MC23 What is the impact of corruption on the Indian economy?
A. Reduced government revenue
B. Reduced private sector investment
C. Reduced economic growth
D. All of the above
Answer:D
MC23 What is the impact of corruption on the Indian economy?
A. Reduced government revenue B. Reduced private sector investment C. Reduced economic growth D. All of the above
Explanation: Corruption can have a range of impacts on the Indian economy. When corruption is prevalent, it can reduce government revenue, as officials may be skimming money from the budget. Additionally, corruption can reduce private sector investment, as investors may be hesitant to invest in an economy where corruption is widespread. Finally, corruption can reduce economic growth, as resources may be diverted away from productive uses and towards corrupt activities.