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 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 8 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Under Import substitution trade policy: A) Instead of exporting vehicles made in india to foreign countries, industries would be encouraged to import them. B) Instead of importing vehicles made in a foreign country, industries would be encouraged to produce them in India itself. C) All the above. D) None of the above. Show Answer Correct Answer: B) Instead of importing vehicles made in a foreign country, industries would be encouraged to produce them in India itself. 2. Tertiary sector is called the service sector as A) It does not produce goods but provide services to all the sectors. B) It provides the interlink or inter connectivity between all the sectors. C) It provides the support that is needed by both secondary and primary sector to contribute to the GDP. D) All the above options are true to the given statement. Show Answer Correct Answer: D) All the above options are true to the given statement. 3. What is India's public expenditure on health care as a percentage of GDP? A) 2.5%. B) 0.8%. C) 3%. D) 1.3%. Show Answer Correct Answer: D) 1.3%. 4. Which state initiated the eradication of Zamindari system? A) Bengal. B) Maharashtra. C) Uttar Pradesh. D) Bihar. Show Answer Correct Answer: C) Uttar Pradesh. 5. Tariffs and quotas adopted under industrial policy was to ..... A) Increase export. B) Make exported goods cheaper. C) Increase foreign competition. D) Restrict imports and protect domestic firms from foreign competition. Show Answer Correct Answer: D) Restrict imports and protect domestic firms from foreign competition. 6. Which among the following most appropriately describes underemployment? A) Workers are not willing to work. B) Workers are not paid as per their work. C) Workers are working less than what they are capable of doing. D) Workers are not skilled. Show Answer Correct Answer: C) Workers are working less than what they are capable of doing. 7. India is a developed country? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 8. NO.7 THE NEW AGRICULTURE STRATEGY WAS ADOPTED IN INDIA DURING THE A) 3 PLAN. B) 2 PLAN. C) 4 PLAN. D) 5 PLAN. Show Answer Correct Answer: A) 3 PLAN. 9. What is the primary function of the Industrial Reconstruction Bank of India (IRBI)? A) Offering educational scholarships to students. B) Providing healthcare services to rural communities. C) Provide financial assistance for the reconstruction and rehabilitation of industrial units. D) Supporting environmental conservation projects. Show Answer Correct Answer: C) Provide financial assistance for the reconstruction and rehabilitation of industrial units. 10. What is the maximum age for being eligible as a child under The Child Labour (Prohibition and Regulation) Act, 1986? A) 18 years. B) 12 years. C) 14 years. D) 16 years. Show Answer Correct Answer: C) 14 years. 11. Workers in ..... sector are under-employed. A) IT. B) Agricultural. C) Manufacturing. D) None of the above. Show Answer Correct Answer: B) Agricultural. 12. Two or more villages combined to pay land revenue. A) Diwanis. B) Zamins. C) Ryots. D) Mahals. Show Answer Correct Answer: D) Mahals. 13. The Union Budget 2020-21 aims:I. To achieve seamless delivery through digital governance. II. To improve the physical quality of life through national infrastructure pipeline A) Only II. B) Only I. C) Only I, II. D) Neither I nor II. Show Answer Correct Answer: C) Only I, II. 14. Ananya, Kavya, Tara, and Ravi are discussing different sectors of the economy. Agriculture, dairy, fishing, and forestry are examples of ..... A) Tertiary Sector. B) Secondary Sector. C) Primary Sector. D) None of the above. Show Answer Correct Answer: C) Primary Sector. 15. The sectors are classified into primary, secondary and tertiary sector on the basis of: A) Employment basis. B) Ownership basis. C) Nature of activity basis. D) No of workers. Show Answer Correct Answer: C) Nature of activity basis. 16. Protection of domestic Industries took the form of A) Quota. B) Tariff. C) Both a and b. D) None of the above. Show Answer Correct Answer: C) Both a and b. 17. What was one of the problems in the industrial sector during 1950-90? A) Excessive entrepreneurship. B) Unlimited role of public sector. C) Surplus of capital goods industries. D) Regional imbalance in industrial growth. Show Answer Correct Answer: D) Regional imbalance in industrial growth. 18. What is the investment limit for small scale industries at present A) 5 crores. B) 3 Crore. C) 1 crore. D) 10 crore. Show Answer Correct Answer: A) 5 crores. 19. Eliminating subsidies will eliminate the goal or equity A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 20. Which activities come under the agriculture and related sectors? A) Using cotton fiber from the plant. B) Mineral excavation. C) Dairy. D) Selling agricultural products in the market. Show Answer Correct Answer: C) Dairy. 21. In 1955, the Karve Committee was constituted. What was the aim of Karve Committee? A) Development of public sector industries. B) Development of large scale industries. C) Development of small scale industries. D) Development of private sector industries. Show Answer Correct Answer: C) Development of small scale industries. 22. Which of the following is the apex institution which handles refinance for agriculture and rural development in India? A) SEBI. B) NABARD. C) SIDBI. D) RBI. Show Answer Correct Answer: B) NABARD. 23. Which state has highest population in India 2019? A) Delhi. B) Maharashtra. C) Rajasthan. D) Uttar pradesh. Show Answer Correct Answer: D) Uttar pradesh. 24. Tertiary sector has become an immportant part of Indian Economy on account of A) Development of agriculture and industry. B) Rise in levels off income. C) Both (a) and (b). D) None of the above. Show Answer Correct Answer: C) Both (a) and (b). 