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.



![AP ICET Colleges List 2026 [UPDATED]: Rank-Wise & Caste-Wise (OC, BC, SC, ST) Cutoff Ranks - Colleges List](https://cache.careers360.mobi/media/presets/50X50/article_images/2026/5/12/AP-ICET-Colleges-List-Rankwise-Castewise-2026.jpg)
