Quiz on Indian Economy

What is the primary focus of the NITI Aayog?

• Cooperative federalism and strategic planning

• Regulating public sector enterprises

• Increasing foreign trade tariffs

• Promoting individual entrepreneurship

Services sector has emerged as the largest contributor to India's GDP?

• True

• False

What was one of the main objectives of India's economic reforms in 1991?

• Reduce foreign investments

• Liberalize the economy and encourage private sector participation

• Increase government control over industries

• Limit trade with other countries

Which index is used to measure human development?

• Economic Freedom Index

• Human Development Index

• Gross Domestic Product

• Consumer Price Index

What is the Gini Coefficient used to measure?

• Economic growth

• Income inequality

• Unemployment rates

• Poverty levels

Which of the following is a characteristic of India's mixed economy?

• Complete government ownership of all industries

• A combination of public and private sector enterprises

• No foreign investments allowed

• Total reliance on agriculture

What is the primary aim of the 'Make in India' initiative?

• Promote foreign imports

• Reduce urbanization

• Encourage domestic manufacturing

• Increase agricultural output

Which of the following is a major issue faced by the Indian economy?

• Corruption and poor infrastructure

• Excessive foreign reserves

• Complete economic stability

• High levels of employment

What does the term 'demographic dividend' refer to in the context of India?

• A decrease in population growth

• A young population that can drive economic growth

• An increase in elderly population

• High levels of unemployment

Lakdawala Committee committee defined the poverty line in India based on caloric intake

• True

• False