Directions to SolveBelow in each of the questions are given two statem...
Since the standard of living among the middle class society is constantly going up so Indian Economy is observing remarkable growth.
View all questions of this test
Directions to SolveBelow in each of the questions are given two statem...
Explanation:
Statement Analysis:
- Statement I: Standard of living among the middle-class society is constantly going up since the past few years.
- Statement II: Indian Economy is observing remarkable growth.
Relationship between the Statements:
- The increase in the standard of living among the middle-class society can be seen as a cause for the remarkable growth observed in the Indian Economy.
- As the standard of living improves, individuals have more disposable income leading to increased spending and investments, which in turn contributes to economic growth.
Therefore, the correct answer is:
Option A: Statement I is the cause and statement II is its effect.
Directions to SolveBelow in each of the questions are given two statem...
It can be the other way around too. Since the economy is growing, more income is generated , and their standard of living is improving because they could spend more now.