2. Questions Bank
  3. UPSC
  4. Economics
  5. People as Resource

UPSC Economics People as Resource Question Bank Structure of Economy and Human Resources in India

  • question_answer
          Consider the following statement in regards to Unbalanced Economic Development
    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.
    Which among the following statement is correct:

    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.
You will be redirected in 3 sec spinner