Topic Details (Notes format)

Bioeconomy and Biotech Sector

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

India’s biotech potential extends to pharmaceuticals, agribiotech, and industrial enzymes. Initiatives strive to create biotech parks, encourage R&D, and attract global venture capital. For exam preparation, highlight how genetic engineering in seeds can raise yields, or how biotech helps produce vaccines, nutraceuticals, and industrial fermentation products. Intellectual property frameworks, skill gaps in advanced research, and ethical questions around GM crops or gene editing also appear in policy discussions.

Practice Questions

Which organization publishes the Human Development Index (HDI)?

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What is the “law of diminishing marginal utility”?

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Which of the following statements best defines Gross Domestic Product (GDP)?

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What is the term for the ability of an economy to produce more output from the same inputs?

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What is the meaning of “dumping” in international trade?

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Which of the following is NOT an example of a direct tax?

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What is meant by “stagflation”?

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What does “inclusive banking” mean?

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What does the term "depreciation" refer to in the context of assets?

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What is the meaning of “disguised unemployment”?

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