Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Which of the following statement (s) is/are correct?

Statement 1: Economists have found that poor nations can progress only if they have a flourishing service sector.

Statement 2: Tertiary sector provides employment which is more stable than the employment in agriculture and it promotes overall prosperity.

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

None of the given statement is correct.

Explanation:

Economists have found that poor nations can progress only if they have a good industrial sector. Industry provides employment which is more stable than the employment in agriculture; it promotes modernisation and overall prosperity.