The substitution of steel for wooden ploughs in agricultural production is an example of

[UPSC Civil Services Exam – 2015 Prelims]

(a) labour-augmenting technological progress

(b) capital-augmenting technological progress

(c) capital-reducing technological progress

(d) None of the above


Answer: (b)        

Explanation:

  • Capital refers to capital goods such as manufacturing plants, machinery, tools, or any equipment that can be used to produce other goods.
  • The substitution of steel for wooden ploughs in agricultural production increases the productivity thereby encourages steel production.
  • Hence it is capital-augmenting technological progress.
  • Labour-augmenting is the technology that increases the skills and productivity of the existing labour.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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