Question
In which dual-sector economic model is labor considered
surplus in the traditional agricultural sector, leading to labor transfer to a modern industrial sector?Solution
The Lewis model explains development through the transfer of surplus labor from a low-productivity agricultural sector to a high-productivity industrial sector, crucial in labor-abundant economies.
Banking Regulation Act was passed in the year 1949
On which date is ‘Pravasi Bharatiya Divas’ (Non-Resident Indian Day) observed in India?
The General Provident Fund (GPF) interest rate for October-December 2024 was kept unchanged at:
The headquarters of the United Nations is located in which city.
Which gland is known as the "Master Gland"?
Who is heading the MSME(Micro, Small and Medium Enterprises)?
Faiyaz Khan, a renowned musician, was associated with which musical instrument?
Who is credited with writing the historical play "Mudrarakshasa"?
Which group of states benefits from the Bhakra-Nangal project?
Wular Lake, the largest freshwater lake in Asia, is located in which Indian state?
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