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

What is meant by “structural unemployment”?

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Which of the following causes demand-pull inflation?

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What is “open market operations” (OMO)?

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Which of the following is NOT a component of Aggregate Demand?

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What does “Laissez-faire” policy advocate?

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Which of the following sectors contributes the most to India’s GDP?

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Which of the following is a feature of a command economy?

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What is “inflation targeting”?

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What is “currency devaluation”?

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Which organization is responsible for estimating India’s Gross Domestic Product (GDP)?

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