Question
Consider the following statements about economic growth
and development: 1. Economic growth refers to a quantitative increase in a country’s output. 2. Economic development includes qualitative improvements in living standards. 3. Economic growth always leads to economic development. Which of the above statements are correct?Solution
Economic growth is a quantitative increase in GDP (statement 1). Development focuses on improved living standards and social indicators (statement 2). Growth does not always lead to development (statement 3 is incorrect).
Which Indian institution did the Asian Development Bank (ADB) project to have GDP growth of 7% in the current year?
Consider the following statements about Central Industrial Security Force (CISF):Â
1.     It works under the Ministry of Defence.
2...
What is the name of India’s planned space station, which is expected to be operational by 2035?
_____ state has launched the scheme ‘Him Prahari’ for ex servicemen and the youth of the country?
Which South American country adopted India's UPI system for instant digital payments?
Who was appointed as the CMD of New India Assurance Company?
Which of the following is NOT a feature of a Jan Dhan account under PMJDY?
India's first commercial semiconductor chip fabrication unit in Gujarat is set to be managed by which group of companies?
Recently RBI has imposed a monetary penalty on which financial institution for not complying with directions issued on ATM deployment targets?
Which State has become first in India to have its own Internet Service K- Fon ?
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