Increase in absolute and per capita real GNP do not connote a higher level of economic development, ifIndustrial output fails to keep pace with agricultural output. Agricultural output fails to keep pace with industrial output.Poverty and unemployment increase.Imports grow faster than exports.

Submitted by examrobotsa on Thu, 01/01/1970 - 05:30

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0,928,480,80,176,928,224

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IAS/2000

Relevance: 22.421616

Match List I with List II and select the correct answer using the codes given below the Lists

List I	List II
I. Boom	(A) Business activity at high level with increasing income, output and employment at macro level
II. Recession	(B) Gradual fall of income, output and employment with business activity in a low gear
III. Depression	(C) Unprecedented level of under employment and unemployment, drastic fall in income, output and employment
IV. Recovery	(D) Steady rise in the general level of prices, income, output and employment

I-A, II-B, III-C, IV-D

I-A, II-B, III-D, IV-C

I-B, II-A, III-D, IV-C

I-B, II-A, III-C, IV-D

RAS/2013

Relevance: 21.90643

IAS/2000

Relevance: 21.019156

Relevance: 20.63914

IAS/2014

Relevance: 19.324955