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Consider the following statements:
Statement-I:
Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.
Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.
Statement-II:
Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.
Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements:Statement-I:Progress, growth, and d...
Statement-I correctly highlights the evolution of the terms progress, growth, and development in economic literature over time, emphasizing the distinct meanings that emerged in the specified decades. Statement-II accurately distinguishes between economic growth and economic development, explaining that growth pertains to measurable increases in economic variables, while development pertains to enhancing the standard of living from low to high income levels. Therefore, both statements are correct, with Statement-II logically explaining the progression of economic concepts outlined in Statement-I.
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Community Answer
Consider the following statements:Statement-I:Progress, growth, and d...
Understanding the Statements
The two statements address the evolution of the concepts of progress, growth, and development, particularly in the economic context.
Statement-I Analysis
- Progress, growth, and development were initially viewed as synonymous terms.
- Distinct definitions began to emerge in the late 20th century, particularly during the 1960s to 1980s.
- This period marked a significant shift in understanding how these concepts relate to socio-economic contexts.
Statement-II Analysis
- Economic growth refers to the measurable increase in national output or economic indicators, such as GDP.
- Economic development, however, encompasses broader aspects, focusing on improving the quality of life and living standards.
- It involves transitioning from low-income to high-income economies and includes factors such as education, health, and income distribution.
Connection Between the Statements
- Both statements highlight the evolution of economic terminology and concepts over time.
- Statement-II provides a clear distinction between economic growth and development, thus elucidating the implications of the terms mentioned in Statement-I.
Conclusion
- Since both statements are accurate and Statement-II clarifies the evolution referenced in Statement-I, the correct answer is option 'A': Both Statement-I and Statement-II are correct, and Statement-II explains Statement-I.
This understanding is crucial for grasping the nuances in economic discussions, especially in the context of policy-making and development strategies.
The two statements address the evolution of the concepts of progress, growth, and development, particularly in the economic context.
Statement-I Analysis
- Progress, growth, and development were initially viewed as synonymous terms.
- Distinct definitions began to emerge in the late 20th century, particularly during the 1960s to 1980s.
- This period marked a significant shift in understanding how these concepts relate to socio-economic contexts.
Statement-II Analysis
- Economic growth refers to the measurable increase in national output or economic indicators, such as GDP.
- Economic development, however, encompasses broader aspects, focusing on improving the quality of life and living standards.
- It involves transitioning from low-income to high-income economies and includes factors such as education, health, and income distribution.
Connection Between the Statements
- Both statements highlight the evolution of economic terminology and concepts over time.
- Statement-II provides a clear distinction between economic growth and development, thus elucidating the implications of the terms mentioned in Statement-I.
Conclusion
- Since both statements are accurate and Statement-II clarifies the evolution referenced in Statement-I, the correct answer is option 'A': Both Statement-I and Statement-II are correct, and Statement-II explains Statement-I.
This understanding is crucial for grasping the nuances in economic discussions, especially in the context of policy-making and development strategies.
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Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. 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 Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?.
Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. 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 Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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Here you can find the meaning of Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:Progress, growth, and development were used almost interchangeably until distinct meanings for these terms emerged in the 1960s, 1970s, and 1980s.Statement-II:Economic growth involves the quantifiable increase in economic variables over a period, whereas economic development focuses on improving the standard of living of a nation's people from a low-income to a high-income economy.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
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