Economy UPPSC 1995 GS-I
Question

Indian economy is characterised as:

Answer & Solution

Answer: (Detailed Solution Below)

Option C: Developing Economy

Detailed Solution:

The correct answer is “Developing Economy”.

While India has made significant strides in economic growth and development, it still faces challenges such as poverty, inequality, and infrastructure development. These characteristics align with the definition of a developing economy.

Similar Questions:

National income of India is estimated by:
  1. Planning Commission
  2. Ministry of Finance
  3. Central Statistical Organisation
  4. Reserve Bank of India
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  2. Go on the Moon
  3. Fall on the Earth
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Which of the following is/are the type/s of poverty?

(1) Absolute poverty
(2) Relative poverty
(3) Subjective poverty
(4) Functional poverty

Choose the correct answer using the code given below—
  1. Only 1 and 2
  2. Only 3 and 4
  3. Only 1, 2 and 3
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Which of the following causes have been mainly responsible for the slow growth of real per capita income in India?

1. Rapid rise in population
2. Rapid rise in prices
3. Slow pace of progress in agricultural and industrial fields
4. Non-availability of foreign exchange

Find correct answer from the given below:
Codes:
  1. 1 and 2 only
  2. 1 and 3 only
  3. 1 and 4 only
  4. All of the above
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  2. Zimbabwe, Holland, Kenya
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Which of the following provides the largest credit to agriculture and allied sectors?
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  2. Gujarat
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2. Investment is the essential factor of capital formation.

Select the correct answer using the codes given below.
Codes :
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Indian economy is characterised as:
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  2. Developed Economy
  3. Developing Economy
  4. Underdeveloped Economy