Important Questions of Sectors of Indian Economy. We covered all the Important Questions of Sectors of Indian Economy in this post for free so that you can practice well for the exam.
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Important Questions of Sectors of Indian Economy Objective for Students
Who among the following had propounded the concept of ‘Trusteeship’?
(A) M.N. Roy
(B) Aurobindo Ghosh
(C) Mahatma Gandhi
(D) G.K. Gokhale
Option c – Mahatma Gandhi
Which one of the following is the major feature of the Indian Economy?
(A) A capitalist economy
(B) A socialist economy
(C) A mixed economy
(D) None of the above
Option c – A mixed economy
The Indian Economy is an
(A) Liberal economy
(B) Socialist economy
(C) Mixed economy
(D) None of the above
Option c – Mixed economy
A mixed economy in India means
(A) the Co-existence of large and small-scale industries
(B) Foreign collaboration in economic development
(C) the Co-existence of the public and private sectors
(D) None of the above
Option c – the Co-existence of the public and private sectors
The credit for developing the concept of modern economic growth goes to
(A) Arthur Lewis
(B) Michael P. Todaro
(C) Gunnar Myrdal
(D) Simon Kuznet
Option d – Simon Kuznet
Underdeveloped countries are the slums of the world economy’ The statement is given by
(A) Ragnar Nurkse
(B) A.N. Cairncross
(C) Colin Clark
(D) Jagdish Bhagwati
Option b – A.N. Cairncross
Which among the following is a characteristic of underdevelopment?
(A) The vicious circle of poverty
(B) Raising mass consumption
(C) Growth of industries
(D) High rate of urbanization
Option a – The vicious circle of poverty
Economically, one of the results of British rule in India in the 19th century was the
(A) increase in the export of Indian handicrafts
(B) growth in the number of Indian-owned factories
(C) commercialization of Indian agriculture
(D) the rapid increase in the urban population
Option c – commercialization of Indian agriculture
(A) Both (A) and (R) are true and (R) is the correct explanation of (A)
(B) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
(C) (A) is true, but (R) is false
(D) (A) is false, but (R) is true
Option a – Both (A) and (R) are true and (R) is the correct explanation of (A)
Who is called the father of Modern Economics?
(A) Adam Smith
(B) Marshal
(C) Keynes
(D) Robins
Option a – Adam Smith
Paul Krugaman is an
(A) Scientist
(B) Sportsman
(C) Banker
(D) Economist
Option a – Economist
For the existence of a market that is indispensable?
(A) Banks
(B) Economic laws
(C) Prices
(D) Trade unions
Option c – Prices
Indian Economy is characterized as
(A) backward economy
(B) developed economy
(C) developing economy
(D) underdeveloped economy
Option c – developing economy
The Gandhian economy is based on the principle of
(A) Competition
(B) Trusteeship
(C) State control
(D) None of the above
Option b – Trusteeship
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