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 is the “law of diminishing marginal utility”?
View QuestionWhat is the main purpose of monetary policy?
View QuestionWhat is meant by “liquidity trap”?
View QuestionWhat is the term for goods that are used together, such as cars and fuel?
View QuestionWhich of the following is NOT a function of the World Trade Organization (WTO)?
View QuestionWhat does the term “elasticity of demand” measure?
View QuestionWhat is “inclusive growth”?
View QuestionWhat is “inflation targeting”?
View QuestionWhich organization is responsible for estimating India’s Gross Domestic Product (GDP)?
View QuestionWhich of the following is considered a public good?
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