Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): In the recent past, Indian economy has been facing the problem of jobless growth.
Reason (R): Jobless growth refers to a situation where an economy is able to produce more goods and services without generating additional employment.
Assertion (A) is True: In recent years, India has experienced economic growth without a proportional rise in employment opportunities. This phenomenon is known as jobless growth, where GDP increases but employment does not expand at the same rate.
Reason (R) is True: Jobless growth refers to an economic situation where production and output increase due to improvements in technology, automation, and productivity, without requiring additional labor.
Outline and discuss the classification of industries into various categories as per Industrial Policy Resolution, 1956.
Discuss any two benefits accruing from human capital formation.
The present day rapid industrial growth in China can be traced back to the economic reforms introduced in 1978, where ________ .
(Choose the correct alternative to fill in the blank):
(i) Initially reforms were initiated in agriculture, foreign trade and investment sectors.
(ii) The policy of dual pricing was adopted.
(iii) The Government revoked the policy of Special Economic Zones.
“Depreciation of currency may promote exports of a nation.”
Defend or refute the given statement with valid arguments.
“Accommodating transactions are undertaken to maintain stability in the Balance of Payments Account.”
Justify the given statement with a valid explanation.