Economic Transition in India Quiz

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Questions and Answers

What was the characteristic of India's economic policies from independence until 1991?

  • Emphasis on free market principles
  • Focus on socialist economic policies
  • Promotion of protectionist economic policies (correct)
  • Adoption of laissez-faire economic approach

What has been the average annual GDP growth since the start of the 21st century?

  • 2% to 3%
  • 6% to 7% (correct)
  • 4% to 5%
  • 8% to 9%

What led to the adoption of broad economic liberalisation in India in 1991?

  • Surplus in the trade balance
  • Acute balance of payments crisis (correct)
  • Stable economic growth
  • Increased foreign aid

What percentage of the global economy does India account for in nominal terms in 2022?

<p>Around 3.4% (A)</p> Signup and view all the answers

What impact did COVID-19 have on India's economy?

<p>Reversed both economic growth and poverty reduction (A)</p> Signup and view all the answers

Which river is one of the two major rivers in Maharashtra?

<p>Godavari (D)</p> Signup and view all the answers

Which city serves as the winter capital of Maharashtra?

<p>Nagpur (C)</p> Signup and view all the answers

How many UNESCO World Heritage Sites are located in Maharashtra?

<p>Six (B)</p> Signup and view all the answers

What percentage of the state's geographical area is covered by forests?

<p>16.47% (A)</p> Signup and view all the answers

What is the share of Maharashtra in all-India nominal GDP?

<p>14% (A)</p> Signup and view all the answers

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