Step 1: Basic Understanding
The term "sustainable development" combines two important ideas:
Step 2: UN Brundtland Commission Definition
The most widely accepted definition was given in 1987 by the World Commission on Environment and Development (Brundtland Commission): \[ \text{Sustainable Development} = \text{Meeting the needs of the present} \; \text{without compromising the ability of future generations}. \]
Step 3: Key Dimensions
Sustainable development rests on three pillars:
Hence, sustainable development is a holistic approach that balances environmental protection, social well-being, and economic progress for both present and future generations.
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:
Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Read the following statements carefully:
Statement 1: Casual workers are hired on a permanent basis and also get social security benefits.
Statement 2: Workforce comprises, both employed and unemployed persons.
Study the following picture:

Identify the kind of activities, which may be envisaged under ________ as diversification activity.
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below:
Assertion (A): India could not develop a sound Industrial-base during the British rule.
Reason (R): Britishers followed restrictive trade policies, which strengthened Indian handicraft industries.