Indian Economy
In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this? I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry

I, II, III
I, III
I, II
II, III

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Indian Economy
Gross domestic capital formation is defined as

flow of expenditure devoted to increased or maintaining of the capital stock
expenditure incurred on physical assets only
net addition to stock after depreciation
production exceeding demand

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Indian Economy
Subsidies mean

payment made by business enterprises to factors of production
payment made by the government to business enterprises, without buying any goods and services
payment by government for purchase of goods and services
payment made by companies to shareholders

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