Home PYQs UPPSC UPPSC MCQs Prelims 2021 (GS Paper I)

Question

Which among the following is NOT a major factors of economic growth ?

  1. Accumulation of capital and reforms in technology
  2. Change in population
  3. Division of labour in specialised activities
  4. Technocrats and Bureaucrats

Answer:

Option D: Technocrats and Bureaucrats

Detailed Solution:

The correct answer is “Technocrats and Bureaucrats”.

Technocrats and Bureaucrats are NOT a major factor of economic growth.

Capital accumulation as a component of economic growth and development in any society is the process of acquiring additional capital stock which is used in productive process.