Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Employment - Growth, Informalisation and Other Issues

Question:

In the question given below, there are 2 statements marked as Assertion (A) and Reason (R). Choose the correct alternative from the following options.

Assertion (A)- During the 1990's period, India witnessed a "Jobless growth" in the economy.

Reason (R)- Jobless growth witnessed during the 1990s indicated that the purchasing power of people increased due to increase in the GDP but the proportion of people leaving the country for jobs in a foreign country raised exponentially.

 

Options:

Both (A) and (R) are true and (R) is the correct explanation.

Both (A) and (R) are true but (R) is not the correct explanation of (A).

(A) Is true but (R) is false.

(A) Is false but (R) is true.

Correct Answer:

(A) Is true but (R) is false.

Explanation:

During the 1990's period, India witnessed "Jobless growth" in the economy. It means that in the Indian economy, we were able to produce goods and services but without corresponding increase in the number of jobs in the economy.