Read the following statements carefully and choose the correct option regarding Assertion (A) and Reason (R). Assertion (A): Globalization led to increased inequality in India. Reason (R): Growth was unevenly distributed, benefiting mostly urban elite and service sectors.
Both A and R are true and R is the correct explanation of A.
Assertion (A) is TRUE — Globalisation did lead to increased economic inequality in India, with the rich-poor gap widening.
Reason (R) is TRUE and is the correct explanation — the gains from globalisation were concentrated among urban elites, IT/service sector professionals, and large corporations, while rural populations and unorganised labour benefited comparatively less. This uneven distribution directly explains the rise in inequality.
Hence Both A and R are true, and R is the correct explanation of A.
Which of the following comes under the Quarternary sector?
Private ownership of the means of production is a feature of a _______ economy.
In ________ economies, all productive resources are owned and controlled by the government.
A situation where the expenditure of the government exceeds its revenue is known as _____.
Which among the following is not a direct tax?
Which tax causes a burden on the poorer section of the society?
Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.
Goods for which demand move in the opposite direction of the income of the consumer are called?
If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the average revenue is zero.
Who takes the decision regarding the savings and loan activities in a Self Help Group (SHG)?
When goods are produced by exploiting natural resources, it is an activity associated with:
A system in which local farmers were allowed to cultivate temporarily within a plantation is known as:
Which goods from India dominated the international textile markets before the age of mechanized industries?
Which type of farming is practiced in areas of high population pressure on land?
The major economic attribute for comparing countries is their: