Tag: indian, capitalist and mixed economy

Questions Related to indian, capitalist and mixed economy

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

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

  1. True

  2. False

  3. Cant say

  4. None of above

Show answer
Correct Option: A
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.

Indian economy is ________.

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

  1. labour surplus

  2. going through a lean phase

  3. capital intensive

  4. labour deficient

Show answer
Correct Option: A
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.

Which of the following statements is correct?

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

  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.

Show answer
Correct Option: C
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 $2009-10$.