Q.3 The concentration of wealth at the top necessitates addressing scarcity of resources for the masses. In this context, assess the potential of Universal Basic Income (UBI) in furthering the goals of economic equity. (10 Marks)

Mentor’s Comments-

Introduce the answer by defining the concept of Universal Basic Income (UBI).
In the body, discuss the potential benefits of UBI. In the next part, discuss the challenges associated with UBI.
Conclude the answer by highlighting some measures which can be taken either parallelly or in place of UBI.