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Nature of Indian Economy


1. 

Indian economy is more appropriately described as a ______economy

Answer : B. mixed

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2. 

Which of the following is at present the largest power using sector of the indian economy?

Answer : C. industry

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3. 

The backbone of all economic activities is

Answer : B. finance

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4. 

Which of the following statements indicatemost that indian economic system is under-developed?

Answer : A. Government gets more income by indirect taxes

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5. 

Laissez-fair policy refers to

Answer : C. Policy of interference by the Govt. in economic affairs

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6. 

Economic planning is an essential feature of

Answer : B. Socialist Economy

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