{"id":1714,"date":"2024-03-28T22:55:47","date_gmt":"2024-03-28T17:25:47","guid":{"rendered":"https:\/\/lotusarise.com\/qna\/?p=1714"},"modified":"2024-04-03T07:16:14","modified_gmt":"2024-04-03T01:46:14","slug":"q-with-reference-to-the-indian-economy-after-the-1991-economic-liberalization-consider-the-following-statements","status":"publish","type":"post","link":"https:\/\/lotusarise.com\/qna\/upsc\/q-with-reference-to-the-indian-economy-after-the-1991-economic-liberalization-consider-the-following-statements","title":{"rendered":"Q. With reference to the Indian economy after the 1991 economic liberalization, consider the following statements :"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">(1) Worker productivity (Rs per worker at 2004-05 prices)<strong>&nbsp;increased<\/strong>&nbsp;in urban areas while it decreased in rural areas.<br>(2) The percentage share of rural areas in the workforce&nbsp;<strong>steadily increased<\/strong>.<br>(3) In rural areas, the growth in the non-farm economy increased.<br>(4) The growth rate in rural employment decreased.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Which of the statements given above is\/are correct?<\/p>\n\n\n\n<ul class=\"mcq wp-block-list\">\n<li>1 and 2 only<\/li>\n\n\n\n<li>3 and 4 only<\/li>\n\n\n\n<li>3 only<\/li>\n\n\n\n<li>1, 2 and 4 only<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\"><strong>Answer: (b) 3 and 4 only<\/strong><\/p>\n<\/blockquote>\n\n\n\n<h5 class=\"wp-block-heading\" id=\"notes-hd-660526c180345\">Notes:<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Productivity is a measure of the efficiency with which resources, both human and material, are converted into goods and services.&nbsp;<strong>There is wide disparity in worker productivity between rural and urban areas.<\/strong>&nbsp;India\u2019s labour productivity grew by over 14 per cent every year. But&nbsp;<strong>between financial years of 2011 and 2015, this rate fell to just half of that (7.4 per cent)<\/strong>&nbsp;and continued its deceleration to just 3.7 per cent between financial years of 2016 and 2018.<\/li>\n\n\n\n<li>The&nbsp;<strong>rate of growth in population and workforce<\/strong>&nbsp;during the last four decade in<strong>&nbsp;rural areas have<\/strong>&nbsp;<strong>always been lower than of the urban areas.<\/strong><\/li>\n\n\n\n<li>After the 1991 economic liberalization,\u00a0<strong>non-farm economy (industries and services not related to agriculture) in rural areas did see substantial growth<\/strong>, as it provided alternative employment opportunities to the rural workforce.\n<ul class=\"wp-block-list\">\n<li>Rural non-farm economy, in recent times, is considered as an effectual strategy for decentralization of economic activities to rural India.<\/li>\n\n\n\n<li>The Economic Census of India estimates that around 41.89 million rural people are employed in non-agricultural establishments which registered a&nbsp;<strong>growth rate of 4.56 % during 1998-2005.<\/strong><\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>As per the 2011 Census, 68.8 per cent of country\u2019s population and 72.4 per cent of workforce resided in rural areas. However,&nbsp;<strong>steady transition to urbanization over the years is leading to the decline in the rural share in population, workforce and GDP<\/strong>&nbsp;of the country.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>(1) Worker productivity (Rs per worker at 2004-05 prices)&nbsp;increased&nbsp;in urban areas while it decreased in rural areas.(2) The percentage share of rural areas in the workforce&nbsp;steadily increased.(3) In rural areas, the growth in the non-farm economy increased.(4) The growth rate in rural employment decreased. Which of the statements given above is\/are correct? Answer: (b) 3&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[1,3],"tags":[38],"years":[53],"class_list":["post-1714","post","type-post","status-publish","format-standard","hentry","category-upsc","category-prelims","tag-indian-economy","years-53"],"acf":[],"taxonomy_info":{"category":[{"value":1,"label":"UPSC"},{"value":3,"label":"Prelims"}],"post_tag":[{"value":38,"label":"Indian Economy"}],"years":[{"value":53,"label":"2020"}]},"featured_image_src_large":false,"author_info":{"display_name":"LotusArise","author_link":"https:\/\/lotusarise.com\/qna\/author\/team-lotusarise"},"comment_info":0,"category_info":[{"term_id":1,"name":"UPSC","slug":"upsc","term_group":0,"term_taxonomy_id":1,"taxonomy":"category","description":"","parent":0,"count":1269,"filter":"raw","cat_ID":1,"category_count":1269,"category_description":"","cat_name":"UPSC","category_nicename":"upsc","category_parent":0},{"term_id":3,"name":"Prelims","slug":"prelims","term_group":0,"term_taxonomy_id":3,"taxonomy":"category","description":"","parent":1,"count":1251,"filter":"raw","cat_ID":3,"category_count":1251,"category_description":"","cat_name":"Prelims","category_nicename":"prelims","category_parent":1}],"tag_info":[{"term_id":38,"name":"Indian Economy","slug":"indian-economy","term_group":0,"term_taxonomy_id":38,"taxonomy":"post_tag","description":"","parent":0,"count":225,"filter":"raw"}],"_links":{"self":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1714","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/comments?post=1714"}],"version-history":[{"count":0,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/posts\/1714\/revisions"}],"wp:attachment":[{"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/media?parent=1714"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/categories?post=1714"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/tags?post=1714"},{"taxonomy":"years","embeddable":true,"href":"https:\/\/lotusarise.com\/qna\/wp-json\/wp\/v2\/years?post=1714"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}