Tag: indian, capitalist and mixed economy

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Questions Related to indian, capitalist and mixed economy

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Ever since Independence, India has relied on other countries for external assistance.(true / false)

  1. True

  2. False

  3. Cant say

  4. None of above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

External assistance is being defined as “all official resources which the recipient can use or otherwise benefit from in pursuit of its objectives', the terms official resources meaning, in this instance, “all loans, grants, technical assistance, guarantees or other assistance provided or committed under a binding. India has always relied on other countries for external assistance since independence.

Hence, the above statement is true.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Indian economy is ________.

  1. labour surplus

  2. going through a lean phase

  3. capital intensive

  4. labour deficient
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

India is one of the most populous countries in the world. Labour is available at a high rate in India, thus, Indian economy is labour surplus and for production mechanism more labour intensive methods are used.

Multiple choice economics indian economy on the eve of independence british colonial rule indian, capitalist and mixed economy development experience (1947-90)

Which of the following statements is correct?

  1. Agriculture occupies $10$ per cent population of India.
  2. Nearly $5$ per cent population of India is below the poverty line.

  3. The production techniques used in India are backward.

  4. None of the above.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The statement regarding production techniques is correct. The reason being that production techniques are backward in an underdeveloped economy. Others are incorrect because agriculture occupies $53.2$% (in $2009-10)$ population of India and nearly $29.8$% population of India is below the poverty line in $2009-10$.