GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Back ward economy is the one which shows:
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high growth in income.
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low level of productivity.
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slow growth in income.
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both (a) and (b)
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Explanation:
Detailed explanation-1: -The high rural-urban ratio of India’s population, owing to the country’s growing reliance on agriculture, was another indicator of economic backwardness. In 1951, nearly 82.3% of the population lived in rural areas. In 1901, 63.7 percent of Indians relied on agriculture; by 1941, that number had risen to 70 percent.
Detailed explanation-2: -Indian economy is a mixed economy because here both private and public sector co-exist and both work under the general guidance of economic planning.
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