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Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 5 (60 MCQs)

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1. If RBI reduces the cash reserve ratio, what will happen to the credit creation?
2. Schedule ..... comprise of industries which would be exclusively owned by the state:
3. Assertion:-As per Industrial policy-1956, the industries classified into 3 groups.Reason:-Directly or indirectly all the industries were under the control of the Government.
4. India changed over to the decimal system of coinage in
5. Assertion (A):Not every goods or services that is produced and sold needs to be counted to know the total production in each sector.Reason (R):The value of final goods already includes the value of all the intermediate goods.
6. NO.16 HYVP REMAINED CONFINED TO WHICH FIVE CROPS .....
7. A direct tax is a tax which is imposed on.
8. The central banking functions in India are performed by the
9. How are goods produced in the agriculture and related sector?
10. We classify economic activities into on organised and unorganised sector on the basis of
11. India's trade in services recorded substantial growth, contributing to inclusive economic processes.
12. At the initial stage of development, which sector was the important?
13. Most of the workers in ..... sector enjoy job security.
14. ..... is also called Tertiary sector.
15. Which sector contributes the most income to India's economy?
16. Which of the following statements are true regarding the unorganised sector?
17. What is the currency of Brazil?
18. Which sector is called service sector
19. What was abolished as a result of land reforms?
20. The IPR 1956 made the basis of which five-year plan?
21. Who is the richest person in the world in July 2020?
22. NO.12 WHO PRESENTED THE FIRST FIVE YEAR PLAN
23. Name the organisation that was formed by the initiative of some developed countries .....
24. Which of the following is the reason for the backwardsness of agriculture in India?
25. The sectors are classified into public and private sector on the basis of:a. b. c. d.
26. Which is the most devloped state/Union Territory in India?
27. Capilalist is controlled and operated by
28. Identify which of the following is not the reason for introducing economic reforms in India?
29. Mahalanobis ideas were used in ..... five-year plan.
30. What is the youth unemployment rate in India according to the text?
31. Sushila is a worker in garment export industry of Agra. She gets facilities like health insurance provident fund, overtime at a double rate, medical leave, etc. She is working in:
32. When more people are engaged in a work than required-what does it indicate to?
33. Quotas are a tax on imported goods while tariffs specify the number of goods which can be imported.
34. Under Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned and controlled by the private sector and the state.
35. The aviation industry in India is projected to increase six-fold to 5.1 billion passengers by 2040.
36. The concept of Goods and Services Tax (GST) is originated in
37. Tariffs and quotas perfect under industrial policy resolution 1956 was an objective of
38. Price support policy focuses on:
39. Which economic indicator shows the overall size of a country's economy?
40. The legislation of land ceiling to bring land reforms in India were successful in which two states?
41. Full form of FERA
42. For up to how many Rupees will there be in 'No Global tenders for Government tenders'?
43. What is the purpose of the journal 'Sankhya' started by Mahalanobis?
44. What is current inflation rate in India?
45. Which sector employs a mojority of people in India?
46. Cotton is a ..... product and cloth is a ..... product.
47. The portion of agricultural produce which is sold in the market by farmers is called:
48. The "License Raj" is associated with which policy period?
49. Assertion:India's growth rate accelerated post-1980.Reason:Liberalization policies started in 1991.
50. When was NITI Aayog established?
51. For how many days employment assurance has been provided under NREGA Act?
52. GREATER THE DEVELOPMENT OF THE PRIMARY AND SECONDARY SECTORS, ..... WOULD BE THE DEMAND FOR SUCH SERVICES?
53. NREGA STANDS FOR .....
54. Which sector includes activities related to providing services rather than producing goods?
55. What is the main objective of the 'Make in India' initiative?
56. The railway network in India is the first largest and second busiest in the world.
57. Assertion (A):PC Mahalanobis is known as architect of Indian planning.Reason (R):In real sense, planning began with second five year plan based on ideas Mahalanobis.
58. In which years did the Fourth and final phase of the Industrial Revolution start in India?
59. What is India's debt-to-GDP ratio as mentioned in the text?
60. NO. 8 ALL THE STATES GOVT IMPOSED LAND CEILING IN 1960 EXCEPT
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