Which of the following is/are the feature(s) of economic growth?
1. Economic growth implies a process of increase in the national income and the per-capita Income.
2. Increase in real income should be over a long period.
3. Increase in income should be based on increase in productive capacity
Select the correct answer using the code given below:
1 only
2 and 3 only
1 and 2 only
1, 2 and 3
The term economic growth is defined as the process whereby the country’s real national and per capita income increase over a long period of time. This definition of economic growth consists of the following features of economic growth:
The increase in per-capita income is a better measure of economic growth, since it reflects increase in the improvement of living standards of the masses.
In other words, the increase should be in terms of increase of output of goods and services, and not due to a mere increase in the market prices of the existing goods.
The increase of real national income and per-capita income should be sustained over a long period of time. The short-run seasonal or temporary increases in income should not be confused with economic growth.
Increase in income should be based on increase in productive capacity: Increase in Income can be sustained only when this increase results from some durable increase in productive capacity of the economy, like modernization or use of new technology in production, strengthening of infrastructure, like transport network, improved electricity generation etc.
A spherical balloon of radius r subtends angle 60° at the eye of an observer. If the angle of elevation of its centre is 60° and h is the height of the centre of the balloon, then which one of the following is correct?
Miscellaneous · Easy
The main source of energy in Sun is :
Miscellaneous · Easy
Match the underlined word in each of the sentences with the correct parts of speech and indicate your response on the answer sheet accordingly. Oh no! I am getting late for the function.
Miscellaneous · Easy
The first and sixth sentences are given as S1 and S6. The middle four sentences in each have been jumbled up and labelled as P, Q, R and S. You are required to find the proper sequence of the four sentences and mark your response accordingly S1: Our Constitution makers were fully conscious of the fact that the Scheduled Castes and Scheduled Tribes had been oppressed and underprivileged sections of our society over the centuries and they deserved a special dispensation so that their condition may be vastly improved. P: Similarly, they were also sensitive of the difficulties and problems which were likely to be faced by the persons belonging to the Anglo-Indian community in the country. Q: One such provision related to the reservation of seats for these communities in the Lok Sabha and State Legislative Assemblies. R: This provision found place in Article 330 and Article 332 of the Constitution. S: For this purpose, several special provisions were incorporated in our Constitution. S6: Consequently, adequate safeguards were provided for these communities in our Constitution. The correct sequence should be:
Miscellaneous · Easy