Author: Study Clue

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

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

When an economy shifts from consumer goods dominance to more capital goods production, it mainly indicates A Service sector boom

In national accounts, the industrial sector mainly includes manufacturing, construction, and A Crop farming B Household services C Government lawmaking