Generally, an economy is considered underdeveloped if:

CA Foundation · Business Economics · MTP · April 2025
Generally, an economy is considered underdeveloped if:
(A) A. the standard of living of people is low and productivity is also considerably low.
(B) B. agriculture is the main occupation of the people and productivity in agriculture is quite low
(C) C. the production techniques are backward
(D) D. all of the above

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. all of the above

Topics: Indian Economy

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