Question : The following are the primary causes of poverty in India:
A: Population Pressure
B: Inadequate capital formation and infrastructure
Option 1: A only
Option 2: B only
Option 3: A and B both are correct
Option 4: None of the above
Correct Answer: A and B both are correct
Solution :
The following are the primary causes of poverty in INDIA:
(i) Heavy population pressure: India's population has been rapidly increasing.
(ii) Unemployment and underemployment: Because of India's continuous population growth, there is chronic unemployment and underemployment. There are two types of unemployment: educated unemployment and disguised unemployment. Poverty is simply a symptom of unemployment.
(iii) Capital Deficiency: A lack of capital creates roadblocks to development.
(iv) Underdeveloped Economy: The Indian economy is underdeveloped as a result of its slow growth rate. It is the primary source of poverty.
(v) Price Increase: The steep rise in prices has harmed the poor. They have become poorer.
Hence both are correct.
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