Subject: Economics
Book: Comprehensive Indian Economy
Investment in R&D fosters technological advancement, higher productivity, and global competitiveness. India’s R&D spend remains modest compared to developed nations, concentrated in defense and space. Private sector involvement is growing in pharmaceuticals, IT, and automotive sectors. Government initiatives like Make in India, Atal Innovation Mission, and dedicated innovation labs encourage startups, but bridging lab-to-market gaps remains a challenge. Exam queries might revolve around IPR regimes, venture capital ecosystems, and the link between university research and commercial products. Strengthening patent enforcement and building a robust knowledge economy is a strategic imperative for higher-value exports.
What does the term “national income” refer to?
View QuestionWhich of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhat is “open market operations” (OMO)?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhich of the following is NOT an example of a direct tax?
View QuestionWhat is “CRR” in banking terminology?
View QuestionWhich of the following best describes “capital formation”?
View QuestionWhat is the main objective of disinvestment in public sector undertakings (PSUs)?
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