Which of the following has been a major driver of service sector growth in India?
A. IT and IT-enabled services, liberalisation and rising incomes
B. Decline in domestic and global demand
C. Complete restriction on foreign investment in services
D. Only growth in agricultural productivity
Answer: Option A
Solution (By JKSSB Mock Tests)
The expansion of IT and ITES, financial services, trade and tourism, supported by liberalisation and rising incomes, has driven the rapid growth of India's service sector.
Explanation:
The random walk hypothesis, closely related to the efficient market hypothesis, asserts that successive price changes are independent and that prices incorporate information so rapidly that future changes are unpredictable.
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