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Nature of Indian Economy


13. 

Which of the following is a non-economic determinant of economic growth ?

Answer : D. social institutions

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14. 

Octroi refers to

Answer : A. Tax

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15. 

In a developing economy, ___________ plays a role

Answer : C. progressive taxation

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16. 

What are the hurdles in the growth of Indian Economy?

Answer : C. Population, inadequate oversease trade

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17. 

One of the basic characteristics of an under-developed economy is

Answer : A. 70% to 90 % of the population is engaged in agriculture

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18. 

The modern State is

Answer : C. Welfare State

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