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Questions on Nature of Indian Economy: These questions are based on the nature of the Indian Economy. Questions are very important and are being frequently asked in various competitive exams.
1- The term “mixed economy” denoted?
- A.existence of both rural and urban sector
- B.existence of both private and public sectors
- C.existence of both heavy and small industries
- D.existence of both development and underdeveloped sectors
- E.None of these
2- In an economy, the sectors are classified into public and private on the basis of?
- A.employment condition
- B.nature of economic activities
- C.ownership of enterprises
- D.use of raw materials
- E.None of these
3- The “Dual Economy” is a mixture of?
- A.traditional agriculture sector and modern industrial sector
- B.industrial sector and manufacturing sectors
- C.state ownership of the means of production
- D.industrial sector and trading of goods obtained through imports
- E.None of these
4- Which sector of Indian Economy has shown remarkable expansion during the last decade?
5- When development in economy takes place, the share of tertiary sector in National Income?
- A.first falls and the rises
- B.first rises and then falls
- C.keeps on increasing
- D.remains constant
- E.None of these
6- It will be true to classify India as?
- A.A food deficit economy
- B.A labour surplus economy
- C.A trade surplus economy
- D.A capital surplus economy
- E.None of these
7- Mixed Economy means?
- A.Where agriculture and industry are given equal importance
- B.Where public sector exists alongwith the private sector in national economy
- C.Where globalization is transferred with heavy close of Swadeshi in national economy
- D.When the Centre and the States are equal partners in economics planning and development
- E.None of these
8- In India, planned economy is based on?
9- Economic liberalization in India started with?
- A.Substantial changes in industrial licensing policy
- B.The convertibility of Indian rupees
- C.Doing away with procedural formalities for foreign direct investment
- D.Significant reduction in tax rates
- E.None of these
10- The Indian Economy is characterised by:
1. Pre-dominance of Agriculture
2. Pre-dominance of Industry
3. Low Per Capita Income
4. Massive Unemployment
Select the anser from the given options:
1. Pre-dominance of Agriculture
2. Pre-dominance of Industry
3. Low Per Capita Income
4. Massive Unemployment
Select the anser from the given options:
