Question

70. Which among the following statements is correct?

i) Universal basic income is based on principles of universality, unconditionality and agency

ii) UBI is a test of a just and non-exploitative society

Which of the above is correct?

• A. a) Only i
• B. b) Only ii
• C. c) Both i and ii
• D. d) None

Answer 1

The correct option is C

c) Both i and ii

70 Ans C

Explanation: Universal Basic Income is:

1. Periodic: it is paid at regular intervals (for example every month), not as a one-off grant.
2. Cash payment: it is paid in an appropriate medium of exchange, allowing those who receive it to decide what they spend it on. It is not, therefore, paid either in kind (such as food or services) or in vouchers dedicated to a specific use.
3. Individual: it is paid on an individual basis—and not, for instance, to households.
4. Universal: it is paid to all, without means test.
5. Unconditional: it is paid without a requirement to work or to demonstrate willingness-to-work.