After independence, the rationale behind choosing Modernization as a planning objective for the Indian economy were ________ .
- I: To bring positive changes in the social outlook, India wanted to modernize agriculture, industry, and services to improve quality of life for its citizens.
- III: Technological upgradation was crucial for India's industrialization and modernization to ensure long-term growth.
- II: While equitable distribution of income is important, it was not the primary rationale behind choosing modernization as the main goal in India's early planning stages.
- IV: Increasing the economic divide was not a goal of modernization but rather reducing it.
Conclusion: Option (C) is the correct answer because both improving social outlook and technological upgradation were the key goals.
Read the following statements carefully:
Statement 1: Expost savings and Expost investments are equal at all levels of income.
Statement 2: Under the effective demand principle, the equilibrium output is equal to exante Aggregate Demand (AD). In the light of the given statements, choose the correct alternative from the following:
The measurement of Balance of Payments deficit is based on ……. transactions.
If in an economy the initial deposits are Rs.4,000 crore and Reserve Ratio (RR) is 10 percent. The value of total deposit created would be Rs. ______ crore.