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Question 1 of 20
1. Question
Which feature best describes the Indian economy during the pre-British period?
Correct
Pre-British India had a predominantly agrarian economy, alongside handicrafts, textiles and extensive internal and external trade.
Incorrect
Pre-British India had a predominantly agrarian economy, alongside handicrafts, textiles and extensive internal and external trade.
Unattempted
Pre-British India had a predominantly agrarian economy, alongside handicrafts, textiles and extensive internal and external trade.
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Question 2 of 20
2. Question
What was a major economic effect of colonial rule on traditional Indian handicrafts?
Correct
Colonial trade patterns and competition from machine-made imports contributed to the decline of several traditional handicraft industries.
Incorrect
Colonial trade patterns and competition from machine-made imports contributed to the decline of several traditional handicraft industries.
Unattempted
Colonial trade patterns and competition from machine-made imports contributed to the decline of several traditional handicraft industries.
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Question 3 of 20
3. Question
Which statement best captures a structural change in the Indian economy over recent decades?
Correct
India‘s output structure has shifted substantially toward services, although agriculture remains important for employment and rural livelihoods.
Incorrect
India‘s output structure has shifted substantially toward services, although agriculture remains important for employment and rural livelihoods.
Unattempted
India‘s output structure has shifted substantially toward services, although agriculture remains important for employment and rural livelihoods.
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Question 4 of 20
4. Question
Which change most directly increased the role of private enterprise in India after 1991?
Correct
The 1991 reform programme reduced licensing and entry barriers in many sectors, increasing the scope for private enterprise.
Incorrect
The 1991 reform programme reduced licensing and entry barriers in many sectors, increasing the scope for private enterprise.
Unattempted
The 1991 reform programme reduced licensing and entry barriers in many sectors, increasing the scope for private enterprise.
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Question 5 of 20
5. Question
The 2008 global financial crisis affected India primarily through which channels?
Correct
India was affected through global trade, financial-market volatility and capital-flow changes, even though its banking system had limited direct exposure to some toxic assets.
Incorrect
India was affected through global trade, financial-market volatility and capital-flow changes, even though its banking system had limited direct exposure to some toxic assets.
Unattempted
India was affected through global trade, financial-market volatility and capital-flow changes, even though its banking system had limited direct exposure to some toxic assets.
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Question 6 of 20
6. Question
Which indicator measures the value of final goods and services produced within a country‘s domestic territory during a period?
Correct
GDP measures the value of final goods and services produced within domestic territory over a specified period.
Incorrect
GDP measures the value of final goods and services produced within domestic territory over a specified period.
Unattempted
GDP measures the value of final goods and services produced within domestic territory over a specified period.
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Question 7 of 20
7. Question
Why is per-capita income useful when comparing average economic output across countries?
Correct
Per-capita measures adjust aggregate income or output for population, though they do not show how income is distributed.
Incorrect
Per-capita measures adjust aggregate income or output for population, though they do not show how income is distributed.
Unattempted
Per-capita measures adjust aggregate income or output for population, though they do not show how income is distributed.
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Question 8 of 20
8. Question
A rise in the share of services in GDP, with agriculture still employing many workers, can indicate which challenge?
Correct
Output and employment can shift at different speeds, creating productivity and income differences between sectors.
Incorrect
Output and employment can shift at different speeds, creating productivity and income differences between sectors.
Unattempted
Output and employment can shift at different speeds, creating productivity and income differences between sectors.
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Question 9 of 20
9. Question
What is meant by economic planning?
Correct
Economic planning involves setting priorities, targets and policies and coordinating resources to pursue development objectives.
Incorrect
Economic planning involves setting priorities, targets and policies and coordinating resources to pursue development objectives.
Unattempted
Economic planning involves setting priorities, targets and policies and coordinating resources to pursue development objectives.
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Question 10 of 20
10. Question
Which institution replaced the Planning Commission in 2015?
Correct
NITI Aayog was established in 2015 to serve as a policy think tank and promote cooperative federalism.
Incorrect
NITI Aayog was established in 2015 to serve as a policy think tank and promote cooperative federalism.
