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The Indian Economy

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Questions and Answers

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?

Market economy

Mixed economy

Capitalist economy

Soviet style planned economy (correct)

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?

6% to 7% Signup and view all the answers

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

139th Signup and view all the answers

What is India's rank by GDP (PPP) per capita income basis according to the International Monetary Fund (IMF)?

127th Signup and view all the answers

The Indian Economy

Choose a study mode

Podcast

Questions and Answers

What transition has the Indian economy undergone?

What was the economic system followed by successive governments in India from 1947 until 1991?

What led to the adoption of a broad economic liberalisation in India?

What has been the annual average GDP growth of India since the start of the 21st century?

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 (PPP) per capita income basis according to the International Monetary Fund (IMF)?

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