In the context of the Indian economy, the 'Demographic Dividend' refers to:
A. Decline in the total population
B. Increase in the old-age population only
C. Economic growth potential from a large working-age population
D. Increase in the proportion of dependent population
Answer: Option C
Solution (By JKSSB Mock Tests)
Demographic dividend arises when a large share of the population is of working age, providing an opportunity for higher economic growth if this workforce is productively employed.
Explanation:
Interest on public debt is a transfer payment and is not included in national income as it does not correspond to any current production of goods or services.
Explanation:
Covered interest parity states that the interest rate differential between two currencies equals the forward premium or discount, eliminating covered arbitrage opportunities.
No comments yet. Be the first to start the discussion!