This quiz works best with JavaScript enabled. Home > Cbse > Class 11 > Commerce > Economics Indian Economic Development > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 10 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Reforms were introduced during A) 1994. B) 1992. C) 1993. D) 1991. Show Answer Correct Answer: D) 1991. 2. The 'Mahalanobis Model' formed the basis of which Five-Year Plan in India? A) Second Five-Year Plan. B) Fourth Five-Year Plan. C) First Five-Year Plan. D) Third Five-Year Plan. Show Answer Correct Answer: A) Second Five-Year Plan. 3. Name one functioning activity of the Tertiary sector? A) This sector gradually became associated with the different kinds of industries. B) Goods that are produced would need to be transported by trucks or trains and then sold in wholesale and retail shops. C) Activities in which natural products are changed into other forms through ways of manufacturing. D) None of the above. Show Answer Correct Answer: B) Goods that are produced would need to be transported by trucks or trains and then sold in wholesale and retail shops. 4. Disinvestment is a- A) Revenue expenditure. B) Capital receipts. C) Capital expenditure. D) Revenue receipts. Show Answer Correct Answer: B) Capital receipts. 5. High population pressure, small size of holdings, dependence on monsoon are the characteristics of: A) Indian primary sector (Agriculture). B) Indian secondary sector ( Industry). C) Indian tertiary sector (Services). D) None of these. Show Answer Correct Answer: A) Indian primary sector (Agriculture). 6. Who among the following presented the first budget (interim) of Independent India? A) Morarji Desai. B) R K Shanmukham Chetty. C) Jawaharlal Nehru. D) N.D. Tiwari. Show Answer Correct Answer: B) R K Shanmukham Chetty. 7. The second phase of industrialisation in India saw a decline in the production growth rate. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 8. Shreya, Shivam, Roshni and Aditi are discussing different sectors of the economy. Transportation, Banking and Communication are examples of ..... A) Tertiary Sector. B) Secondary Sector. C) Primary Sector. D) None of the above. Show Answer Correct Answer: A) Tertiary Sector. 9. What is the main cause of the export surplus? A) The country's stringent import policy. B) Developments in national and international markets. C) The country's exports promotion value. D) None of the above. Show Answer Correct Answer: B) Developments in national and international markets. 10. As of the text's context, which country did India overtake to become the fifth-largest economy? A) United States. B) France. C) Germany. D) United Kingdom. Show Answer Correct Answer: D) United Kingdom. 11. The ..... continues to be the largest employer in India. A) Quaternary sector. B) Tertiary sector. C) Secondary sector. D) Primary sector. Show Answer Correct Answer: D) Primary sector. 12. More than half of the workers in the country are working in the primary sector, mainly in ..... A) Fishing. B) Mining. C) Agriculture. D) None of the above. Show Answer Correct Answer: C) Agriculture. 13. Who estimates the GDP of Indian economy? A) IMF. B) NSSO. C) RBI. D) CSO. Show Answer Correct Answer: D) CSO. 14. The latest devaluation of rupee was done in which of the following year? A) 1997. B) 1991. C) 1990. D) 1981. Show Answer Correct Answer: B) 1991. 15. Tata Iron and Steel Company (TISCO) was established in 1906 at Jamshednagar. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 16. Tools we use to make products A) Natural resources. B) Human resources. C) Entrepreneurs. D) Capital resources. Show Answer Correct Answer: D) Capital resources. 17. In a market economy, is also called as ..... , only those consumer goods will be produced that are in Demand. A) Capitalism. B) Socialism. C) Both A and B. D) None of these above. Show Answer Correct Answer: A) Capitalism. 18. Selected areas created and are equipped with world class facilities are called ..... A) Special Economic Zones. B) Electronic Capital. C) IT centers. D) None of the above. Show Answer Correct Answer: A) Special Economic Zones. 19. Industrialisation started in India during the early 19th century. