Question

The economic development of a country relies on the ___________.

• A. Exports.
• B. Imports.
• C. Economic priorities.
• D. Taxation system.

Answer 1

The correct option is C Economic priorities.

• The government's economic priority includes boosting economic growth which is one of the objectives of RBI monetary policy. The concept of economic development is a broad concept which relies on reducing imports and taxes and increasing exports and foreign investment in different sectors. So it's not possible to develop an economy just by focussing on imports, exports and taxation system.