Topic Details (Notes format)

Make in India 2.0

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

An evolved push for domestic manufacturing competitiveness, targeting emerging sectors like semiconductors, medical devices, and advanced electronics. Emphasizes building a robust ecosystem—R&D, skilled labor, and stable policy frameworks. Students should explore how production-linked incentive (PLI) schemes aim to attract global supply chains relocating from other nations. Key success hinges on infrastructure improvements and bridging cost disadvantages, ensuring scale and quality for global markets.

Practice Questions

What does the term “elasticity of demand” measure?

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What is “inclusive growth”?

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

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What is meant by the term “current account deficit”?

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Which of the following is a feature of monopolistic competition?

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

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

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Which economic concept is described as “the next best alternative foregone”?

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What does the “Human Development Index” measure?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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