Indian Economy and Its Characteristics

What is a key characteristic of a developing economy?

• Low literacy rate

• High growth rate

• Low birth rate

• High unemployment rate

How does India's per capita income in 2003 compare to Switzerland?

• It was 50 times lower

• It was 75 times lower

• It was equal

• It was 75 times higher

What percentage of India's working population was engaged in agriculture in 1999?

• 61%

• 28%

• 50%

• 75%

What is a major factor contributing to India's population growth?

• Increase in birth rate

• Decrease in death rate

• Increase in immigration

• Decrease in literacy rate

What is disguised unemployment?

• Unemployment due to seasonal work

• Unemployment in rural areas with no alternative employment

• Unemployment hidden by temporary jobs

• Unemployment due to lack of skills

What does maldistribution of wealth refer to?

• Wealth distributed based on age

• Equal distribution of wealth

• Faulty distribution of wealth

• Wealth concentrated in urban areas

What is considered the real resource of a country?

• Financial resources

• Natural resources

• Human resources

• Technological resources

What is a prerequisite for adapting to modern production techniques?

• High population density

• Advanced technology

• Basic minimum level of education

• High birth rate

What is a hurdle in adopting modern technology in India?

• Excessive use of modern techniques

• Poverty

• Abundance of skilled labor

• High literacy rate

What restricts the usage of tractors and harvesters in India?

• Government regulations

• High cost of labor

• Lack of demand

• Poverty and lack of resources