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Question

Which of the following suggestions to the Government about commercial lawsuits is indicated within the 2017-18 economic survey of India?

The correct answer is

Should reduce the pendeney of lawsuits

Economic Survey Suggestions on Commercial Lawsuits

The 2017-18 Economic Survey of India likely focused on improving the ease of doing business. A significant barrier to this is the lengthy duration of commercial lawsuits.

Analyzing Survey Recommendations

  • Reducing the pendency of lawsuits is crucial for a predictable and efficient legal environment, which directly impacts investor confidence and commercial activity.
  • The survey would likely advocate for measures to speed up dispute resolution rather than maintaining or increasing the number of cases.
  • Therefore, the suggestion to reduce the pendency of lawsuits aligns with the typical goals of economic reforms highlighted in such surveys.

Evaluating Options

  • Option 1 & 2 (No change/Increase lawsuits): Contradicts the goal of improving the business climate.
  • Option 4 (Appoint committee): While possible, the primary recommendation is usually action-oriented, like reducing pendency.
  • Option 3 (Reduce pendency): Directly addresses a key issue affecting commercial litigation efficiency.

The 2017-18 Economic Survey emphasized streamlining legal processes to foster economic growth, making the reduction of lawsuit pendency a key suggestion.

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Important Questions from Budget

  1. The first Economic Survey of India was presented in ______.

  2. The Union Budget 2018 allocated ₹ 5,750 crore to ______

  3. As per Economic Survey 2020-21, from the year ______ infant mortality rates declined by 12% for states that did not adopt the 'Ayushman Bharat Pradhan Mantri Jan Arogya Yojana' (AB-PMJAY).

  4. In which budget was the policy of LERMS announced?

  5. What percentage of the total Union Budget does the Defence Budget constitute for the Financial Year 2024-25?

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