ECONOMICS
FISCAL POLICY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entitlement Programs
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Discretionary Spending
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Fiscal Policy
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Expansionary Program
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Detailed explanation-1: -Entitlement Programs of the federal government include Medicaid, Medicare, Social Security, Unemployment, and welfare programs. Entitlement programs are rights granted to citizens and certain non-citizens by federal law. The programs are either contributory or non-contributory.
Detailed explanation-2: -The most important examples of entitlement programs at the federal level in the United States would include Social Security, Medicare, and Medicaid, most Veterans’ Administration programs, federal employee and military retirement plans, unemployment compensation, food stamps, and agricultural price support programs.
Detailed explanation-3: -Saksham Anganwadi and Poshan 2.0. In Financial Year 2021-22, GoI restructured Integrated Child Development Scheme (ICDS) and POSHAN Abhiyaan into Saksham Anganwadi and Poshan 2.0.
Detailed explanation-4: -Social Security. Social Security is the biggest government program in the United States.
Detailed explanation-5: -Americans who receive the support must have participated in the programs through payroll taxes. The most widely-claimed of the contributory entitlement programs are Social Security, Medicare and Unemployment Insurance.