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Do you agree or disagree with the following statement? Give reasons: The creation of National Renewal Board was done to remove poverty. - Economics

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Question

Do you agree or disagree with the following statement? Give reasons:

The creation of the National Renewal Board was done to remove poverty.

Options

  • Agree

  • Disagree

MCQ
True or False
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Solution

Yes, I agree with this statement.

Reasons:

  1. Due to the closing down of loss-making public sector units, the workers have to face a problem of unemployment and poverty.
  2. National Renewal Board (NRB) was established to solve the problem of these unemployed workers.
  3. NRB takes the responsibility for providing compensation to the retrenched workers or the workers taking voluntary retirement. Thus, the creation of the National Renewal Board was done to remove poverty.
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Chapter 9: Economic Policy of India since - Exercise Q.5 [Page 63]

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Balbharati Economics [English] Standard 11 Maharashtra State Board
Chapter 9 Economic Policy of India since
Exercise Q.5 | Q 4 | Page 63
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