Author: Study Clue

International trade refers to A Trade within a country B Exchange of goods between states C Exchange of goods and

Inclusive growth refers to growth that A Benefits only urban population B Focuses only on GDP increase C Includes all

Classical theory of growth emphasizes the role of A Technology B Capital accumulation C Population growth D Natural resources Explanation

Development economics is primarily concerned with A Price determination B Growth of national income only C Economic development of poor

The services sector is also known as A Primary sector B Secondary sector C Tertiary sector D Quaternary sector Explanation

Industrial growth in India is important mainly because it A Reduces population growth B Generates employment and income C Eliminates

Agriculture plays a crucial role in the Indian economy because it A Employs the largest share of workforce B Contributes

The Indian economy is best described as a A Capitalist economy B Socialist economy C Mixed economy D Closed economy

Fiscal policy refers to the use of A Monetary tools by RBI B Government expenditure and taxation C Banking regulations