Economics • Economic BasicsHard
In analyzing the dual economy structure of Uttarakhand, which economic dichotomy is most prominent between the Garhwal/Kumaon hill tracts and the Tarai/Bhabar plains?
A. High-tech semiconductor fabrication in hills versus subsistence pastoralism in plains
B. Subsistence terrace agriculture and remittance-dependent households in hills versus mechanized commercial agriculture and large manufacturing in plains
C. Nomadic trading economies in hills versus maritime shipping in plains✓ Correct Answer
D. Zero monetization in hills versus cryptocurrency dominance in plains
💡 Solution & Explanation
The economy of Uttarakhand exhibits a distinct dualism where the hill tracts rely heavily on subsistence terrace farming, remittances, and small-scale tourism, whereas the Tarai and Bhabar plains feature capital-intensive mechanized agriculture and large industrial clusters. Bridging this regional disparity remains a core objective of state planning. Plain districts contribute disproportionately to the industrial output of the state.
More Economics Economic Basics questions
- Which of the following describes the economic phenomenon where an increase in autonomous spending leads to a…
- In the context of international trade theory, what does 'Purchasing Power Parity (PPP)' assert?
- In the context of the Hicksian demand function, how does it differ from the Marshallian demand function?
- How does the phenomenon of disguised unemployment manifest within the traditional agrarian framework of rural…
- What does the 'Euler's Theorem on Product Exhaustion' state in distribution theory?