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Read the following passage and answer the item that follow. Your answer to this item should be based on the passage only.
Passage-5
Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.
With reference to the above passage, the following assumptions have been made:
1. India's economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.
2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.
Which of the above assumptions is/are valid?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Read the followingpassageand answer the itemthat follow. Your answerto...
Explanation:

Assumption 1: India's economy needs to be greatly integrated with the global economy to create a large number of jobs and sustain growth momentum
- The passage does not explicitly mention the need for India's economy to be greatly integrated with the global economy to create jobs and sustain growth.
- The passage highlights the problems of jobless growth, persistent poverty, and rising inequality despite economic liberalization, indicating that simply integrating with the global economy may not be sufficient to address these issues.
- Therefore, this assumption is not valid based on the information provided in the passage.

Assumption 2: Economic liberalization would cause large economic growth, reduce poverty, and create sufficient employment in the long run
- The passage mentions that economic liberalization in India was shaped more by the government's economic problems than by long-term development objectives or the priorities of the people.
- It also points out that jobless growth, persistent poverty, and rising inequality have been problems since economic liberalization began.
- This suggests that economic liberalization alone has not led to significant economic growth, poverty reduction, or sufficient employment generation in the long run.
- Therefore, this assumption is also not valid based on the information provided in the passage.
Therefore, based on the passage, neither assumption 1 nor assumption 2 is valid. Economic liberalization in India has not automatically led to job creation, poverty reduction, or sustainable economic growth.
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Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct 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 Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the followingpassageand answer the itemthat follow. Your answerto thisitemshould be based on the passageonly.Passage-5Economic liberalization in India was shaped largely by the economic problems of the government than by the economic priorities of the people or by the long-term development objectives. Thus, there were limitations in conception and design which have been subsequently validated by experience. Jobless growth, persistent poverty and rising inequality have mounted as problems since economic liberalization began. And all these years later, four quiet crises confront the economy: agriculture infrastructure, industrialization and education as constraints on the country’s future prospects. These problems must be resolved if economic growth has to be sustained and transformed into meaningful development.With reference to the above passage, the following assumptions have been made:1. Indias economy needs to be greatly integrated with global economy so as to create large number of jobs and to sustain its growth momentum.2. Economic liberalization would cause large economic growth which would reduce poverty and create sufficient employment in the long run.Which of the above assumptions is/are valid?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.
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