Economic System

Q.

Which category would you classify India in?

1. Backward

2. Highly Developed

3. Developed

4. Developing

Q.

Which sector do you think contributes the largest share to employment?

1. Industry

2. Agriculture

3. Services

4. Cannot be determined

Q. The backbone of economic development is_________________.

1. agriculture sector
2. manufacturing sector
3. corpoarate sector
4. banking sector

Q.

The most widely observed economic system is now:

1. Asiatic

2. Capitalist

3. Socialist

4. Mixed economy

Q.

Which system did Indian leaders finally decide to adopt?

1. Mixed economy

2. Socialist

3. Capitalist

4. None of the above

Q.

Which system did Indian leaders finally decide to adopt?

1. Socialist

2. Capitalist

3. Mixed economy

4. None of the above

Q.

Which category would you classify India in?

1. Developing

2. Developed

3. Backward

4. Highly Developed

Q.

The most widely observed economic system is now:

1. Capitalist

2. Asiatic

3. Mixed economy

4. Socialist

Q. Give reasons.
Independent India opted for mixed economy.