1. The number of illiterate-people win decrease.
2. The ratio of very old and very young will decrease for a while.
3. Population growth rate will quickly stabilize.
Select the correct answer using the code given below:
The demographic dividend, which has begun in India and is expected to last another few decades, is a great window of opportunity. The demographic dividend is basically a swelling in the working age population, which conversely means that the relative ratio of very young and very old will, for a while, be on the decline. From the experience of Ireland and China, we know that this can be a source of energy and an engine of economic growth.
The demographic dividend tends to raise a nation's savings rate since in any nation, it is the working age population that is the main saver. And since the savings rate is an important driver of growth, this should help elevate our growth rate. However, the benefits of demographic dividend depend on the quality of the working age population. And this implies bringing back the importance of education, acquisition of skills and human capital.
Correct Answer: (b) 2 only
Solution:You need to identify the correct statement/s out of the three given statements.1. Nowhere does the passage say that in a country when the demographic dividend has begun to operate the number of illiterate people will increase. On the contrary, the passage urges to focus on education and skill development.
2. The meaning of demographic dividend is clarified by this statement which is the ratio of very old and very young will decrease for a while. This is correct because in the passage the demographic dividend has been defined as a "swelling in the working-age population" "which conversely means that the relative ratio of very young and very old will, for a while, be on the decline.
3. The population growth rate will quickly stabilize. This statement is incorrect and it is also nowhere to be found in the passage. Also, the first sentence of the passage says that the demographic dividend is expected to last another few years. It means the working-age population will continue to expand for few decades, hence, the population will not quickly stabilize. Therefore, option (b) only 2 is correct.