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 the meaning of “disguised unemployment”?

View Question

What is “inflation targeting”?

View Question

What is the term for the price at which demand and supply in a market are equal?

View Question

What is the main purpose of monetary policy?

View Question

What does the term “elasticity of demand” measure?

View Question

What does “primary sector” of the economy include?

View Question

What is the meaning of "fiscal deficit"?

View Question

Which of the following is a direct tax?

View Question

Which of the following is an example of a renewable resource?

View Question

What is the main function of the Reserve Bank of India (RBI)?

View Question