Indian Economy — Important Questions
Gujarat Board · Class 11 · Economics
44 important questions from Indian Economy for Gujarat Board Class 11 Economics, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from Indian Economy
What percentage of population was employed in the agricultural sector in 2011-12?
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49%
In 2011-12, 48.9% (approximately 49%) of the population was employed in the agricultural sector, showing a decline from 72.1% in 1951.
Which characteristics are typical of India as a developing economy? (Select all correct answers)
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High growth rate after 1991, Declining share of agriculture in GDP, Increasing service sector contribution
India shows developing economy characteristics: growth rate above 6.8% after 1991 reforms, agriculture's GDP share declined from 53.1% (1950-51) to 17.6% (2014-15), and service sector increased to 52.7%. However, literacy is 73% and poverty still exists at 21.9%.
What were the main export items of ancient India? (Select all correct answers)
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Cotton and muslin, Spices, Indigo
Ancient India was famous for trade in cotton, muslin, indigo, spices, and metallurgy. Computer software is a modern export item, not from ancient times.
The literacy rate in India increased from 18.33% in 1951 to what percentage in 2011?
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73%
The literacy rate which was 18.33% in 1951, rose to 73% in 2011 according to the Economic Survey, showing significant improvement in education.
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