19.
The philosophy of Laissez-faire is associated with
Answer : D. Industrial State
20.
Which of the following is not a characteristics of Indian Economy
Answer : D. high level of exports
21.
Globalisation of indian economy means
Answer : D. having minimum possible restrictions on economic relations with other countries
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
23.
Who is known as father of economics ?
Answer : B. Adam Smith
24.
What type of Economy exists in India?
Answer : B. Mixed economy