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Perspective plan is a A) Short term plan. B) Long term plan. C) All the above. D) None of the above. Show Answer Correct Answer: B) Long term plan. 21. ..... refers to an arrangement by which central problems of an economy are solved. A) Mixed Economy. B) Socialist economy. C) Modernisation. D) Economic System. Show Answer Correct Answer: D) Economic System. 22. The central problems of an economy are: A) What to produce. B) How to produce. C) For whom to produce. D) All of these. Show Answer Correct Answer: D) All of these. 23. Who developed the concept of disguised unemployment? A) John Keynes. B) John Keynes. C) John Robinson. D) Alfred Marshall. Show Answer Correct Answer: C) John Robinson. 24. What reflects the size of an economy for a country? A) Central Ministry. B) PWD. C) Planning Commission. D) GDP. Show Answer Correct Answer: D) GDP. 25. Which institution replaced the Planning Commission? A) NITI Aayog. B) Planning Bureau. C) SEBI. D) None of these. Show Answer Correct Answer: A) NITI Aayog. 26. Which organisation India undertakes the task of measuring GDP A) Central government ministry. B) State government. C) Both of these. D) None of these. Show Answer Correct Answer: A) Central government ministry. 27. At independence, the Indian economy was primarily: A) Service-based. B) Technology-based. C) Agrarian. D) Industrial. Show Answer Correct Answer: C) Agrarian. 28. Adopting of new technology in the production of goods and services to increase the output is called ..... A) Economic Growth. B) Economic Welfare. C) Equity. D) Modernisation. Show Answer Correct Answer: D) Modernisation. 29. Following was not the risk associated with use of HYV seeds technology A) Pest attack. B) Excess supply of food grain. C) Widening inequalities between rich and small farmers. D) Rich farmers reaping most of the benefits. Show Answer Correct Answer: B) Excess supply of food grain. 30. Which economic system appealed to Jawaharlal Nehru the most? A) Mixed economy. B) Free economy. C) Socialist economy. D) Capitalist economy. Show Answer Correct Answer: C) Socialist economy. 31. Escheats is an example of: A) Revenue Expenditure. B) Capital Receipts. C) Revenue Receipts. D) Capital Expenditure. Show Answer Correct Answer: C) Revenue Receipts. 32. Which one of the central problem of an Economy A) What to produce. B) How to Produce. C) For whom to produce. D) All of these. Show Answer Correct Answer: D) All of these. 33. Arrange the following in the correct sequence:(i) Transporting cloth to the workshops (ii) Sale in shops and showrooms(iii) Spinning the yarn(iv) Weaving of the fabric A) (iii). (iv). (i), (ii). B) (iv). (i), (ii), (iii). C) (i), (iv). (iii), (ii). D) (iii), (iv). (ii), (i). Show Answer Correct Answer: A) (iii). (iv). (i), (ii). 34. When was ASEAN established? A) 1967. B) 1985. C) 1996. D) 1963. Show Answer Correct Answer: A) 1967. 35. Development expenditure of the Central government does not include A) Defence expenditure. B) Expenditure on economic services. C) Expenditure on social and community services. D) Grant to states. Show Answer Correct Answer: A) Defence expenditure. 36. The ..... sector is characterised by small and scattered units which are largely outside the control of the government. A) Primary. B) Organised. C) Unorganised. D) Public. Show Answer Correct Answer: C) Unorganised. 37. First phase of Green Revolution implemented in ..... A) Mid 70s to Mid 80s. B) Mid 60s to Mid 70s. C) Mid 80s to Mid 90s. D) None of these days. Show Answer Correct Answer: B) Mid 60s to Mid 70s. 38. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956? A) 2. B) 21. C) 17. D) 15. Show Answer Correct Answer: C) 17. 39. Which sector has grown the most over forty years? A) Primary. B) Tertiary. C) Secondary. D) None of the above. Show Answer Correct Answer: B) Tertiary. 40. ..... implies either a larger stock of productive capital, or a larger size of supporting services like transport and banking, or an increase in the efficiency of productive capital and services A) Growth. B) Self-reliance. C) Modernisation. D) Equity. Show Answer Correct Answer: A) Growth. 