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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?

Around 3.4% Signup and view all the answers

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

Reversed both economic growth and poverty reduction Signup and view all the answers

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

Godavari Signup and view all the answers

Which city serves as the winter capital of Maharashtra?

Nagpur Signup and view all the answers

How many UNESCO World Heritage Sites are located in Maharashtra?

Six Signup and view all the answers

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

16.47% Signup and view all the answers

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

14% Signup and view all the answers