Question Description
Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. 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 Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer?.

Solutions for Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: The passage is given below, followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.PassageEfficiency of capital has long been an area of neglect and remains so. This aspect is underscored in the eleventh plan draft, ironically in its demand for the rate of investment being raised to 35.1% of GDP from 29.1% in 2004-05.The irony lies in the fact that the planning commission has consistently relied on the Incremental Capital Output Ratio (ICOR) as tools of expediency rather than one designed to promote efficiency. Yet, the ratio conceptually seeks to get the most out of the capital stock that is existing and is being added. The ratio now is 3.7, i.e., the capital needed for an output of 1 is 3.7 times. If the effective ratio is brought down during 2007-2012, then it would be possible to achieve a GDP growth value of 8.9% over the period with a lesser level of investment than 35.1%.Nobody doubts that capital formation is critical to a higher rate of growth in GDP but efficiency lies not so much on the capital stock as its utilisation.Q. Efficiency of capital largely depends upon the capital stock.a)if the inference is ‘definitely true’ i.e. it properly follows from the statement of facts givenb)if the inference is ‘probably true’ though not definitely true in the light of the facts givenc)if the ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or falsed)if inference is ‘probably/definitely false’Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.