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- UGC NET
- Economics
126. with the economic growth, the contribution of service sector in national income (1) decrease (2) increase (3) unchanged (4) none of these (1)et& (2 13) (4)
126. With the economic growth, the contribution of service sector in National Income (1) Decrease (2) Increase (3) Unchanged (4) None of these (1)eT& (2 13) (4)Tà T 127.Which economic sector is assaclated with the term 'disguised unemployment (1) Small scale sector (2) Transport sector (3) Agriculture sector (4) Foreign trade sector
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Nidhi taparia Best Answer
126. The right answer is (2). With economic growth, the contribution of services sector in the economy has increased greatly. In fact, it is the leading sector since many decades now, and has witnessed maximum growth after LPG reforms of 1991 onwards. 127. The right answer is (3). Agriculture is associated with disguised unemployment. Let's understand this with an example. In a family of 10 in a village, everybody works on a farm. Maybe the farm only requires 5 people to work to produce the same output. So 5 of those 10, are basically disguisedly unemployed.