Economic and Social Development | Indian Economy
Economic and Social Development | Indian Economy
1. Who is called father of Modern Economics?
Adam Smith
Marshal
Keynes
Robins
Correct Answer
Wrong Answer
2. Paul Krugaman is a/an
Scientist
Sportsman
Banker
Economist
Correct Answer
Wrong Answer
3. For the existence of a market which is indispensable?
Banks
Economic laws
Prices
Trade unions
Correct Answer
Wrong Answer
4. Indian Economy is characterised as
backward economy
developed economy
developing economy
underdeveloped economy
Correct Answer
Wrong Answer
5. The Gandhian economy is based on the principle of
Competition
Trusteeship
State control
None of the above
Correct Answer
Wrong Answer
6. Who among the following had propounded the concept of "Trusteeship'?
M.N. Roy
Aurobindo Ghosh
Mahatma Gandhi
G.K. Gokhale
Correct Answer
Wrong Answer
7. Which one of the following is the major feature of the Indian Economy?
A capitalist economy
A socialist economy
A mixed economy
None of the above
Correct Answer
Wrong Answer
8. The Indian Economy is a
Liberal economy
Socialist economy
Mixed economy
None of the above
Correct Answer
Wrong Answer
9. Mixed economy in India means
Co-existence of large and small scale industries
Foreign collaboration in economic development
Co-existence of public and private sector
None of the above
Correct Answer
Wrong Answer
10. The credit of developing the concept of modern economic growth goes to
Arthur Lewis
Michael P. Todaro
Gunnar Myrdal
Simon Kuznet
Correct Answer
Wrong Answer
11. 'Underdeveloped countries are the slums of world economy' the statement is given by
Ragnar Nurkse
A.N. Cairncross
Colin Clark
Jagdish Bhagwati
Correct Answer
Wrong Answer
12. Which among the following is a characteristic of underdevelopment?
Vicious circle of poverty
Raising mass consumption
Growth of industries
High rate of urbanisation
Correct Answer
Wrong Answer
13. Economically, one of the results of the British rule tin India in the 19th century was the
increase in the export of Indian handicrafts
growth in the number of Indian owned factories
commercialisation of Indian agriculture
rapid increase in the urban population
