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CBSE Class 12 (Arts) Current Challenges Facing Indian Economy — practice questions — page 4

Explore 149 free Current Challenges Facing Indian Economy questions in CBSE Class 12 (Arts) Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Current Challenges Facing Indian Economy questions and exercises with answers

Showing questions 91–120 of 149.

In which year was the Planning Commission dismantled?Read the answer and worked solution →A US Federal Reserve rate hike tends to do what to the US dollar?Read the answer and worked solution →According to CMIE, India's workforce has been stuck at about how large since 2018?Read the answer and worked solution →Which post-independence industrial strategy stressed state monitoring and protection?Read the answer and worked solution →Nehru's exposure to which ideology shaped early economic policy?Read the answer and worked solution →Which group has the largest weight in India's WPI basket?Read the answer and worked solution →Demand-side inflation occurs when too much money chases what?Read the answer and worked solution →Which situation causes supply-side inflation?Read the answer and worked solution →Which curve links inflation with employment generation and growth?Read the answer and worked solution →Food Articles make up what share of the total WPI weight?Read the answer and worked solution →In which year did India and Pakistan become independent nations?Read the answer and worked solution →The People's Republic of China was established in which year?Read the answer and worked solution →India's first Five Year Plan covered which period?Read the answer and worked solution →What is Pakistan's first five year plan, begun in 1956, now called?Read the answer and worked solution →In which year did China announce its First Five Year Plan?Read the answer and worked solution →Which strategy did both India and Pakistan adopt in their early years?Read the answer and worked solution →China's Great Leap Forward campaign was initiated in which year?Read the answer and worked solution →What was the main aim of China's Great Leap Forward campaign?Read the answer and worked solution →Where were people encouraged to set up industries during the Great Leap Forward?Read the answer and worked solution →How many communes covered almost all the farm population of China in 1958?Read the answer and worked solution →A severe drought during the Great Leap Forward killed about how many Chinese?Read the answer and worked solution →Which country withdrew its professionals from China after conflicts with it?Read the answer and worked solution →The Great Proletarian Cultural Revolution in China ran during which years?Read the answer and worked solution →China's reforms that led to fast industrial growth began in which year?Read the answer and worked solution →Which sectors did China's initial phase of reforms cover?Read the answer and worked solution →China's commune lands were divided into plots allocated to households for what?Read the answer and worked solution →Township and village enterprises in China were owned and run by whom?Read the answer and worked solution →What did dual pricing mean in China's reform process?Read the answer and worked solution →China set up what to attract foreign investors?Read the answer and worked solution →Which economic model does Pakistan follow, like India?Read the answer and worked solution →

Worked practice questions

In which year was the Planning Commission dismantled?

  1. 2004
  2. 2010
  3. 2014
  4. 2019
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Correct answer: C. 2014

The Planning Commission was dismantled in 2014 under Prime Minister Modi.

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A US Federal Reserve rate hike tends to do what to the US dollar?

  1. Weaken it sharply
  2. Fix it at par
  3. Leave it flat
  4. Strengthen it
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Correct answer: D. Strengthen it

Fed rate hikes strengthen the dollar, which raises debt servicing costs for Indian borrowers with foreign loans.

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According to CMIE, India's workforce has been stuck at about how large since 2018?

  1. 600 million
  2. 300 million
  3. 500 million
  4. Over 400 million
Show answer and solution

Correct answer: D. Over 400 million

The workforce stayed stagnant at just over 400 million since 2018 even as population grew.

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