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Questions and Answers
What is the current rank of India in terms of nominal GDP?
What is the current rank of India in terms of nominal GDP?
- 5th (correct)
- 2nd
- 10th
- 1st
What economic policies did successive governments in India follow from 1947 until 1991?
What economic policies did successive governments in India follow from 1947 until 1991?
- Soviet model and protectionist economic policies (correct)
- Monetarist model and deregulation policies
- Laissez-faire and free market policies
- Keynesian economics and open market policies
What led to the adoption of broad economic liberalisation in India in 1991?
What led to the adoption of broad economic liberalisation in India in 1991?
- The increase in state intervention in the economy
- The end of the Cold War and a balance of payments crisis (correct)
- The rise of protectionist economic policies
- The implementation of socialist economic model
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 was the rank of India by GDP (nominal) on a per capita income basis according to the International Monetary Fund (IMF)?
What was the rank of India by GDP (nominal) on a per capita income basis according to the International Monetary Fund (IMF)?
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