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Questions and Answers
What economic policies did successive governments follow from 1947 to 1991?
What economic policies did successive governments follow from 1947 to 1991?
- Soviet model and promoted protectionist economic policies (correct)
- Monetarist economic policies
- Free market policies
- Keynesian economic policies
What type of economy does India currently have?
What type of economy does India currently have?
- Command economy
- Planned economy
- Mixed middle-income developing social market economy (correct)
- Free market economy
What is India's rank in the world by nominal GDP?
What is India's rank in the world by nominal GDP?
- First
- Third
- Tenth
- 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?
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What has been the trend in India's annual average GDP growth since the start of the 21st century?
What has been the trend in India's annual average GDP growth since the start of the 21st century?
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