Commerce Exam > Commerce Questions > The reason for slow growth rate and re-emerge...
Start Learning for Free
The reason for slow growth rate and re-emergences of poverty
- a)Earning more foreign exchange
- b)Decline in poverty rate
- c)Growing dependence on foreign loan
- d)All of these
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
The reason for slow growth rate and re-emergences of povertya)Earning ...
Foreign loan cause show the sovereign to our country and payment of high rate of interest and and such cause debt trap.
Free Test
FREE
| Start Free Test |
Community Answer
The reason for slow growth rate and re-emergences of povertya)Earning ...
Reasons for slow growth rate and re-emergence of poverty:
- Growing dependence on foreign loans: One of the main reasons for slow growth and re-emergence of poverty is the growing dependence on foreign loans. When a country relies heavily on foreign loans to finance its development projects, it can lead to a debt trap situation where the country struggles to repay the loans, resulting in economic instability and slow growth.
- Impact on economic growth: The burden of repaying foreign loans can divert resources away from productive investments, leading to slower economic growth. Additionally, the conditions attached to these loans, such as austerity measures and structural reforms, can further hinder economic development and exacerbate poverty.
- Negative effects on poverty: The cycle of borrowing to repay existing debts can create a vicious cycle of poverty, as the country may have to cut social spending and increase taxes to meet debt obligations. This can lead to a decline in living standards, increase in inequality, and a rise in poverty rates.
- Challenges for sustainable development: Dependence on foreign loans can also undermine a country's ability to achieve sustainable development goals, as it may prioritize short-term economic gains over long-term investments in areas such as education, healthcare, and infrastructure.
In conclusion, the growing dependence on foreign loans can significantly contribute to slow growth rates and re-emergence of poverty in a country. It is essential for policymakers to carefully assess the risks associated with foreign borrowing and develop strategies to promote sustainable economic growth and poverty reduction.
- Growing dependence on foreign loans: One of the main reasons for slow growth and re-emergence of poverty is the growing dependence on foreign loans. When a country relies heavily on foreign loans to finance its development projects, it can lead to a debt trap situation where the country struggles to repay the loans, resulting in economic instability and slow growth.
- Impact on economic growth: The burden of repaying foreign loans can divert resources away from productive investments, leading to slower economic growth. Additionally, the conditions attached to these loans, such as austerity measures and structural reforms, can further hinder economic development and exacerbate poverty.
- Negative effects on poverty: The cycle of borrowing to repay existing debts can create a vicious cycle of poverty, as the country may have to cut social spending and increase taxes to meet debt obligations. This can lead to a decline in living standards, increase in inequality, and a rise in poverty rates.
- Challenges for sustainable development: Dependence on foreign loans can also undermine a country's ability to achieve sustainable development goals, as it may prioritize short-term economic gains over long-term investments in areas such as education, healthcare, and infrastructure.
In conclusion, the growing dependence on foreign loans can significantly contribute to slow growth rates and re-emergence of poverty in a country. It is essential for policymakers to carefully assess the risks associated with foreign borrowing and develop strategies to promote sustainable economic growth and poverty reduction.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
|
Explore Courses for Commerce exam
|
|
Top Courses for CommerceView all
The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer?
Question Description
The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer?.
The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer?.
Solutions for The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice The reason for slow growth rate and re-emergences of povertya)Earning more foreign exchangeb)Decline in poverty ratec)Growing dependence on foreign loand)All of theseCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice Commerce tests.
|
|
Explore Courses for Commerce exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup