Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 2 (60 MCQs)

Quiz Instructions

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1. One of the main goals of the Industrial Policy Resolution of 1956 was to:
2. What is the role of the private sector in a mixed economy?
3. Who is the current finance minister of India?
4. Which of the following statements is correct about the National Development Council (NDC)?
5. The rate which the income tax is imposed in India is called
6. A developing country like india still doesnt have access to developed countries markets because of
7. The first phase of India's industrialisation focused on heavy industries such as iron, steel, and machine-building sectors.
8. In which year first official census was undertaken in India?
9. Green Revolution require huge investment .....
10. The sector in which the ownership of assets and delivery of services isin the hands of individuals is called.
11. When was R.B.I. nationalised?
12. Evaluate the below statements related to land reforms.i) Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the owners of land.ii) The purpose of land ceiling was to keep the concentration of land ownership in the hands of a selected few.Which of the above are correct?
13. What option does the central government not include in the development expenditure?
14. What was the purpose of the Industrial Policy Revolution 1956?
15. Who introduced Permanent Settlement system?
16. The first five year plan was launched for a period from
17. The first phase of green revolution spanned approximately between
18. The Industrial Policy Resolution was adopted in .....
19. What was the deficit of India's current-account balance as a percentage of GDP?
20. Why was the World Bank established?
21. Which seeds are called miracle seeds?
22. WHO CARRIES ECONOMIC ACTIVITIES?
23. Abolition of intermediaries and land ceiling are part of:
24. Public sector enterprises are driver largly by considaration of:
25. In which year new economic reforms introduced in India?
26. A MAN WORKS AT RESTAURANT ON A CONTRACT BASIS AN GETS MEAGRE SALARY AFTER WORKING THE ENTIRE DAY. HE DOESN'T GET ANY HOLIDAYS OR PAID LEAVES, RATHER HIS EMPLOYER DEDUCTS HIS SALARY WHENEVER HE IS ABSENT FROM HIS WORK. FIND OUT IN WHICH OF THE FOLLOWING SECTORS HE IS WORKING?
27. What is the year of India's 12th 5-year plan?
28. Name the journal started by Mahalanobis.
29. If a person is ready to work at the prevailing wage rate in the market, but he is unable to find the work, then what type of unemployment would it be called?
30. Schedule B of IPR 1956 includes:
31. What is the right formula to know the unemployment rate?
32. What is the other name of Permanent settlement?
33. Five year plan idea was adopted from which country
34. Subsistence farming is a form of farming in which the crops are produced to provide for the basic needs of the .....
35. Which of the following was a part of the green revolution strategy?
36. Investments made in a country by Multi National Companies is called .....
37. The policy makers of independent India tried to bring in growth and equity in the agriculture sector through:i) Bringing in land Reformsii) Without using any 'High Yielding Variety' (HYV) seedsWhich of the above are correct?
38. Lack of skilled personnel is not considered a problem for industrial development in India.
39. The Agrarian Reforms wanted better "technology" like tractors and other machines.
40. The overall Literacy level during British Period was
41. How much Emergency Working Capital Facility for Businesses, including MSMEs is announced?
42. How much statutory PF contribution of both employer and employee is reduced under the Aatma Nirbhar Bharat Abhiyaan?
43. Jawahar Rojgar Yojna was launched in:
44. The activity of buying and selling of raw materials or finished goods in the market is known as
45. What type of economy involves production mainly for foreign markets?
46. A study conducted by the planning commission estimates that the following no of jobs can be created in the education sector alone.
47. Which bank is called lender of last resort?
48. Who is the Chairman of the Planning Commission?
49. The following sector is the largest contributor to Employment?
50. The sectors are classified into organized and Unorganized sector on the basis of:
51. Private sector works for
52. Which of the following is the main motive of the government behind the introduction of the Goods and Services Tax
53. NO. 6 FIRST TIME THE OBJECTIVE OF SELF RELIANCE WAS INCORPORATED IN THE ..... FIVE YEAR PLAN
54. The portion of agricultural produce which is sold in the market by the farmers is known as,
55. Under NREGA 2005, all those who are able to and are in need of work are guaranteed ..... of employment in a year by the government.
56. The objective of the Industrial Credit and Investment Corporation of India (ICICI) is primarily to operate as a commercial bank.
57. The concept of five year plan in India was introduced by
58. With 'Green Revolution', India could increased manifold the production of which commodity?
59. NO.18 GREEN REVOLUTION RESULTING FROM .....
60. Countries impose restriction or barrier on foreign trade by .....