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.
◉ Coexistence of both private and public sectors
✅ Correct
◉ Foreign cooperation in economic development
❌ Incorrect
◉ Foreign cooperation in social development
❌ Incorrect
◉ Co -existence of large and cottage industry
❌ Incorrect
◉ demand only
❌ Incorrect
◉ fulfillment only
❌ Incorrect
◉ import and export
❌ Incorrect
◉ demand and supply
✅ Correct
◉ closed economy
✅ Correct
◉ moderate income
❌ Incorrect
◉ running economy
❌ Incorrect
◉ high income
❌ Incorrect
◉ Monopoly elements have co-existence with competition elements
❌ Incorrect
◉ Traditional subsistence economy has co-existence with the modern economy
❌ Incorrect
◉ Private sector public sector co-existence with enterprises
✅ Correct
◉ The urban area has co-existence with a vast rural area
❌ Incorrect
◉ 7.3%
❌ Incorrect
◉ 4.8%
❌ Incorrect
◉ 9.6%
❌ Incorrect
◉ 6.9%
✅ Correct
◉ mixed economy
✅ Correct
◉ Communist economy
❌ Incorrect
◉ capitalist economy
❌ Incorrect
◉ None of them
❌ Incorrect
◉ Theory of demographic transition)
❌ Incorrect
◉ Immersion principle
❌ Incorrect
◉ trickle down
✅ Correct
◉ Decentralized growth theory
❌ Incorrect
◉ agriculture
✅ Correct
◉ Industry
❌ Incorrect
◉ sightseeing
❌ Incorrect
◉ transportation
❌ Incorrect
◉ Rural cooperativeness
❌ Incorrect
◉ trusteeship
✅ Correct
◉ Competition
❌ Incorrect
◉ State control
❌ Incorrect
◉ co-existence of private and public sectors
✅ Correct
◉ Co -existence of large and cottage industry
❌ Incorrect
◉ Foreign cooperation in economic development
❌ Incorrect
◉ Globalization
❌ Incorrect
◉ gross national product
✅ Correct
◉ Opportunity cost
❌ Incorrect
◉ Deflation
❌ Incorrect
◉ Inflation
❌ Incorrect
◉ tax compliance reasons
✅ Correct
◉ Caused by taxes
❌ Incorrect
◉ Caused by tax
❌ Incorrect
◉ Due to tax speech
❌ Incorrect
◉ liberalization
✅ Correct
◉ Demarcation
❌ Incorrect
◉ Economy's uproar
❌ Incorrect
◉ None of them
❌ Incorrect
◉ Lowering the rate of investment
❌ Incorrect
◉ Implement the policy of protectionism
❌ Incorrect
◉ raising the rate of investment and lowering the capital-output ratio
✅ Correct
◉ Investment rate reduction and more capital-production ratio
❌ 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 🔗