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 is the significance of “Purchasing Power Parity” (PPP)?

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Which of the following measures can reduce a trade deficit?

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Which is the largest source of tax revenue for the Government of India?

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What is the primary goal of a progressive tax system?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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

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Which of the following measures is most effective in controlling inflation?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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What is meant by “marginal propensity to consume”?

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Which of the following is NOT an example of an indirect tax?

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