Q.
Which of the following are the main causes of slow rate of growth of per capita income in India ?
I. High capital-output ratio
II. High rate of growth of population
III. High rate of capital formation
IV. High level of fiscal deficits
[A]
Only I
[B]
I and II only
[C]
I and III only
[D]
All of these
Answer & Explanation
Option: [B]