SSC Economics Sample Paper NCERT Sample Paper-6

  • question_answer
    Which among the following is /are characters of Dual Economy?
     Existence of Agriculture and Industry
     Existence of commercial agriculture with subsistence farming
     Modern industry and commercial agriculture with subsistence farming and traditional handicraft.

    A)  A and B only   

    B)  A and C only

    C)  B and C only

    D) A, B and C

    Correct Answer: D

    Solution :

    [d] A dual economy refers to the existence of two distinct types of economic segments within an economy. This involves: A capitalist based manufacturing sector (geared towards global markets) Labour intensive agricultural sector (low productivity, geared towards subsistence farming or local markets)

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