Question

Consider the following statements about Amartya Sen's advice regarding priorities for India's Economy.

(1) It should be commodity-oriented

(2) It should be people-oriented

(3) Economic Security to the poorest of the poor

(4) Safeguards against integration of these with world economy.

1. 1, 2 & 3 are correct
2. 2, 3 & 4 are correct
3. 1, 3 & 4 are correct
4. 1, 2 & 4 are correct

Answer 1

Correct Answer - Option 1 : 1, 2 & 3 are correct

The correct answer is 1,2 & 3.

• The Amartya Sen was born on 3rd November 1933 in Bengal.
• He is an Indian Economist and Philosopher.
• He gave development theory and famine theory.
• He was awarded:
  • Nobel Memorial Prize in Economic Sciences in 1998
  • Bharat Ratna in 1999
  • National Humanities Medal in 2012
  • Johan Skytte Prize in Political Science in 2017.
• The following advice was given by Amartya Sen regarding priorities for the Indian Economy:
  • It should be Commodity-oriented.
  • It should be people-oriented.
  • Economic Security to the poorest of the poor.