Indian army has published the notification for SSC Tech 56 men and SSC Tech 27 women for the course commencing at OTA Chennai from April 2021
In post-independent India, the Mahalanobis model of economic growth adopted laid stress on
Focus on consumer goods instead of capital goods
Development of agriculture
Reliance on heavy industries and import substitution
Promoting Foreign Direct Investment
The political leaders and the industrialists were very much aware and conscious about India’s economic inheritance right after India became independent. Which of these were part of the broad consensus that emerged from the policymakers?
1. State should provide only goods and the direct responsibility for development should be given to the private sector.
2. Foreign investments should be discouraged.
3. Economic development of India needs to be planned.
Select the correct answer using the codes below.
1 and 2 only
2 and 3 only
3 only
1 only
Structural reforms, in the context of the historical ‘shock therapy’, were aimed at
Nationalization of the economy
Shedding taxation to boost individual and corporate income
Greater push to free markets
Promoting communism and socialism
What are ‘Wage Goods’?
Goods consumed by the salaried class
Heavy capital goods used for income generation in a nation
Goods produced by the organized sector
Export based goods
What is Paradox of thrift?
When people try to save more, they actually end up saving less.
When a nation tries to produce more, it ends up producing less.
When a bank lends, the borrowers do not receive an amount less than that was lent to them
When a nation exports more, its total savings decline.
