Q. The salient features of Indian Economy include which of the following:

1. Low per capita income
2. Unemployment
3. Strong fiscal situation
4. Lack of Natural resources

Choose the correct option from the codes given below:
Answer: 1 and 2
Notes: Indian economy is a developing economy and it’s salient features include 1. Low per capita income 2. Abundant unemployment 3. Low efficiency of labor 4. Low rate of capital formation 5. Income disparity 6.Market imperfection etc.
India Doesn’t have a strong fiscal situation and natural resources are abundant in India. So statement (3) and (4) are not correct.

This question is part of UPSC Daily 20 MCQ Series Course on GKToday Android app.