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Which characteristic of the Sun best explains its dominant gravitational control over all planets in the solar system A Its extremely high surface temperature B Its continuous nuclear fusion reactions C Its massive size and concentration of matter D Its emission of solar winds Explanation The Sun contains more than 99 percent of the total…

International trade refers to A Trade within a country B Exchange of goods between states C Exchange of goods and services between countries D Barter system Explanation International trade involves cross-border exchange of goods and services. Adam Smith’s theory of international trade is based on A Comparative advantage B Absolute advantage C Opportunity cost D…

Inclusive growth refers to growth that A Benefits only urban population B Focuses only on GDP increase C Includes all sections of society D Promotes capital-intensive growth Explanation Inclusive growth ensures that benefits of growth reach all social groups. The main objective of inclusive growth is to A Increase exports B Reduce poverty and inequality…

Classical theory of growth emphasizes the role of A Technology B Capital accumulation C Population growth D Natural resources Explanation Classical economists stressed savings and capital accumulation as drivers of growth. According to Adam Smith, economic growth results mainly from A Population control B Division of labour C Government intervention D Foreign trade restrictions Explanation…

Development economics is primarily concerned with A Price determination B Growth of national income only C Economic development of poor countries D Monetary policy formulation Explanation Development economics focuses on issues faced by developing and underdeveloped economies, such as poverty, inequality, and growth. The scope of development economics includes the study of A Stock markets…

The services sector is also known as A Primary sector B Secondary sector C Tertiary sector D Quaternary sector Explanation Services provide support activities like trade, transport, banking, and communication. The services sector contributes the largest share to A Employment B Exports only C GDP D Agriculture Explanation Services contribute the highest proportion to India’s…

Industrial growth in India is important mainly because it A Reduces population growth B Generates employment and income C Eliminates agriculture D Reduces exports Explanation Industry absorbs surplus labour and raises national income. The industrial sector includes A Only manufacturing B Mining, manufacturing, and construction C Agriculture and mining D Trade and transport Explanation Industry…

Agriculture plays a crucial role in the Indian economy because it A Employs the largest share of workforce B Contributes maximum tax revenue C Dominates exports exclusively D Uses maximum capital Explanation Agriculture provides livelihood to a large proportion of India’s population. The contribution of agriculture to GDP has declined mainly due to A Decline…

The Indian economy is best described as a A Capitalist economy B Socialist economy C Mixed economy D Closed economy Explanation India follows a mixed economy where both public and private sectors coexist with planned development. One major characteristic of the Indian economy is A High per capita income B Heavy dependence on agriculture C…