Identify the following statements as positive or normative and give
reasons.
(1)India has a large number of poor people.
(2)The government should spend more on education.
(3)Poor people are suffering due to price rise of essential
commodities.
(4)Bank has increased its interest rate.
(5)People should be encouraged to save in post offices and
commercial banks.
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Answer:
1st-normative
2nd-positive
3-normative
4-normative
5-positive
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