Question : What is a good indicator to identify the effect of policies on the industrial sector?
Option 1: Rise in capital formation.
Option 2: Rise in the share of the Industry sector in the GDP.
Option 3: Rise in banking services.
Option 4: Rise in imports.
Correct Answer: Rise in the share of the Industry sector in the GDP.
Solution : The correct option is the Rise in the share of the industry sector in the GDP.
A rise in the share of the industrial sector in GDP is a good indicator of policy effects. It signifies increased industrial output, investments, and economic growth, reflecting the sector's robustness. Policymakers often use this metric to assess the success of policies aimed at promoting industrial development and overall economic progress.
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Question : Which is the biggest tax-paying sector in India as of 2016?
Option 1: Agriculture sector
Option 2: Industrial sector
Option 3: Transport sector
Option 4: Banking sector
Question : Which among the following comes under the primary sector of the Indian Economy?
Option 1: Sugar Industry
Option 2: Dairy Industry
Option 3: Banking Industry
Option 4: Transport of Goods
Question : A city primarily known for its financial services and banking sector would be classified as a:
Option 1: Industrial city
Option 2: Financial hub
Option 3: University town
Option 4: Tourist destination
Question : Which of the following sectors was the focus of the first Five-Year Plan?
Option 1: Service Sector
Option 2: Agricultural Sector
Option 3: Industrial Sector
Option 4: Public Sector
Question : What was a key economic reform introduced in the 1990s that was influenced by the rise of new economic interests during the era of planned development?
Option 1: Nationalization of banks
Option 2: Liberalization of trade policies
Option 3: Introduction of Goods and Services Tax (GST)
Option 4: Abolition of industrial licensing
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