Introduction India, with a population exceeding 1.4 billion people, is one of the most populous nations in the world. A significant proportion of this population consists of young individuals, positioning…
1. What is meant by "demographic dividend"? A. The economic growth potential that can result from shifts in a population’s age structure B. The increase in taxes due to a…
Introduction Globalization is a multifaceted process characterized by the increasing interconnectedness of economies, cultures, and societies across the globe. For India, globalization has been a transformative force, reshaping its economy,…
Which of the following is a positive impact of globalization on the Indian economy? A) Increased unemployment B) Greater access to foreign markets C) Decreased foreign investment D) Increased trade…
Introduction Taxation plays a pivotal role in shaping a nation's economy and governance structure. In India, the taxation system is multifaceted, comprising a blend of direct and indirect taxes that…
Which of the following is a direct tax? A) Goods and Services Tax (GST) B) Income Tax C) Excise Duty D) Customs Duty Answer: B) Income Tax What is the…
Introduction In recent years, India has witnessed unprecedented economic growth, positioning itself as one of the fastest-growing economies in the world. However, this rapid growth has come at a significant…
Which of the following is a key principle of environmental sustainability? A) Short-term economic gains B) Resource depletion C) Long-term ecological balance D) Increased pollution Answer: C) Long-term ecological balance…
Introduction The Indian stock market has emerged as a significant player in the global financial landscape over the past few decades. As one of the fastest-growing economies, India's stock market…
What is the primary function of the Indian stock market? A) To provide loans to businesses B) To facilitate the buying and selling of shares C) To regulate interest rates…
Introduction Monetary policy is a critical tool used by governments and central banks to influence a nation's economic stability, growth, and inflation levels. In India, the Reserve Bank of India…
What is the primary objective of the Reserve Bank of India (RBI) in formulating monetary policy? A) To promote trade B) To ensure price stability C) To increase exports D)…
Introduction Privatization refers to the process of transferring ownership, management, or control of a public enterprise to the private sector. In the context of India, privatization gained momentum in the…
What is privatization? A) Transfer of public sector assets to private entities B) Government regulation of private enterprises C) Increase in government ownership D) Nationalization of industries Answer: A) Transfer…
Introduction India’s economic relations with the Association of Southeast Asian Nations (ASEAN) have witnessed significant growth over the past few decades. The ASEAN bloc, comprising ten member countries—Indonesia, Malaysia, the…
What does ASEAN stand for? A) Association of Southeast Asian Nations B) Association of South Asian Nations C) Association of South-East Asia Network D) Alliance of Southeast Asian Nations Answer:…
Introduction In the 21st century, technology has emerged as a critical driver of economic transformation across the globe. India, with its unique demographic advantages and burgeoning digital landscape, stands at…
Which technology has played a crucial role in enhancing agricultural productivity in India? A) Blockchain B) Artificial Intelligence C) Robotics D) Nanotechnology Answer: B) Artificial Intelligence What initiative aims to…
Introduction The gig economy, characterized by short-term contracts and freelance work, is rapidly reshaping the employment landscape in India. This paradigm shift is driven by technological advancements, changing workforce dynamics,…
What is the primary characteristic of the gig economy? A) Long-term employment B) Freelance work or short-term contracts C) Fixed salaries D) Government employment Answer: B) Freelance work or short-term…
Introduction Agricultural subsidies in India have long been a pivotal part of the government’s strategy to support the agrarian economy, which forms the backbone of the country. With over half…