India's Economic Landscape
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India's Economic Landscape

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Questions and Answers

What is India's rank by nominal GDP according to the International Monetary Fund (IMF)?

  • 5th (correct)
  • 3rd
  • 10th
  • 1st

    • What led to the adoption of broad economic liberalization in India in 1991?

  • Foreign investment boom
  • Acute balance of payments crisis (correct)
  • Surplus in the trade balance
  • Rapid economic growth

    • What economic policies were promoted by successive Indian governments from 1947 to 1991?

  • Mixed economy policies
  • Free market economic policies
  • Socialist economic policies
  • Protectionist economic policies (correct)

    • What was the nature of the Indian subcontinent's economy before the onset of colonialism in the early 19th century?

    <p>Largest in the world</p> Signup and view all the answers

    What percentage of the global economy does India account for in 2022 in PPP terms?

    <p>7.2%</p> Signup and view all the answers

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