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CA Foundation Economy of India — practice questions — page 2

Explore 52 free Economy of India questions in CA Foundation Business Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Economy of India questions and exercises with answers

Showing questions 31–52 of 52.

Who founded the Swatantra Party in 1959 to oppose the Licence Raj?Read the answer and worked solution →Which statistician helped Nehru formulate early economic policy?Read the answer and worked solution →Which strategy marked India's post-independence industrial policy?Read the answer and worked solution →The Five-Year Plans of India resembled central planning in which country?Read the answer and worked solution →Which two firms exited India under the Janata Party's partnership rule?Read the answer and worked solution →Combined central and state fiscal deficits rose to what share of GDP in late 1980s?Read the answer and worked solution →The 1991 reforms moved the rupee to what kind of exchange rate?Read the answer and worked solution →India became the world's how-manyth largest economy by nominal GDP in 2019?Read the answer and worked solution →Which two measures disrupted growth in 2016-17 and 2017-18?Read the answer and worked solution →In which month and year was the Atmanirbhar Bharat package announced?Read the answer and worked solution →Which scheme came with the Atmanirbhar Bharat package?Read the answer and worked solution →In which of these is India the world's largest producer?Read the answer and worked solution →India is the second-largest producer of which of these crops?Read the answer and worked solution →India has the world's largest population of which livestock?Read the answer and worked solution →What has happened to agriculture's share of GDP since 1951?Read the answer and worked solution →India's average annual rainfall is about how many millimetres?Read the answer and worked solution →Which 2014 initiative aimed to make India a manufacturing hub?Read the answer and worked solution →Make in India targeted manufacturing growth of how much per annum?Read the answer and worked solution →Make in India aimed for how many additional manufacturing jobs by 2022?Read the answer and worked solution →What share of GDP was manufacturing meant to reach under Make in India?Read the answer and worked solution →Which body did the government decide in 2022 to wind up as a licence raj remnant?Read the answer and worked solution →Growth in the 1980s was higher than before. About how much was it?Read the answer and worked solution →

Worked practice questions

Who founded the Swatantra Party in 1959 to oppose the Licence Raj?

  1. C Rajagopalachari
  2. Jawaharlal Nehru
  3. P. C. Mahalanobis
  4. M. Visvesvaraya
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Correct answer: A. C Rajagopalachari

The former Governor-General C Rajagopalachari founded it, along with Minoo Masani and NG Ranga, to push for a market economy.

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Which statistician helped Nehru formulate early economic policy?

  1. Amartya Sen
  2. P. C. Mahalanobis
  3. V. K. R. V. Rao
  4. Rakesh Mohan
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Correct answer: B. P. C. Mahalanobis

Mahalanobis worked with Nehru on the heavy-industry strategy of the early planning years.

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Which strategy marked India's post-independence industrial policy?

  1. Export-led growth
  2. Import substitution
  3. Unrestricted trade
  4. Currency board
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Correct answer: B. Import substitution

Policy relied on protectionism and import substitution industrialisation under state monitoring.

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