With reference to the Provision of Urban Amenities to Rural Areas PURA consider the statements given...........

Economic Affairs Rural Development

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With reference to the Provision of Urban Amenities to Rural Areas (PURA), consider the statements given below:

1. The concept was given by Dr. A.P.J. Abdul Kalam.

2. Knowledge connectivity is one of its components.

3. PURA 2.0 emphasised the development of Census towns under Public-Private Partnership.

Which of the statements given above is/are correct?

1 only

2 and 3 only

1 and 3 only

1, 2 and 3

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Explanation:

Explanation:
The Harrod-Domar models of economic growth are based on the experiences of advanced economies. They are primarily addressed to an advanced capitalist economy and attempt to analyse steady growth requirements in such an economy. Harrod and Domar assign a key role to investment in the process of economic growth. But they emphasise the dual character of investment. Firstly, it creates income, and secondly, it augments the productive capacity of the economy by increasing its capital stock. The former may be regarded as the 'demand effect' and the latter the 'supply effect' of investment. The model constructed by Harrod and Domar is based on the following assumptions:

There is an initial full employment equilibrium level of income. So, statement (1) is correct.
Government interference is absent. So, statement (2) is correct.
These models operate in a closed economy that has no foreign trade. So, statement (3) is correct.
There are no lags in adjustments between investment and the creation of productive capacity. Therefore, the correct answer is d.