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Questions and Answers
What transition has the Indian economy undergone?
What transition has the Indian economy undergone?
- From a mixed planned economy to a mixed low-income developing social market economy
- From a mixed planned economy to a mixed high-income developed social market economy
- From a mixed planned economy to a mixed middle-income developing social market economy (correct)
- From a mixed planned economy to a mixed high-income developing social market economy
What was the economic system followed by successive governments in India from 1947 until 1991?
What was the economic system followed by successive governments in India from 1947 until 1991?
- Market economy
- Mixed economy
- Capitalist economy
- Soviet style planned economy (correct)
What led to the adoption of a broad economic liberalisation in India?
What led to the adoption of a broad economic liberalisation in India?
- The end of the Cold War and an acute balance of payments crisis in 1991 (correct)
- The beginning of the Cold War and an acute balance of payments crisis in 1991
- The end of the Cold War and a minor balance of payments crisis in 1991
- The beginning of the Cold War and a minor balance of payments crisis in 1991
What has been the annual average GDP growth of India since the start of the 21st century?
What has been the annual average GDP growth of India since the start of the 21st century?
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What is India's rank by GDP (nominal) per capita income basis according to the International Monetary Fund (IMF)?
What is India's rank by GDP (nominal) per capita income basis according to the International Monetary Fund (IMF)?
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What is India's rank by GDP (PPP) per capita income basis according to the International Monetary Fund (IMF)?
What is India's rank by GDP (PPP) per capita income basis according to the International Monetary Fund (IMF)?
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