Characterstics of Indian Economy

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  • Q1

    Planning commission has renamed as _____________.

    Marks:1
    Answer:

    NITI Aayog

    Explanation:

    In India, planning began with the setting up of planning commission in 1991 which is now been replaced by NITI Aayog (w.e.f. 1st August 2014).

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  • Q2

    Indian economy is considered as an underdeveloped economy because of ____________.

    Marks:1
    Answer:

    Pre-dominance of Agriculture

    Explanation:

    Pre-dominance of Agriculture: Agricultural productivity in India is very low. More than 50 percent of the total population is engaged in agricultural activities and contributes very less percent in country’s national income.

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  • Q3

    Identify the option which relates to primary sector.

    Marks:1
    Answer:

    Animal husbandry

    Explanation:

    Primary sector is the sector which makes direct use of natural resources. It includes animal husbandry, agricultural activities, forestry, fisheries, etc.

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  • Q4

    _____________ is also known as manufacturing sector.

    Marks:1
    Answer:

    Secondary sector

    Explanation:

    Secondary sector is also known as manufacturing sector. It includes all manufacturing and construction activities.

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  • Q5

    The Indian economy is classified into ___________.

    Marks:1
    Answer:

    Three sectors

    Explanation:

    The Indian economy is classified into three sectors:
    (i) Primary sector
    (ii) Secondary sector
    (iii) Tertiary sector

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