Question : How India has the potential to become a leading _______ economy?
Option 1: Knowledge-based economy
Option 2: Capital based
Option 3: Income-based
Option 4: None of the above
Correct Answer: Knowledge-based economy
Solution : With its young population and expanding information technology, India has the potential to become a leading knowledge-based economy. It is mainly dependent upon education. Hence option a is the correct answer.
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Question : The poverty line in India is determined based on:
Option 1: Per capita income
Option 2: Household income
Option 3: Monthly expenditure on food
Question : What does the main purpose of British rule in India?
Option 1: Use Indian economy as feeder economy
Option 2: To become president of India
Option 3: To fight with Indian ruler
Option 4: All of the above
Question : The following are the primary causes of poverty in India: A: Population Pressure B: Inadequate capital formation and infrastructure
Option 1: A only
Option 2: B only
Option 3: A and B both are correct
Question : Tribal communities in India are often associated with which type of economy?
Option 1: Industrial economy
Option 2: Service economy
Option 3: Agrarian economy
Option 4: Hunter-gatherer economy
Question : The 1991 economic policy in India aimed to shift from a __________ economy to a market-oriented economy.
Option 1: Socialist
Option 2: Capitalist
Option 3: Mixed
Option 4: Command
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