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Questions and Answers
What is the rank of India by nominal GDP?
What is the rank of India by nominal GDP?
- Third
- Tenth
- First
- Fifth (correct)
What led to the adoption of broad economic liberalization in India in 1991?
What led to the adoption of broad economic liberalization in India in 1991?
- End of the Cold War
- Colonialism
- Acute balance of payments crisis (correct)
- Soviet influence
What economic policies did successive governments follow from independence until 1991?
What economic policies did successive governments follow from independence until 1991?
- Capitalist model
- Soviet model and promoted protectionist economic policies (correct)
- Free market policies
- Laissez-faire policies
What has been the annual average GDP growth since the start of the 21st century?
What has been the annual average GDP growth since the start of the 21st century?
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What percentage of the global economy does India account for in 2022 in PPP terms?
What percentage of the global economy does India account for in 2022 in PPP terms?
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What does microeconomics analyze?
What does microeconomics analyze?
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What does macroeconomics analyze?
What does macroeconomics analyze?
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What are the broad distinctions within economics?
What are the broad distinctions within economics?
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Where can economic analysis be applied?
Where can economic analysis be applied?
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What is the focus of rational economics and behavioural economics?
What is the focus of rational economics and behavioural economics?
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