Social overhead capital refers to the basic infrastructure and services necessary for economic development and social well-being, such as roads, railways, ports, communication systems, power grids, water supply, sanitation, schools, and hospitals. An increase in population directly leads to a greater demand for these facilities and services, thereby increasing the requirement for social overhead capital to maintain or improve living standards and support economic activity.
What is the impact on the "Social overhead capital requirements" of an economy, if the population increases ?
Asked in UPSC Combined Section Officer 2024 · Topic: Nature of Indian Economy (Demographic Profile and its Economic Implications)
Show answer
Answer: C. Social overhead capital requirements increase.
More Economic Development questions
- In India which one of the following collects and publishes the unemployment Index?
- Which of the following is not correct about the concepts developed by NSSO for analysing the problem of unemployment in India?
- Which of the following factors could potentially contribute to stagflation in the Indian economy? 1. High inflationary pressures due to increased Government spending 2. Decline in industrial production and sluggish economic growth 3. Decrease in aggregate demand and consumer spending 4. Appreciation of the domestic currency leading to reduction of export competitiveness Select the correct answer using the codes given below.
- According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to
- Which one of the following is not an assumption in the law of demand?
- Which one of the following statements is not correct?
- Consider the following statements about a joint-stock company : 1. It has a legal existence. 2. There is limited liability of shareholders. 3. It has a democratic management. 4. It has a collective ownership. Which of the statements given above are correct?
- A market situation when many firms sell similar but not identical products is termed as