The economy of India is the fifth-largest in the world by nominal GDP and the third-largest by purchasing power parity. It is a mixed economy with a large public sector and a growing private sector.
Here you are given Multiple Choice Questions (MCQs) on the Economy of Indiathe topic of General Knowledge. First of all, you have to read all the GK questions related to Economy of India and click on one correct answer for each question. If your answer is correct, you will be displayed with a ✅ sign, but if your answer is wrong, a ❌ sign will be displayed, so that you can identify the correct answer you have given.
◉ Co -existence of large and cottage industry
❌ Incorrect
◉ Coexistence of both private and public sectors
✅ Correct
◉ Foreign cooperation in economic development
❌ Incorrect
◉ Foreign cooperation in social development
❌ Incorrect
◉ demand and supply
✅ Correct
◉ fulfillment only
❌ Incorrect
◉ demand only
❌ Incorrect
◉ import and export
❌ Incorrect
◉ running economy
❌ Incorrect
◉ closed economy
✅ Correct
◉ moderate income
❌ Incorrect
◉ high income
❌ Incorrect
◉ Traditional subsistence economy has co-existence with the modern economy
❌ Incorrect
◉ The urban area has co-existence with a vast rural area
❌ Incorrect
◉ Monopoly elements have co-existence with competition elements
❌ Incorrect
◉ Private sector public sector co-existence with enterprises
✅ Correct
◉ 4.8%
❌ Incorrect
◉ 9.6%
❌ Incorrect
◉ 7.3%
❌ Incorrect
◉ 6.9%
✅ Correct
◉ mixed economy
✅ Correct
◉ Communist economy
❌ Incorrect
◉ capitalist economy
❌ Incorrect
◉ None of them
❌ Incorrect
◉ Decentralized growth theory
❌ Incorrect
◉ trickle down
✅ Correct
◉ Immersion principle
❌ Incorrect
◉ Theory of demographic transition)
❌ Incorrect
◉ agriculture
✅ Correct
◉ transportation
❌ Incorrect
◉ Industry
❌ Incorrect
◉ sightseeing
❌ Incorrect
◉ Competition
❌ Incorrect
◉ State control
❌ Incorrect
◉ trusteeship
✅ Correct
◉ Rural cooperativeness
❌ Incorrect
◉ Co -existence of large and cottage industry
❌ Incorrect
◉ Foreign cooperation in economic development
❌ Incorrect
◉ Globalization
❌ Incorrect
◉ co-existence of private and public sectors
✅ Correct
◉ Opportunity cost
❌ Incorrect
◉ Deflation
❌ Incorrect
◉ Inflation
❌ Incorrect
◉ gross national product
✅ Correct
◉ Due to tax speech
❌ Incorrect
◉ Caused by tax
❌ Incorrect
◉ tax compliance reasons
✅ Correct
◉ Caused by taxes
❌ Incorrect
◉ liberalization
✅ Correct
◉ Demarcation
❌ Incorrect
◉ Economy's uproar
❌ Incorrect
◉ None of them
❌ Incorrect
◉ Lowering the rate of investment
❌ Incorrect
◉ Investment rate reduction and more capital-production ratio
❌ Incorrect
◉ raising the rate of investment and lowering the capital-output ratio
✅ Correct
◉ Implement the policy of protectionism
❌ Incorrect
◉ balanced economy
✅ Correct
◉ Negative economy
❌ Incorrect
◉ Positive economy
❌ Incorrect
◉ None of them
❌ Incorrect
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History of Indian Economy, Features, Important Facts 🔗