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Questions and Answers
What was the economic model followed by successive Indian governments from 1947 until 1991?
What was the economic model followed by successive Indian governments from 1947 until 1991?
- Mixed middle-income developing social market economy
- Capitalist model with free market economics
- Soviet model with protectionist economic policies (correct)
- Colonial model with extensive international trade
What is the current rank of India in terms of per capita income based on nominal GDP?
What is the current rank of India in terms of per capita income based on nominal GDP?
- 5th
- 127th
- 139th (correct)
- 3rd
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?
- Overwhelming foreign investment
- Fiscal surplus
- Acute inflation
- Balance of payments crisis (correct)
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 were the contributing factors to the reversal of economic growth and poverty reduction in India due to COVID-19?
What were the contributing factors to the reversal of economic growth and poverty reduction in India due to COVID-19?
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