uninterrupted energy supply
- Supports industrial and economic growth
- Reduces vulnerability to global shocks
Energy security is essential for sustainable development.
Q3. What are the effects of inflation on an economy?
Answer:
- Reduces purchasing power
- Increases cost of living
- Creates economic instability
High inflation negatively affects both consumers and growth.
Q4. What is trade deficit and why is it a concern?
Answer:
- Occurs when imports exceed exports
- Leads to currency depreciation
- Impacts foreign exchange reserves
Persistent trade deficit weakens economic stability.
Q5. Why is inclusive governance important?
Answer:
- Ensures representation of all groups
- Promotes equality and fairness
- Strengthens democratic systems
Inclusive governance leads to balanced and sustainable development.
Shaktimatha Learning
Answer Writing | Clarity | High Scores
Answer Writing | Clarity | High Scores
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