Demographic Transition and Dividend

Statements 1 and 3 are correct. Vietnam’s open economic policy of recent years integrating into global supply chains has made the growth success story possible. Vietnam's export-led growth strategy and global integration are among the key factors behind the country's remarkable achievements in growth and poverty. Vietnam was one among the few countries to post GDP growth rate figures in 2020 when the pandemic hit. Vietnam is projected to be the fastest-growing internet economy in Southeast Asia in the next 10 years. Statement 2 is not correct. Vietnam is a one-party communist state, not a multi-party parliamentary democracy. Statement 4 is correct. Thanks to an abundance of low-wage labour, Vietnam's manufacturing sector grew at a compound annual growth in the last decade. As the rest of East Asia developed and wages there rose, global manufacturers were lured by Vietnam's low labour costs and stable exchange rate. Hence, Statement 5 is not correct. According to the Asian Development Bank Report, e-services including digital financial services are at a very nascent stage in Vietnam.

* Italy and Japan are often cited as prime examples of countries with rapidly ageing populations and very low birth rates. Both countries have been grappling with the economic and social consequences of these demographic trends for several years. * South Korea has also emerged as a country with significant demographic concerns. Its fertility rate is one of the lowest in the world, and its population is projected to start declining in the coming years. * Nigeria and South Africa, while facing their own set of demographic challenges, are generally not highlighted for low birth rates or declining populations. Nigeria has a very young and rapidly growing population. South Africa’s population growth has slowed in recent years, but it is not yet experiencing a decline.

Statement 1 is incorrect. The National Career Service is not an initiative of the Department of Personnel and Training, Government of India. It is actually implemented by the Directorate General of Employment, Ministry of Labour & Employment. Statement 2 is incorrect. The National Career Service has indeed been launched in a Mission Mode, but it is not specifically targeted at improving the employment opportunities for uneducated youth of the country. It is a comprehensive platform providing a wide array of employment and career related services to all citizens of India, aiming to bridge the gap between jobseekers and employers, candidates seeking training and career guidance, and agencies providing training and career counselling.

Statement 1 is incorrect. After the 1991 economic liberalization, worker productivity increased both in urban and rural areas. While urban areas experienced higher growth, rural areas also saw improvements, especially with the rise in non-farm activities. Statement 2 is incorrect. The percentage share of rural areas in the workforce has steadily decreased since liberalization. This is because more people have moved to urban areas for employment in the industrial and service sectors, contributing to the growing urban workforce. Statement 3 is correct. In rural areas, the growth of the non-farm economy increased significantly. With liberalization, the diversification of rural economies into sectors like manufacturing, construction, and services grew, reducing the dependency on agriculture. Statement 4 is correct. The growth rate in rural employment decreased after 1991. While the rural economy diversified, the agricultural sector did not provide enough employment opportunities to absorb all the labor, leading to lower growth in rural employment. Hence, option B is the correct answer.

* The number of children born per 1000 people in the population in a year. This describes the crude birth rate, not the total fertility rate. * The number of children born to a couple in their lifetime in a given population. This is close but not quite accurate. The total fertility rate is calculated for women, not couples. * The birth rate minus death rate. This defines the rate of natural increase, which indicates population growth, not fertility. * The average number of live births a woman would have by the end of her child-bearing age. This is the correct definition of Total Fertility Rate (TFR). It's a hypothetical measure assuming a woman lives through her childbearing years and experiences the age-specific fertility rates of a given period. * In simple terms, TFR tells us the average number of children a woman would have if current birth trends continued.