[amp_mcq option1=”Traditional agriculture” option2=”Stagnation” option3=”Rapid diversification” option4=”Reliance on foreign aid” correct=”option3″]<\/p>\n
The correct answer is C) Rapid diversification.<\/p>\n
Karnataka’s economy is the sixth-largest state economy in India, with a nominal GDP of \u00e2\u0082\u00b910.37 lakh crore (US$140 billion) and a per capita GDP of \u00e2\u0082\u00b92.3 lakh (US$3,000) in 2020\u00e2\u0080\u009321. The state is a major producer of coffee, rice, sugar, and milk. It is also home to a number of major industries, including information technology, biotechnology, and manufacturing.<\/p>\n
In recent years, Karnataka’s economy has been growing rapidly. The state’s GDP grew at an average rate of 8.5% per year between 2011 and 2019. This growth has been driven by a number of factors, including the expansion of the IT sector, the growth of the manufacturing sector, and the development of infrastructure.<\/p>\n
Karnataka’s economy is expected to continue to grow rapidly in the coming years. The state has a number of strengths that will help it to sustain its growth, including a skilled workforce, a strong infrastructure, and a favorable investment climate.<\/p>\n
The other options are incorrect because:<\/p>\n
[amp_mcq option1=”Traditional agriculture” option2=”Stagnation” option3=”Rapid diversification” option4=”Reliance on foreign aid” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[994],"tags":[],"class_list":["post-64682","post","type-post","status-publish","format-standard","hentry","category-telangana-and-karnataka-gk-mcq","no-featured-image-padding"],"yoast_head":"\n