Unit 1 - INDIAN ECONOMY- BBA 2nd Sem
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Answer - b) Scarcity and choice
Answer - b) Economic growth
Answer - c) Coexistence of public and private sectors
Answer - b) Human Development Index (HDI)
Answer - a) Comparative advantage
Answer - c) High levels of corruption
Answer - c) Youthful population
Answer - b) It contributes to increased productivity and innovation
Answer - c) Emigration of skilled workers
Answer - c) It provides a foundation for economic activities and growth
Answer - c) The cost of choosing one option over the next best alternative
Answer - d) Human Development Index (HDI)
Answer - c) Services
Answer - b) Education and income disparities between genders
Answer - c) Cultural attitudes toward work
Answer - b) Budget deficit
Answer - d) All of the above
Answer - c) Cyclical unemployment
Answer - b) Trade deficit
Answer - b) Foreign Direct Investment
Final Score:
0Question. What is/Introduction of Indian Economy
Answer. The economy of India is characterised as a developing market economy. It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity. According to the IMF, on a per capita income basis, India ranked 139th by GDP and 118th by GDP in 2018.
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