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Economy
Q1.
Consider the statements: 1: The Production Possibility Frontier (PPF) shows the trade-offs and opportunity costs faced by an economy. 2: The PPF is used to estimate the government's total revenue and expenditure.
Q2.
A key component evaluated by the 2025 Index of Economic Freedom concerning "Government Size" is:
Q3.
Which Five-Year Plan focused on heavy industries?
Q4.
Economic liberalisation mainly affects which sector?
Q5.
Assertion (A): The 1991 reforms boosted India foreign exchange reserves significantly. Reason (R): Liberalised trade policies increased both exports and capital inflows.