Indian Economy

Which sector of the Indian economy contributes the largest share to the country's GDP?

• Agriculture

• Manufacturing

• Services

• Mining

Which of the following is a feature of a mixed economy, as observed in India?

• Government ownership of all means of production

• Private ownership of all means of production

• Cooperative ownership of all means of production

• Combination of private and public ownership of means of production

Which of the following is the largest employer in the Indian economy?

• Manufacturing

• Agriculture

• Service

• Mining

Economic growth refers to:

• Increase in the size of the economy

• Increase in per capita income

• Increase in employment opportunities

• Increase in government expenditure

According to Joseph Schumpeter's theory of innovation, which of the following is considered the primary driver of economic growth?

• Technological progress

• Capital accumulation

• Labor force growth

• Market competition

Which of the following is an indicator of economic development?

• Gross Domestic Product (GDP)

• Gross National Income (GNI)

• Human Development Index (HDI)

• Human Development Index (HDI)

Which of the following is an example of human capital?

• Natural Resources

• Physical Infrastructure

• Education and Skills of Worksforce

• Government Policies

Which of the following is a characteristic of sustainable development?

• Short-term economic gains

• Environmental degradation

• Social inequality

• Balanced consideration of economic, social, and environmental factors

According to Nurske's Theory, economic development can be achieved by:

• Focusing on export-oriented growth

• Prioritizing import substitution industrialization

• Balancing growth in all sectors of the economy

• Emphasizing technological advancement

Big Push Theory was given by

• R. Nurske

• Hirschman

• Rodan

• Lewis