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India achieved multi-faceted socio-economic progress during which of the following periods?
  • a)
    Since ancient times
  • b)
    During medieval period
  • c)
    In the 21st century
  • d)
    During the last five decades
Correct answer is option 'D'. Can you explain this answer?
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India achieved multi-faceted socio-economic progress during which of t...
Since ancient civilisation, India has achieved a multi- faceted socio-economic progress during the last five decades. There has been a remarkable transformation in Indian economic, agricultural, technological and social development. 

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India achieved multi-faceted socio-economic progress during which of t...
Achievement of socio-economic progress in India in the last five decades

India has achieved multi-faceted socio-economic progress during the last five decades due to various factors such as economic reforms, technological advancements, and social initiatives. This progress can be seen in various sectors such as education, healthcare, agriculture, infrastructure, and industry.

Economic Reforms:
• India adopted economic liberalization policies in 1991, which led to a significant increase in foreign investment and trade, helping to boost the economy.
• The opening up of the Indian economy also led to the growth of the service sector, which now accounts for a major share of the country's GDP.

Technological Advancements:
• India has emerged as a leading destination for IT and software services due to its skilled workforce and favorable policies.
• The development of the internet and mobile technology has transformed the way people communicate and access information, leading to greater connectivity and access to services.

Social Initiatives:
• India has undertaken various social initiatives to improve access to education and healthcare, particularly for marginalized communities.
• The government has launched various schemes such as the Ayushman Bharat scheme, which provides free healthcare services to the poor and vulnerable sections of the society.

Agriculture:
• India has made significant progress in the agriculture sector, with the Green Revolution in the 1960s leading to increased productivity and food security.
• The government has launched various schemes such as the Pradhan Mantri Fasal Bima Yojana to provide crop insurance to farmers.

Infrastructure:
• India has made significant progress in the development of infrastructure, with the construction of highways, airports, and ports.
• The government has launched various schemes such as the Smart Cities Mission to improve urban infrastructure and promote sustainable development.

Industry:
• India has emerged as a major player in the global economy, with a growing manufacturing sector and a large pool of skilled workers.
• The government has launched various initiatives such as Make in India to promote the growth of the manufacturing sector and attract foreign investment.

In conclusion, India has made significant progress in various sectors during the last five decades, which has led to greater socio-economic development and improved standards of living for its citizens.
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Read the following passage and answer the items that follow. Your answer to the items should be based on the passage only.PASSAGEEconomic science has dominated public policy since the 20th century. Debates have raged between “Keynesian” economists and “Friedman” economists: between “welfarists” who see the need for a government hand in the economy and “monetarists” who want governments out of the way to let private entrepreneurs loose and let an “invisible hand” produce good outcomes for all. Both sides agreethat growth in GDP – the size of the economy measured in money terms – is essential. Far-sighted systems thinkers in the Club of Rome gave a wake-up call in 1972. They showed that pursuit of GDP growth was destroying the earth’s capacity to renew itself and provide resources for unbridled economic growth. They introduced the health of the planet into calculations of profit and growth. Meanwhile, economists continue to treat the natural environment as external to the economy. Pleas by communities to protect it are dismissed as impediments to “ease of doing business” and GDP growth. By the millennium’s end, advocates of unbridled private enterprise had prevailed. Needs of citizens who earn their livelihoods by work, not investments of money, were relegated in national economic policies wherever the “Thatcher-Reagan-Chicago” model of neoliberal economics prevailed. The 2008 global financial crisis revealed the fragility of insufficiently regulated markets. Governments of the G7 (later G20) collaborated to stabilize the financial system. They bailed out the “too large to fail” institutions while millions of common citizens, who lost homes and livelihoods, were barely compensated. In fact, some solutions to stabilize the the global financial system, such as the austerity package imposed on Greece, harmed common citizens even further. While the ideology of “minimum government”, with balanced budgets and low inflation has continued, waves of protest have erupted around the world. Citizens complain that the global financial system is unfair. It protects theinterests of large corporations and the wealthiest people while common citizens fall further behind. Demands to include the needs of ‘People’ in economic policy are becoming louder. The “3P” slogan – People, Planet, and Profit – demands a paradigm shift in economics.The wake up call given in the club of Rome in 1972 warns of which of the following issues in the above passage?I. Size of the economy measured in money terms alone.II. Ease of doing business and GDP growth is the focus.III. “Thatcher – Reagan – Chicago” model of economics.IV. Minimum governance and unbridled private enterprise. Select the right answer using the code below

Read the following passage and answer the items that follow. Your answer to the items should be based on the passage only.PASSAGEEconomic science has dominated public policy since the 20th century. Debates have raged between “Keynesian” economists and “Friedman” economists: between “welfarists” who see the need for a government hand in the economy and “monetarists” who want governments out of the way to let private entrepreneurs loose and let an “invisible hand” produce good outcomes for all. Both sides agreethat growth in GDP – the size of the economy measured in money terms – is essential. Far-sighted systems thinkers in the Club of Rome gave a wake-up call in 1972. They showed that pursuit of GDP growth was destroying the earth’s capacity to renew itself and provide resources for unbridled economic growth. They introduced the health of the planet into calculations of profit and growth. Meanwhile, economists continue to treat the natural environment as external to the economy. Pleas by communities to protect it are dismissed as impediments to “ease of doing business” and GDP growth. By the millennium’s end, advocates of unbridled private enterprise had prevailed. Needs of citizens who earn their livelihoods by work, not investments of money, were relegated in national economic policies wherever the “Thatcher-Reagan-Chicago” model of neoliberal economics prevailed. The 2008 global financial crisis revealed the fragility of insufficiently regulated markets. Governments of the G7 (later G20) collaborated to stabilize the financial system. They bailed out the “too large to fail” institutions while millions of common citizens, who lost homes and livelihoods, were barely compensated. In fact, some solutions to stabilize the the global financial system, such as the austerity package imposed on Greece, harmed common citizens even further. While the ideology of “minimum government”, with balanced budgets and low inflation has continued, waves of protest have erupted around the world. Citizens complain that the global financial system is unfair. It protects theinterests of large corporations and the wealthiest people while common citizens fall further behind. Demands to include the needs of ‘People’ in economic policy are becoming louder. The “3P” slogan – People, Planet, and Profit – demands a paradigm shift in economics.The ‘invisible hand’ mentioned in the above passage does not support which of the following?

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India achieved multi-faceted socio-economic progress during which of the following periods?a)Since ancient timesb)During medieval periodc)In the 21st centuryd)During the last five decadesCorrect answer is option 'D'. Can you explain this answer?
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