Economy of India Transition Quiz

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Which model did successive governments in India follow from independence in 1947 until 1991?

Mixed market model

Capitalist model

Socialist model

Soviet model (correct)

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

5% to 6%

3% to 4%

6% to 7% (correct)

8% to 9%

What percentage of India's GDP is driven by domestic consumption?

40%

60%

20%

70% (correct)

What characterizes the economic policies followed by successive governments in India from 1947 until 1991?

Protectionist Signup and view all the answers

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

Balance of payments crisis Signup and view all the answers

What is the rank of India by GDP (nominal) on a per capita income basis?

139th Signup and view all the answers

What is India's ranking on the Ease of doing business index?

63rd Signup and view all the answers

During which global event did India face a mild economic slowdown in 2008?

The 2008 global financial crisis Signup and view all the answers

What is the foreign direct investment (FDI) in India in 2021–22?

$82 billion Signup and view all the answers

Which sector makes up more than 50% of India's GDP?

The service sector Signup and view all the answers

What percentage of India's population is rural?

Nearly 65% Signup and view all the answers

What is India's gross domestic savings rate as a percentage of GDP in 2022?

29.3% Signup and view all the answers

During which period is referred to as India’s lost decade?

2004–2014 Signup and view all the answers

Where do the Bombay Stock Exchange and National Stock Exchange rank among the world's largest stock exchanges by market capitalisation?

Some of the world's largest stock exchanges by market capitalisation Signup and view all the answers

What is India's overall social spending as a share of GDP in 2021–22?

8.6 Signup and view all the answers

Economy of India Transition Quiz

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