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Indian Economy: Growth and Transformation
Social Science · Kerala SSLC (Class 10) · English Medium · 36 questions and answers
Sample questions
- Q: What is national income?
- A: National income is the total money value of all the goods and services produced by a country during a year.
- Q: What is Gross Domestic Product (GDP)?
- A: GDP is the total money value of all final goods and services produced within a country during one year.
- Q: What is the public sector?
- A: The public sector consists of enterprises that are owned and run by the government.
- Q: What is the private sector?
- A: The private sector consists of enterprises that are owned and run by private individuals or companies for profit.
- Q: In which year were the major economic reforms introduced in India?
- A: The major economic reforms were introduced in India in 1991.
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