State and elaborate whether the following statements are true or false, with valid arguments:
[i.] In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.
[ii.] Worker–population ratio is an indicator used for analyzing the employment situation in a nation.
State and elaborate whether the following statements are true or false, with valid arguments:
[i.] In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources.
[ii.] Worker–population ratio is an indicator used for analyzing the employment situation in a nation.
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Solution and Explanation
[i.] True: Initiatives like Jan-Dhan Yojana ensure financial inclusion by enabling access to banking services for unbanked sections of society, improving financial resource allocation.
[ii.] True: Worker–population ratio indicates the proportion of the working-age population engaged in productive employment, crucial for assessing labor market conditions.
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