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

  • question_answer
    If it will be true to classify India as

    A) a food-deficit economy

    B) a labour-surplus economy

    C) a trade-surplus economy

    D) a capital-surplus economy

    Correct Answer: B

    Solution :

    India is a labour-surplus economy because in India there is disguised unemployment along with under- employment which means that qualified, skilled workforce willing to work is available but there are not enough employment opportunities.

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