Previous year MCQs

Economy UPPSC 2001 GS-I
Question

Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?

1. Rapid rise in population
2. Rapid rise in prices
3. Slow pace of progress in agricultural and industrial fields
4. Non-availability of foreign exchange

Find correct answer from the given below:
Codes:

Answer & Solution

Answer: (Detailed Solution Below)

Option B: 1 and 3 only

Detailed Solution:

The correct answer is “1 and 3 only”.
The correct answer is: (2) 1 and 3 only

Rapid rise in population directly affects the per capita income by increasing the denominator (population), thus potentially reducing the per capita income.

Slow pace of progress in agricultural and industrial fields affects the productivity and growth potential of the economy, which in turn impacts per capita income.

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