Topic Details (Notes format)

Role of Innovation, Sustainability, and Global Integration

Subject: Economics

Book: Comprehensive Indian Economy

As India aspires to higher growth, long-term success hinges on integrating innovation-led models, sustainable resource use, and deeper global engagement. Innovation fosters product diversification, brand value, and resilience against global shocks. Sustainability secures resource availability for future generations, reflecting the synergy of environmental consciousness and economic planning. Global integration expands exports and inflows of capital/technology but demands competitiveness and compliance with international standards. For final exam outlines, emphasize a holistic vision: bridging agriculture-industry-service linkages, adopting circular economy principles, and shaping foreign policy that aligns with domestic development goals.

Practice Questions

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

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Which of the following is NOT a component of Aggregate Demand?

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What is meant by “structural unemployment”?

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

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

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Which of the following statements best defines Gross Domestic Product (GDP)?

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What is the objective of the Goods and Services Tax (GST)?

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What does the term “capital account” refer to in the balance of payments?

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What is the primary goal of a progressive tax system?

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Which of the following is a feature of monopolistic competition?

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