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UPPSC PCS 2024 · Question 115 of 150

With reference to Economic Growth, which of the following statements is/are correct? 1. Indian Economy is an Underdeveloped Economy. 2. Indian Economy is a Mixed Economy. 3. J.M. Keynes is the Father of Economics. Select the correct answer from the codes given below:

Economy

  1. AOnly 1 and 2 are correct.Correct
  2. BOnly 3 is correct.
  3. COnly 1 is correct.
  4. DOnly 2 and 3 are correct.

Answer: A. Only 1 and 2 are correct.

Explanation

Indian Economy is an Underdeveloped Economy: Correct. Despite progress, India is still considered underdeveloped in some aspects, such as per capita income and infrastructure.

Source: edurev.in UPPSC Prelims 2024 GS Paper I (English); answers per selfstudywala.com detailed solution based on UPPCS official answer key

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