Detailed explanation will be added soon. In the meantime, you can practice more questions from UPSC CSE 2016 Mains or browse the complete PYQ collection.
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.
More Economy questions
From across UPSC, JKPSC, and JKSSB papers — same subject, different years.
The craze for gold in Indians has led to a surge in import of gold in recent years and put pressure on the balance of payments and extern...
How would the recent phenomena of protectionism and currency manipulations in world trade effect macroeconomic stability of India?
Different countries are classified at different levels of development. On which of the following criteria are countries classified as dev...
Which one of the following pairs of semiconductor plants in India and their locations is not correctly matched?
Do you agree that the Indian economy has recently experienced V-shaped recovery? Give reasons in support of your answer.