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Sarvesh Deshmukh

· started a discussion

· 1 Months ago

Wrong Question (Question: 341089.5 )

There is no such Statement

Question:
DIRECTIONS: Read the following passage carefully and answer the questions given below it.


On attending a conference, which focused on the role of the services sector in Indian economy I was amazed. The conference gave a very interesting perspective on the role of the service sector in the growth of Indian economy in relation to growth rates in agriculture and industry.


The current situation in India is that the growth rate of services has overtaken both agriculture and industry and is now contributing to more than 50% of GDP. The service sector has the highest growth rate and is the least volatile sector. Growth is particularly marked in public services, IT and financial services.


In some areas, the growth rate of the service sector is 40-50% due to increased use of mobile technologies. India, therefore has, a service-oriented economy. It hasn’t followed traditional growth models as in China. However, in the process of doing so it has skipped the manufacturing stage and has jumped straight from the agriculture stage to service stage, which is also the main reason for the expansion of the service sector.


In fact, the situation now is such that the growth in the service sector can and will support in the agriculture and industrial sectors. However, the only setback for Indian economy is the lack of growth in the manufacturing sector which causes dependence on other countries, which is not so desirable in terms of job creation and increased prosperity.


Population is also a major concern of the Indian economy. As the population of India grows so also does the number of dependents in the population in both the lower and higher age groups. In such a scenario of increasing population especially in an economy which still recovering from crisis growth becomes difficult.For such an economy to grow it has to invest.


Currently, the public sector invests more than it saves. The household sector saves in surplus, but it is not increasing so it cannot continue to support private and public sectors. There is a massive need to spend on agriculture and infrastructure development of the country. Apart from that health and education should also be the priority of the government particularly the education of women in order to reduce the birth rate.

What does the author mean by the statement, ‘tochange the bad sectors to good sectors.’?
Options:
A) In order to deal with the problem of poverty it is important to distinguish between good and bad sectors and encourage people to start searching for jobs in the good sectors
B) The government should make efforts to improve the sectors that, are not functioning well in order create job opportunities in those sectors and in turn eradicate poverty.
C) Poverty alleviation is possible only if the government understands the importance of good sectors and provides it with necessary opportunities
D) The bad sectors of the country should be identified and such jobs should be outsourced to other underprivileged countries in order to eradicate poverty from those countries
E) People should be educated to ensure that they work only in the good sectors and in turn the issue of poverty in the country is resolved
Solution:
The author mean by the statement, ‘to change the bad sectors to good sectors’ is that ‘Poverty alleviation is possible only if the government understands the importance of good sectors and provides it with necessary opportunities.’

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