UBI, as an alternative for subsidies in poverty alleviation, stands

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UBI, as an alternative for subsidies in poverty alleviation, stands for

[amp_mcq option1=”Union Basic Income” option2=”Undefined Basic Income” option3=”Unconditional Basic Income” option4=”Universal Basic Income” correct=”option4″]

This question was previously asked in
UPSC CDS-2 – 2017
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UBI stands for Universal Basic Income.
Universal Basic Income (UBI) is a socio-economic policy proposal aimed at poverty alleviation and reducing inequality, where all citizens of a country receive a regular, unconditional sum of money from the government.
The concept of UBI has been discussed as a potential alternative or complement to existing welfare schemes and subsidies. It is ‘universal’ because it is given to everyone regardless of their income, employment status, or other criteria; it is ‘basic’ as it aims to cover fundamental living costs; and it is ‘unconditional’ as there are no strings attached regarding how the money is spent or whether the recipient works.

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