Author: Study Clue

If the exchange rate is kept fixed while allowing free capital flows, the policy that becomes hardest to control is

In 1991, the immediate trigger that pushed India toward reforms was largely a shortage of A Domestic food grains B

In the early 1990s reform phase, “stabilization” policies mainly focused on A Expanding subsidies rapidly B Increasing import bans C

India started major economic reforms in 1991 mainly because it faced A High food surplus B Large gold discoveries C

If India’s service share in GDP rises mainly because agriculture prices grow slower while service prices rise faster (with quantities

When the service sector’s share in GDP rises mainly due to faster growth in output value than other sectors, it

When the service sector’s share in GDP rises mainly due to faster growth in output value than other sectors, it

When a country’s GDP share shifts from agriculture/industry to services, it usually indicates which broad change A Deindustrialisation only B

In national income classification, services are mainly treated as which type of output A Primary sector output B Secondary sector

If the share of manufacturing in GDP rises while agriculture falls, it usually indicates a move towards A Deindustrialisation phase