Economics · Banking Financial Awareness

Indian Economy and Policy

1,777 Questions

Indian economy and policy questions cover the structural dynamics and regulatory measures shaping the national market. Topics include foreign direct investment, taxation reforms, and government initiatives for growth. This section is highly relevant for competitive exams requiring economic awareness.

Foreign direct investmentGST impactEconomic reformsTrade policyGovernment economic initiatives

Indian Economy and Policy Questions

Multiple choice economics international economics indian economy during reforms liberalization, privatisation and globalisation: an appraisal structural changes in indian economy after liberalization

The Economic Reforms in India have failed to -

  1. Keep fiscal deficits to the targeted levels

  2. Fully implement industrial deregulation

  3. Fully open the economy to trade

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

While economic reforms have achieved significant growth, they have faced criticism for persistent fiscal deficits, incomplete implementation of certain industrial policies, and challenges in fully opening specific sectors to global trade.

Multiple choice history the industrial revolution from capitalism to imperialism industrial revolution and inventions industrial revolution and its effects

In the nineteenth century, India's economy was forced to:

  1. industrialize to meet the growing demands of a wealthy British middle class.

  2. abandon much of its food production in favor of expanding the production of textiles and cash crops.

  3. provide cheap labor for the factories of British.

  4. abandon its participation in the larger global economy in order to improve British trade.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Abandon much of its food production in favor of expanding the production of textiles and cash crops.

Multiple choice social science handicrafts and handlooms markets markets around us our bazaars

Consider the following statements about Rythu bazars of Andhra Pradesh
1.Here the producers directly sell their goods to consumers.
2.Only a person with a valid photo identity is allowed to enter the Rythu bazar to sell his/her produce.
3.The price is fixed in such a way that it should be around 30% more than the wholesale price and 30% less than the retail price.

Which of the above statements are correct?    

  1. 1 and 2 only

  2. 1 and 3 only

  3. 2 and 3 only

  4. 1,2 and 3 only
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In Rythu markets the producers directly sell their goods to consumers.
Only a person with a valid photo identity is allowed to enter the Rythu bazar to sell his/her produce.However 3.The price is fixed in such a way that it should be around 25% more than the wholesale price and 25% less than the retail price.

Multiple choice economics rural development in india basics of rural development meaning and importance of rural development agriculture sector

As per the reports in various newspapers/magazines etc, the agricultural productivity in India is low in comparison to other countries. What are the main reasons of the same?
(A) Lack of credit and marketing facilities
(B) Uneconomic holdings
(C) Outdated agricultural techniques.

  1. Only (A)

  2. Only (B)

  3. Only (C)

  4. All (A), (B) and (C)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Agricultural productivity in India is hindered by a combination of factors, including limited access to credit, fragmented land holdings, and the use of traditional, less efficient farming techniques.

Multiple choice rural development poverty rural economics economics

As per the newspaper reports, Standard & Poor's (S&P) has changed India's sovereign rating from 'Negative' to 'Stable'. This means
A. India's economic condition has improved a lot.
B. There is no pressure of inflation on the economy as it is well under control.
C. India's economic condition has further gone down as it has failed to control the fiscal deficit.

  1. Only (A)

  2. Only (B)

  3. Only (C)

  4. Only (A) and (B)
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

A change in sovereign rating from Negative to Stable by S&P indicates an improvement in the outlook, reflecting both better economic conditions and a perception that inflation/fiscal risks are being managed.

Multiple choice business economics and quantitative methods introduction to managerial economics theories of employment and income concept of international trade macro economic analysis

Which of the following is necessary to opt for economic planning in India?

  1. To break the vicious circle of property

  2. To build the social and economic infrastructure

  3. To increase capital formation

  4. All of these
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Economic Planning is the making of major economic decisions. The principal reasons for planning in India are: 

  • Rapid Economic Development, 
  • Quick improvement in the standard of living, 
  • Removal of poverty, 
  • Rational allocation and efficient utilisation of resources, 
  • Increasing the rate of capital formation, 
  • Reduction in unequal distribution of income and wealth, 
  • Reduction of unemployment, 
  • Recognition of foreign trade, 
  • Regional balanced development.

Multiple choice organisation of commerce and management trade trade and factors affecting trade trading and economic organisations trade and trade organisations

What locational advantage does India possess for International trade?

  1. Central location in the Eastern hemisphere

  2. Location in the middle of the developing countries

  3. Location at the sourthern end of Asia

  4. Location on the east-west oceanic route through the Suez Canal
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

India's central position at the head of the Indian Ocean provides it with a strategic advantage for maritime trade, connecting the East and West via the Suez Canal route.

Multiple choice geography international economics organization mncs and impact of globalization effects of globalisation in india globalization and trade

Within a year, 70% to 80% of toy shops have replaced the Indian toys with Chinese toys due to ___________.

  1. cheaper prices

  2. good material

  3. easy availability

  4. better quality
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Buyers in India now have the option of choosing between Indian and the Chinese toys. Because of the cheaper prices and new designs, Chinese toys become more popular in the Indian markets. 

Multiple choice business organisation import and export procedure types of foreign trade exports and imports nature and scope of foreign trade

Government of India is the apex body responsible for the country's external trade.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Government of India is the apex body responsible for the country's external trade as the government develops the rules and regulations levied on the import and export trade made in India.

Multiple choice social science poverty : challenge facing india programmes for poverty eradication poverty as a challenge poverty: an economic challenge for india public health and the government constraints in economic development of rajasthan

In the first phase of poverty alleviation emphasis was on _______.

  1. growth

  2. poverty alleviation

  3. infrastructure

  4. all of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Early development strategies often prioritized economic growth as the primary mechanism to eventually lift the population out of poverty.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

_______ has placed India among the fastest growing information technology market in the world.

  1. Liberalization

  2. Urbanisation

  3. Government policies

  4. Strong demand over the past few years in developed economies
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Developed Economy. Developed Economies are the countries that enjoy certain high standards. Such countries generally have a good infrastructure, stable economy with very high per capita income. The degree of development, industrialization and general standard of living for its citizens is very high.

Multiple choice business organisation conditions of purchase and sale and documents used in foreign trade foreign invoice procedure and documents used in foreign trade export and import procedures

Which among the following has accelerated India's flow of foreign investment into India?

  1. Improving standard of living.

  2. Widening markets.

  3. New Industrial Policy, 1991

  4. All of the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

On July 24, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the Industrial Structure of the country that had developed in 4 decades; raise industrial efficiency to the international level; and accelerate industrial growth.