41. Who is the youngest billionaire in the Forbes top 20 richest list? A) Elon Musk. B) Mukesh Ambani. C) Larry Page. D) Mark Zuckerberg. Show Answer Correct Answer: D) Mark Zuckerberg. 42. What was the percentage of GDP represented by foreign direct investment (FDI) in India since 2008? A) 6%. B) 2.5%. C) 3.6%. D) 1.4%. Show Answer Correct Answer: D) 1.4%. 43. Which Indian sector contributes over 50% to the GDP and is a major source of employment? A) Mining. B) Service. C) Agriculture. D) Manufacturing. Show Answer Correct Answer: B) Service. 44. The Industrial Policy Resolution of 1956 categorized industries into: A) 1. B) 2. C) 4. D) 3. Show Answer Correct Answer: D) 3. 45. Indian farmers need credit for purchasing seeds, fertilizers, etc. for a period of less than 15 months. Such loans are repaid after harvest, such type of credit is called A) Short term credit. B) Medium term credit. C) Long term credit. D) None of these. Show Answer Correct Answer: A) Short term credit. 46. What is the range of the Human Development Index? A) 50-99. B) 0-1. C) 0-100. D) 99-100. Show Answer Correct Answer: B) 0-1. 47. What is the primary mode of transportation in India, carrying almost 85% of passenger traffic? A) Subway system. B) Railways. C) Railways. D) Airways. Show Answer Correct Answer: B) Railways. 48. What is the main problem associated with the development of waterways in India? A) Congestion. B) Environmental impact. C) Inefficient operations. D) Lack of skilled personnel. Show Answer Correct Answer: B) Environmental impact. 49. The sector of the economy that has become the least contributor to GDP in recent years is A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of the above. Show Answer Correct Answer: A) Primary sector. 50. It refers to increase in the country's capacity to produce the output of goods and services within the country. A) Growth. B) Modernisation. C) Development. D) Production. Show Answer Correct Answer: A) Growth. 51. In which of the following state did land reforms succeed the most? A) Tamil Nadu. B) Punjab. C) West Bengal. D) Haryana. Show Answer Correct Answer: C) West Bengal. 52. Who among the following used the term "GREEN REVOLUTION" in India A) M.S.Swaminathan. B) V.K.R.V.Rao. C) M.S.Krishnamoorthy. D) Raj krishna. Show Answer Correct Answer: A) M.S.Swaminathan. 53. How much does it cost to make a 1 rupee coin? A) ₹ 1. B) ₹ 0.78. C) ₹ 6. D) ₹ 1.11. Show Answer Correct Answer: D) ₹ 1.11. 54. Industrialisation in India has primarily led to a decrease in the standard of living for the majority of people. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 55. NITI Aayog replaced the Planning Commission in: A) 2015. B) 2010. C) 2018. D) 2000. Show Answer Correct Answer: A) 2015. 56. Disinvestments programme was started in A) 1993-94. B) 1992-93. C) 1990-91. D) 1991-92. Show Answer Correct Answer: D) 1991-92. 57. What was a goal of self-reliance in the Five-Year Plans? A) Avoiding imports of goods. B) Increase foreign dependence. C) Decrease domestic production. D) Increase foreign imports. Show Answer Correct Answer: A) Avoiding imports of goods. 58. GDP is the sum of the value of ..... goods and services produced in a particular year by all the three sectors A) Tertiary. B) Primary. C) Final. D) Secondary. Show Answer Correct Answer: C) Final. 59. The relationship between agricultural output and one major input is called A) National income. B) Agricultural credit. C) Agricultural Marketing. D) Agricultural productivity. Show Answer Correct Answer: D) Agricultural productivity. 60. Which of the following state did not used HYV seeds? A) Orissa. B) Andhra Pradesh. C) Tamil Nadu. D) Punjab. Show Answer Correct Answer: A) Orissa. ← PreviousNext →Related QuizzesCommerce QuizzesClass 11 QuizzesClass 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 1Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 2Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 3Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 4Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 5Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 6Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 7Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books