Unattempted
NITI Aayog was established in 2015 to serve as a policy think tank and promote cooperative federalism.
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Question 11 of 20
11. Question
What was a central feature of India‘s Five-Year Plans?
Correct
Five-Year Plans set medium-term priorities and guided public investment and development strategy.
Incorrect
Five-Year Plans set medium-term priorities and guided public investment and development strategy.
Unattempted
Five-Year Plans set medium-term priorities and guided public investment and development strategy.
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Question 12 of 20
12. Question
Which was the broad priority of the First Five-Year Plan (1951–56)?
Correct
The First Plan gave significant emphasis to agriculture, irrigation and stabilisation after Independence.
Incorrect
The First Plan gave significant emphasis to agriculture, irrigation and stabilisation after Independence.
Unattempted
The First Plan gave significant emphasis to agriculture, irrigation and stabilisation after Independence.
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Question 13 of 20
13. Question
Which approach is most consistent with cooperative federalism in development planning?
Correct
Cooperative federalism involves collaboration between the Union and states while respecting their respective roles.
Incorrect
Cooperative federalism involves collaboration between the Union and states while respecting their respective roles.
Unattempted
Cooperative federalism involves collaboration between the Union and states while respecting their respective roles.
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Question 14 of 20
14. Question
Which of the following can be a source of financing for a Five-Year Plan or public development programme?
Correct
Public development spending can be financed through taxes, non-tax revenue, borrowing, public-sector resources and, where applicable, external assistance.
Incorrect
Public development spending can be financed through taxes, non-tax revenue, borrowing, public-sector resources and, where applicable, external assistance.
Unattempted
Public development spending can be financed through taxes, non-tax revenue, borrowing, public-sector resources and, where applicable, external assistance.
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Question 15 of 20
15. Question
Indicative planning differs from rigid command planning because it generally:
Correct
Indicative planning guides decisions through targets, incentives and policy signals without centrally dictating every firm-level choice.
Incorrect
Indicative planning guides decisions through targets, incentives and policy signals without centrally dictating every firm-level choice.
Unattempted
Indicative planning guides decisions through targets, incentives and policy signals without centrally dictating every firm-level choice.
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Question 16 of 20
16. Question
Which statement correctly describes NITI Aayog?
Correct
NITI Aayog is a government policy think tank; monetary policy decisions are not its responsibility.
Incorrect
NITI Aayog is a government policy think tank; monetary policy decisions are not its responsibility.
Unattempted
NITI Aayog is a government policy think tank; monetary policy decisions are not its responsibility.
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Question 17 of 20
17. Question
Crop cultivation and animal husbandry belong mainly to which sector?
Correct
The primary sector directly uses natural resources and includes agriculture, forestry, fishing and mining.
Incorrect
The primary sector directly uses natural resources and includes agriculture, forestry, fishing and mining.
Unattempted
The primary sector directly uses natural resources and includes agriculture, forestry, fishing and mining.
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Question 18 of 20
18. Question
Turning raw cotton into finished cloth is primarily an activity of which sector?
Correct
Manufacturing transforms raw materials into finished or semi-finished goods and is part of the secondary sector.
Incorrect
Manufacturing transforms raw materials into finished or semi-finished goods and is part of the secondary sector.
Unattempted
Manufacturing transforms raw materials into finished or semi-finished goods and is part of the secondary sector.
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Question 19 of 20
19. Question
Banking, transport, retail and tourism are generally classified under which sector?
Correct
The tertiary sector provides services such as banking, trade, transport, communications and tourism.
Incorrect
The tertiary sector provides services such as banking, trade, transport, communications and tourism.
Unattempted
The tertiary sector provides services such as banking, trade, transport, communications and tourism.
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Question 20 of 20
20. Question
Research, data analytics and information-intensive knowledge services are often associated with which sector?
Correct
The quaternary sector is commonly used for knowledge-based activities such as research, information and advanced analytical services.
Incorrect
The quaternary sector is commonly used for knowledge-based activities such as research, information and advanced analytical services.
Unattempted
The quaternary sector is commonly used for knowledge-based activities such as research, information and advanced analytical services.