MC11 What is the impact of corruption on the Indian economy?
A. Reduced foreign investment
B. Reduced economic growth
C. Reduced government revenue
D. All of the above
Answer:D
MC11 What is the impact of corruption on the Indian economy?
A. Reduced foreign investment B. Reduced economic growth C. Reduced government revenue D. All of the above
Explanation: Corruption has a range of impacts on the Indian economy. When corruption is widespread, it can reduce foreign investment, as investors may be hesitant to invest in a country with a reputation for corruption. Additionally, corruption can reduce economic growth, as resources are diverted away from productive activities and towards bribes and other forms of corruption. Finally, corruption can reduce government revenue, as officials may accept bribes instead of collecting taxes.