Multiple Choice Questions on The economy of Uttarakhand is known as ........ for State General Knowledge (GK) Preparation

Economy

Uttarakhand

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Indian Economy - Understanding the basics of Indian economic system

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    The economy of Uttarakhand is known as ?

    Stable Economy 

    Incorrect Answer

    Money Order Economy

    Correct Answer

    Borrowed Economy

    Incorrect Answer

    Unstable Economy

    Incorrect Answer
    Explanation:

    Uttarakhand, whose economy was once driven by money orders sent by soldiers and other employees from outside the hill state, is finally reaping the fruits of concessions granted by the Central Government from 2003 to encourage industries to set up shop. The concessions were finally withdrawn in 2010, but in those seven years, several industrial units had come up on vast tracts of land in areas such as Udham Singh Nagar, Haridwar and Dehradun in the state. This, in turn, has led to prosperity and the consequent creation of assets.


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