I. Occupation is mainly agriculture
II. Disguised unemployment
III. Poor quality of human capital
IV. High per capita intake of proteins
Select the correct answer from the codes given below :
Codes :
Correct Answer: (d) I, II & III
Note: Indian economy is characterised as a developing economy.
The following features indicates that Indian economy is in a developing category-
• Low per capita income;
• Excessive dependence on agriculture (Occupation is mainly agriculture);
• High rate of population growth and over population;
• Existence of chronic unemployment and disguised unemployment;
• Poor rate of capital formation;
• Low level of technology;
• Poor quality of human capital;
• Lack of infrastructure;
• High level of poverty and inequality;
• Low industrial development;
• Market imperfections;
• Low level of living of an average Indian etc.