1. India has not yet achieved the goal of balanced economic development. |
2. Balanced Growth mentions to a definite type of economic growth that is maintainable in the long term. |
3. Balanced growth is contrasting to the high and low nature of economic cycles. |
A) 1 only
B) 2 only
C) 3 only
D) 1, 2 and 3
Correct Answer: D
Solution :
India has not yet achieved the goal of balanced economic development. Balanced Growth mentions to a definite type of economic growth that is maintainable in the long term. Balanced growth is contrasting to the high and low nature of economic cycles. According to latest data available about 64% of total labour force is dependent on agriculture, 16% on industries and the rest about 20% on trade, transport and other services.You need to login to perform this action.
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