Question

Which of the following is not a characteristic of the Indian economy?

• A. Primacy of agriculture
• B. Balance between heavy industry and wage goods
• C. Population pressure
• D. Low per capita income

Hint:

Think about the actual relationship between heavy industry investment and consumer goods production in India's planning history.

Answer 1

The Correct Option is B

This question lists common features associated with a developing economy like India and asks which one does not actually apply.

1. Primacy of agriculture: correct characteristic, agriculture still employs a large portion of India's workforce.
2. Balance between heavy industry and wage goods: not a real feature, India's planning history shows the opposite, an imbalance where heavy industry was prioritised over wage goods industries producing everyday consumer items.
3. Population pressure: correct characteristic, India's large population puts constant pressure on land, jobs and resources.
4. Low per capita income: correct characteristic, India's per capita income has historically stayed low compared to developed nations.

Because balance between heavy industry and wage goods does not describe the Indian economy, option B is the right choice.