Economic Development and Growth in India: Policies and Trends

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Which economic sector includes activities related to farming, livestock, and forestry?

Industry

Agriculture (correct)

Services

Manufacturing

What is the main focus of the Competition Act 2002 in India?

Regulating competition to prevent anti-competitive practices (correct)

Limiting foreign investments

Encouraging unfair trade practices

Promoting monopolies

Which policy tool is used by the Reserve Bank of India (RBI) to control inflation?

Monetary policy (correct)

Fiscal policy

Trade policy

Industrial policy

In which module would you likely find discussions on issues related to economic development?

Module 4 Signup and view all the answers

Which sector of the economy is primarily involved in providing intangible goods and services?

Services Signup and view all the answers

What type of models are discussed under Macroeconomics in the provided text?

Two and three sector models Signup and view all the answers

What is the primary focus of Module 5 in the economic development course?

Agriculture, Industry, and Service Sectors Signup and view all the answers

Which policy is discussed under Agriculture in the course material?

Public Distribution System and Food Security Signup and view all the answers

What is a key aspect of Industrial Development since 1991 highlighted in the course?

Growth and Diversification Signup and view all the answers

What sector's growth and performance is discussed since 1991 in Module 5?

Agriculture, Industry, and Service Sectors Signup and view all the answers

In which module of the course is Banking Sector Reforms since 1991 discussed?

Module 6 Signup and view all the answers

What is a significant trend in Monetary Policy discussed in the course material?

Trends in Inflation Signup and view all the answers

What happens to the aggregate demand curve if net exports are negative?

It shifts downward to the left Signup and view all the answers

At what point is the new equilibrium level of national income after the curve shift due to negative net exports?

Below E2 Signup and view all the answers

Where is the equilibrium level of national income determined according to Keynes?

At the point where aggregate demand curve intersects aggregate supply curve Signup and view all the answers

In which phase of a business cycle does a country experience a contraction in economic activity?

Recession Signup and view all the answers

What is the main characteristic of the phase known as 'Prosperity' in a business cycle?

Expansion and high economic activity Signup and view all the answers

Why is it important for a country not to remain isolated from the rest of the world in terms of foreign relations?

To ensure stability in national income levels Signup and view all the answers