Study the following chart carefully and analyse the changing trends in the government expenditure on:
(I) Agriculture and Allied Activities
(II) Transport

Question

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Production Functions} & \textbf{Their Functional Forms} \\ \hline \text{(A) Translog Production Function} & \text{(I) \( q = \prod_{i=1}^{n} x_i^{a_i} \)} \\ \hline \text{(B) Generalised Leontief Production Function} & \text{(II) \( q = \sum_{i=1}^{n} a_i x_i^{\rho}, \ \rho \leq 1 \)} \\ \hline \text{(C) Cobb Douglas Production Function} & \text{(III) \( q = \sum_{i=1}^{n} a_{ij} x_i x_j \), where \( a_{ij} = a_{ji} \)} \\ \hline \text{(D) Constant Elasticity of Substitution Production Function} & \text{(IV) \( q = a_0 + \sum_{i=1}^{n} a_i \ln x_i + 0.5 \sum_{i=1}^n \ln x_i \)} \\ \hline \end{array}\] Choose the correct answer from the options given below:

Answer 1

- Agriculture and Allied Activities: Government spending in this sector has demonstrated consistent growth over the past three fiscal years. In 2021-22, expenditure stood at ₹1.44 lakh crore, rising to ₹1.46 lakh crore in 2022-23, and further escalating to ₹1.64 lakh crore in 2023-24. This trend underscores a commitment to rural and agricultural advancement.
- Transport: The transport sector has also experienced a notable increase in government expenditure. Spending grew from ₹3.90 lakh crore in 2021-22 to ₹4.33 lakh crore in 2022-23, and then advanced to ₹5.17 lakh crore in 2023-24. This reflects a strategic emphasis on infrastructure development.

Study the following chart carefully and analyse the changing trends in the government expenditure on:
(I) Agriculture and Allied Activities
(II) Transport

Show Hint

Solution and Explanation

Top Questions on Production Theory

Questions Asked in CBSE Class XII exam

Study the following chart carefully and analyse the changing trends in the government expenditure on: (I) Agriculture and Allied Activities (II) Transport

Show Hint

Solution and Explanation

Top Questions on Production Theory

Questions Asked in CBSE Class XII exam

Study the following chart carefully and analyse the changing trends in the government expenditure on:
(I) Agriculture and Allied Activities
(II) Transport