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Nature of Indian Economy


19. 

The philosophy of Laissez-faire is associated with

Answer : D. Industrial State

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20. 

Which of the following is not a characteristics of Indian Economy?

Answer : D. high level of exports

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21. 

Globalisation of indian economy means

Answer : D. having minimum possible restrictions on economic relations with other countries

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22. 

On which of the following did the Mahalanobis Model lay greater emphasis for planned development in India after independence?

Answer : B. Development of heavy industries

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23. 

Who is known as father of economics?

Answer : B. Adam Smith

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24. 

What type of Economy exists in India?

Answer : B. Mixed economy

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