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With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:
1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
3. In rural areas, the growth in non-farm economy increased.
4. The growth rate in rural employment decreased.
2. The percentage share of rural areas in the workforce steadily increased.
3. In rural areas, the growth in non-farm economy increased.
4. The growth rate in rural employment decreased.
Which of the statements given above is/are correct?
- a)1 and 2 only
- b)3 and 4 only
- c)3 only
- d)1, 2 and 4 only
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
With reference to the Indian economy after the 1991 economic liberaliz...
In terms of levels, the Agriculture and Allied Activities, with over 56 percent of the workforce, has the lowest GVA per worker. 1 is incorrect.
There is a change in occupational structure with a decline in the percentage share of labour-force in the agricultural sector and a rise in the services sector. 2 is incorrect.
The Economic Census of India estimates that around 41.89 million rural people are employed in non-agricultural establishments which registered a growth rate of 4.56 % during 1998-2005. 3 is correct.
Steady transition to urbanization over the years is leading to the decline in the rural share in population, workforce and GDP of the country. 4 is correct.
Most Upvoted Answer
With reference to the Indian economy after the 1991 economic liberaliz...
After the 1991 economic liberalization, the Indian economy witnessed significant changes in various sectors. Let us examine the given statements one by one:
1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.
This statement is correct. The economic liberalization led to a shift from an agrarian economy to a service and industry-based economy. This shift was more pronounced in urban areas, leading to an increase in worker productivity. On the other hand, rural areas still heavily depended on agriculture, which did not witness significant growth. As a result, worker productivity decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
This statement is incorrect. The economic liberalization led to the growth of urban areas and the service sector. As a result, there was a shift of the workforce from rural to urban areas. The percentage share of rural areas in the workforce decreased steadily.
3. In rural areas, the growth in non-farm economy increased.
This statement is correct. While agriculture did not witness significant growth, the non-farm economy in rural areas witnessed growth. This growth was driven by small-scale industries, services, and construction. This growth helped in creating employment opportunities in rural areas.
4. The growth rate in rural employment decreased.
This statement is also correct. Although the non-farm economy witnessed growth, it was not sufficient to absorb the surplus labor force in rural areas. As a result, the growth rate in rural employment decreased.
In conclusion, statements 3 and 4 are correct, while statements 1 and 2 are incorrect.
1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.
This statement is correct. The economic liberalization led to a shift from an agrarian economy to a service and industry-based economy. This shift was more pronounced in urban areas, leading to an increase in worker productivity. On the other hand, rural areas still heavily depended on agriculture, which did not witness significant growth. As a result, worker productivity decreased in rural areas.
2. The percentage share of rural areas in the workforce steadily increased.
This statement is incorrect. The economic liberalization led to the growth of urban areas and the service sector. As a result, there was a shift of the workforce from rural to urban areas. The percentage share of rural areas in the workforce decreased steadily.
3. In rural areas, the growth in non-farm economy increased.
This statement is correct. While agriculture did not witness significant growth, the non-farm economy in rural areas witnessed growth. This growth was driven by small-scale industries, services, and construction. This growth helped in creating employment opportunities in rural areas.
4. The growth rate in rural employment decreased.
This statement is also correct. Although the non-farm economy witnessed growth, it was not sufficient to absorb the surplus labor force in rural areas. As a result, the growth rate in rural employment decreased.
In conclusion, statements 3 and 4 are correct, while statements 1 and 2 are incorrect.
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With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer?
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With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer?.
With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Indian economy after the 1991 economic liberalization, consider the following statements:1. Worker productivity (Rupee per worker at 2004-05 prices) increased in urban areas while it decreased in rural areas.2. The percentage share of rural areas in the workforce steadily increased.3. In rural areas, the growth in non-farm economy increased.4. The growth rate in rural employment decreased.Which of the statements given above is/are correct?a)1 and 2 onlyb)3 and 4 onlyc)3 onlyd)1, 2 and 4 onlyCorrect answer is option 'B'. Can you explain this answer?.
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