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Nature of Indian Economy

  1. It will be true to classify India as
    1. A food-deficit economy
    2. A labour-surplus economy
    3. A trade-surplus economy
    4. A capital-surplus economy
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    Correct Option: B

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  1. In India, planned economy is based on
    1. Gandhian System
    2. Socialist System
    3. Capitalist System
    4. Mixed Economy System
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    Correct Option: B

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  1. When development in economy takes place, the share of tertiary sector in National Income
    1. first falls and then rises
    2. first rises and then falls
    3. keeps on increasing
    4. remains constant
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    Correct Option: C

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  1. Identify the factors responsible for the retarded economic development of India
    (1) Long British Rule
    (2) Shortage of capital
    (3) Westernised social attitude
    (4) Caste system
    1. 1 and 4 only
    2. 1, 2 and 3 only
    3. 1, 2 and 4 only
    4. 3 and 4 only
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    Correct Option: C

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  1. Which sector of Indian Economy has shown remarkable expansion during the last decade ?
    1. Primary Sector
    2. Secondary Sector
    3. Tertiary Sector
    4. Mining Sector
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    Correct Option: C

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