SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is the growth rate percapita income on the eve of Independence?
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4%
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1/2 %
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2.5%
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none of the above
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Explanation:
Detailed explanation-1: -Explanation: 0.5% was the growth rate of per capita income during the eve of independence.
Detailed explanation-2: -In terms of growth rates, the National Income registered a growth rate of 7.6 per cent in 2019-20 as against the previous year’s growth rate of 11.3 per cent.
Detailed explanation-3: -Since 1950, India’s per capita income (PCI) has jumped over 500 times. In 1950, it stood at Rs 265, and increased to Rs 1, 28, 829 in 2020-21.
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