a) Rising unemployment
b) Declining agricultural Input
c) Corruption & hoarding
d) Excessive focus on women education
Choose the correct answer from the options.
The question asks to identify major criticisms of the Nehruvian Development Model, specifically focusing on the early 1970s. Let's break down the model and the potential criticisms:
The Nehruvian model, largely implemented from the 1950s onwards, was characterized by:
By the early 1970s, this model faced significant critique. Let's examine the given options:
This was a significant issue. The focus on capital-intensive industries in the public sector did not generate enough employment opportunities relative to the growing workforce. This led to increasing rising unemployment, particularly among the educated youth, becoming a major point of concern.
While agricultural growth was crucial, and its performance varied, the primary criticism wasn't necessarily a general 'declining agricultural input'. The focus was more on the pace of growth and whether policies adequately supported the sector compared to industry. It wasn't universally seen as a primary failure point compared to industrial policy outcomes.
The extensive government controls, licensing systems (the 'License Raj'), and the dominance of the public sector created opportunities for corruption and bureaucratic inefficiency. Shortages resulting from planning and controls could also lead to hoarding by traders. These were widely cited problems associated with the implementation of the model.
Investing in education, including women's education, is generally considered a positive aspect of development, aiming for social progress and a skilled workforce. It was not typically framed as a criticism of the *development model* itself in the early 1970s. Concerns about education usually related to access, quality, or relevance, not the focus itself.
Based on the analysis:
Therefore, the combination of rising unemployment and corruption & hoarding represents major criticisms of the Nehruvian Development Model in the early 1970s.
Savings is that portion of money income that is .....
The persistent and appreciable full in level of prices and when the rate of change of price index is negative it is called as
While computing Net Economic Welfare (NEW), which of the following items is subtracted from GNP?
Which of the following statements are CORRECT for welfare economics?
A. Any competitive equilibrium leads to a Pareto efficient allocation of resources
B. Competitive equilibrium does not lead to Pareto efficient allocation of resources
C. Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
D. There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below:
RBI The sale of a bond by the United States to individuals or institutions results in a ______.
I. Shortage of stock
II. Shortage in money supply