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Indian Economic Policies Quiz

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Questions and Answers

What is the primary goal of the Indian government's agricultural policy?

Providing price stability for agricultural goods

Increasing agricultural production and productivity (correct)

Ensuring environmental sustainability of agriculture

Promoting international trade of agricultural commodities

Which of the following is NOT a key component of India's agricultural policy?

Cooperative policy

Monetary policy (correct)

Land reform policy

Price policy

How does industrial development benefit other sectors of the economy?

It promotes research and development in the agricultural sector

It leads to modernization of the service sector

It creates employment opportunities across all sectors

All of the above (correct)

When did the Indian government first enact an industrial policy?

After independence in 1947 Signup and view all the answers

What is a key goal of India's industrial policy?

Promoting self-sufficiency and reducing imports Signup and view all the answers

How does industrial development benefit the agricultural sector?

It leads to the development of new farming technologies Signup and view all the answers

What was the term 'Gross National Happiness' coined in?

1972 Signup and view all the answers

Which of the following is not one of the four pillars of Gross National Happiness (GNH)?

Economic growth Signup and view all the answers

What is the full form of the economic reforms model known as 'LPG'?

Liberalisation, Privatisation, and Globalisation Signup and view all the answers

Which of the following is not one of the nine domains of Gross National Happiness (GNH)?

Economic growth Signup and view all the answers

Which of the following policies is not mentioned in the given text?

Fiscal policy Signup and view all the answers

How did the economic reforms introduced in the 1990s influence the overall economic growth of India?

They influenced the overall economic growth of the country in a significant manner. Signup and view all the answers