New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Which of the following is/are potential benefit(s) of the Universal Basic Income (UBI)?

    1.    A motivation for the labor force to work more

    2.    Support for unpaid care workers

    3.    Eliminating the need for social security schemes and subsidies

    Select the correct answer using the code given below:

    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 3 only Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    A concern with UBI is that it would encourage workers to stop working. UBI would allow care-workers to support themselves, encouraging care work within the home and relieving pressure on public services that provide care to the sick and elderly. There exist countless governmental organisations/schemes responsible for helping those in poverty, unemployment benefits, food stamps, subsidised housing, etc.

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