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%</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</p> Signup and view all the answers

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

    <p>Godavari</p> Signup and view all the answers

    Which city serves as the winter capital of Maharashtra?

    <p>Nagpur</p> Signup and view all the answers

    How many UNESCO World Heritage Sites are located in Maharashtra?

    <p>Six</p> Signup and view all the answers

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

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

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

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

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