Question

According to the Approach Paper of the 11 Five Year Plan, with the achievement of targeted growth rate and population growing at 1.5 per cent per annum, the real income of the average Indian would double in:

  1. 5 years
  2. 10 years
  3. 15 years
  4. 20 years

Answer:

Option B: 10 years

Detailed Solution:

The correct answer is “10 years”.

With population growing at 1.5% per year, this would ensure that the real income of the average Indian would double in ten years.