Indian Economy for Civil Services Examination

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Indian Economy for Civil Services Examination

The Catalyst of Growth: The Role of FDI in India’s Economic Development

Introduction Foreign Direct Investment (FDI) has emerged as a significant driving force behind economic growth and development in India since the country embarked on economic liberalization in the early 1990s. With a large consumer base, a burgeoning middle class, and…

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MCQs on Role of FDI in India’s Economic Development

What does FDI stand for? a) Foreign Direct Investment b) Foreign Development Investment c) Free Direct Investment d) None of the above Answer: a) Foreign Direct Investment Which year marked a significant liberalization of FDI policies in India? a) 1991…

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Infrastructure Development in India: Key to Economic Growth

Introduction Infrastructure development is the backbone of any economy, acting as a catalyst for economic growth and development. In India, a country characterized by its vast geography, diverse population, and varying levels of economic development, infrastructure plays a crucial role…

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MCQs on Infrastructure Development in India

What is the primary purpose of infrastructure development in India? A) Enhancing tourism B) Economic growth and development C) Reducing population density D) Urban planning Answer: B) Economic growth and development Which of the following sectors is primarily responsible for…

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Inclusive Growth in India: The Imperative for Policy Reforms

Introduction Inclusive growth is a developmental approach that aims to ensure that the benefits of economic growth are distributed equitably across society. In India, a nation characterized by stark socio-economic disparities, the concept of inclusive growth has become a critical…

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MCQs on Inclusive Growth in India

What is meant by ‘inclusive growth’? A) Growth that benefits only a specific group B) Growth that includes all sections of society C) Economic growth with no regard for social aspects D) Growth driven solely by urban development Answer: B)…

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India’s Foreign Trade Policy: Achievements and Areas of Concern

Introduction India’s Foreign Trade Policy (FTP) is a crucial instrument for the nation’s economic growth and development. Established in the early 1990s as part of the liberalization process, the FTP aims to promote the country’s international trade through various initiatives…

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MCQs on India’s Foreign Trade Policy

Which year was the Foreign Trade Policy (FTP) of India first introduced? A) 1991 B) 2000 C) 2015 D) 2020 Answer: A) 1991 What is the primary objective of India’s Foreign Trade Policy? A) To reduce imports B) To promote…

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Poverty Alleviation in India: Achievements and Road Ahead

Introduction Poverty remains one of the most persistent challenges facing India, a nation that prides itself on being the world’s largest democracy and one of the fastest-growing economies. Despite significant economic progress, a substantial section of the Indian population still…

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MCQs on Poverty Alleviation in India

Which of the following is the primary objective of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)? A) To provide free education B) To ensure food security C) To guarantee 100 days of wage employment in a financial year…

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Farming Reforms in India: A Critical Examination of Progress and Challenges

Introduction India, known for its agrarian roots, has a significant portion of its population dependent on agriculture for livelihood. The sector contributes approximately 17-18% to the country’s GDP and employs about 58% of the workforce. However, the agricultural sector faces…

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MCQs on Farming Reforms in India

Which of the following is a primary objective of the Green Revolution in India? A) Reducing rural poverty B) Increasing agricultural productivity C) Promoting organic farming D) Enhancing water conservation Answer: B) Increasing agricultural productivity The Agricultural Produce Market Committee…

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Embracing the Digital Wave: The Importance of the Digital Economy in India

Introduction In the 21st century, the digital economy has emerged as a cornerstone of global development, redefining traditional economic models and creating new avenues for growth. India, with its unique demographic dividend, is at the forefront of this digital revolution.…

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MCQs on the Importance of Digital Economy in India

Which of the following best defines the digital economy? A) An economy based solely on digital currencies B) An economy that uses digital technologies to facilitate business operations C) An economy where physical currency is not used D) An economy…

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Rebuilding Resilience: The Impact of COVID-19 on the Indian Economy and the Path Ahead

Introduction The COVID-19 pandemic has reshaped economies globally, and India is no exception. Emerging as one of the world’s largest economies, India faced unprecedented challenges as the virus spread across its vast expanse. Lockdowns, economic disruptions, and a looming health…

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MCQs on the Impact of COVID-19 on the Indian Economy

What was the primary economic impact of the COVID-19 pandemic on India in 2020? A) Economic growth B) Recession C) Inflation D) Trade surplus Answer: B) Recession Which sector was most severely affected by the lockdown imposed due to COVID-19?…

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