25. THE NUMBER OF DAYS OF EMPLOYMENT GUARANTEE BY GOVERNMENT AS PER NREGA 2005 IS A) 120 DAYS. B) 150 DAYS. C) 100 DAYS. D) 80 DAYS. Show Answer Correct Answer: C) 100 DAYS. 26. What is the main challenge mentioned in achieving the goals of the Five-Year Plans? A) Lack of resources. B) Conflicting goals. C) Economic recession. D) Political instability. Show Answer Correct Answer: B) Conflicting goals. 27. NO.9 IN WHICH YEAR INDIA ADOPTED HYVP A) 1964. B) 1965. C) 1963. D) 1966. Show Answer Correct Answer: D) 1966. 28. What is the duration of plan period in India? A) 10. B) 3. C) 5. D) 2. Show Answer Correct Answer: C) 5. 29. In the years ..... tertiary sector replaced the primary sector as the largest ..... sector in India. A) 2013-14; Employing. B) 2013-14; Producing. C) 1973-74; Producing. D) 2012-13; Employing. Show Answer Correct Answer: B) 2013-14; Producing. 30. Which of the following is not true for small scale industries A) SSI shows locational flexibility. B) SSI is labour-intensive. C) Small scale industries promote equity. D) Small scale industries is capital intensive. Show Answer Correct Answer: D) Small scale industries is capital intensive. 31. WHY I THE SECONDARY SECTOR LATER BECOME THE MOST IMPORTANT SECTOR? A) A & B. B) PEOPLE BEGAN TO USE MANY MORE GOODS THAT WERE PRODUCE IN FACTORIES AT CHEAP RATES. C) EMPLOYMENT INCREASED. D) AGRICULTURE DECLINED. Show Answer Correct Answer: A) A & B. 32. NITI Aayog was formed on? A) 1 July 2015. B) 1 January 2014. C) 1 January 2015. D) 1 July 2014. Show Answer Correct Answer: C) 1 January 2015. 33. IPR 1956 refers to A) Third Industrial Policy Resolution. B) Second Industrial Policy Resolution. C) First Industrial Policy Resolution. D) Fourth Industrial Policy Resolution. Show Answer Correct Answer: B) Second Industrial Policy Resolution. 34. When and where did the 'Green Revolution' start? A) 1950, Mexico. B) 1990, India. C) 2000, Philippines. D) 1980, Egypt. Show Answer Correct Answer: A) 1950, Mexico. 35. Planning in India started with a heavy reliance on the ..... sector. A) Public. B) Private. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Public. 36. In a developing country the government has to take responsibility for provision of ..... A) IT Services. B) Secondary Services. C) Basic Services. D) Services. Show Answer Correct Answer: C) Basic Services. 37. Which sector faced a major downfall during the reforms? A) Industrial. B) Agriculture. C) Service. D) None of the above. Show Answer Correct Answer: B) Agriculture. 38. The National Rural Employment Guarantee Act was passed by the Government of India in ..... A) 2004. B) 2005. C) 2010. D) 2014. Show Answer Correct Answer: B) 2005. 39. The nature of unemployment seen in agriculture is A) Cyclical unemployment. B) Educational unemployment. C) Voluntary unemployment. D) Disguised unemployment. Show Answer Correct Answer: D) Disguised unemployment. 40. Name the sector which continues to be the largest employer even in the year 2000. A) Secondary. B) Public. C) Primary. D) Tertiary. Show Answer Correct Answer: C) Primary. 41. Large increase in production of food grains resulting from the use of HYV seeds is called ..... A) 2 years. B) 5 years. C) 6 years. D) 3 years. Show Answer Correct Answer: B) 5 years. 42. Waterways in India have the potential to significantly contribute to the country's Agriculture sector. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 43. The portion of agricultural produce that is sold in the market by farmers is known as ..... A) Trade deficit. B) Marketed surplus. C) Import substitution. D) Subsidy. Show Answer Correct Answer: B) Marketed surplus. 44. Assertion:Food inflation impacts the urban poor the most.Reason:Urban poor spend a larger share on food. A) Both A and R are true, and R is the correct explanation. B) Both A and R are true, but R is not the correct explanation. C) A is true, R is false. D) Both A and R are false. Show Answer Correct Answer: A) Both A and R are true, and R is the correct explanation. 45. When was GST implemented? A) 2015. B) 2018. C) 2017. D) 2014. Show Answer Correct Answer: C) 2017. 46. What was one of the steps taken by the government to promote small-scale industries (SSIs)? A) Increasing import tariffs. B) Reserving production of certain products for SSIs. C) Reducing bank interest rates for all industries. D) Providing free raw materials. Show Answer Correct Answer: B) Reserving production of certain products for SSIs. 47. One of the common goals of five year plans is 'growth'. What does the growth imply? A) A large stock of productive capital. B) A large size of supporting services like transport and banking. C) An Increase in the efficiency of productive capital and services. D) All of the above. Show Answer Correct Answer: D) All of the above. 48. Special economic zones are being set up to attract A) Foreign tourists. B) Foreign investment. C) Foreign goods and services. D) Foreign policies. Show Answer Correct Answer: B) Foreign investment. 49. Who was the ex-officio chairman of the planning commission? A) Vice-President. B) President. C) Prime Minister. D) Governor. Show Answer Correct Answer: C) Prime Minister. 50. The Village and Small-Scale Industries committee also called the Karve committee was constituted for the development of small-scale industries in ..... A) 1955. B) 1954. C) 1950. D) 1956. Show Answer Correct Answer: A) 1955. 51. Who gives the final approval to the five-year plans of India? A) National Development Council (NDC). B) Ministry of Finance. C) President of India. D) Planning Commission (now NITI Aayog). Show Answer Correct Answer: A) National Development Council (NDC). 52. Poultry is concerned with A) Secondary Sector. B) Tertiary Sector. C) Primary sector. D) Organised Sector. Show Answer Correct Answer: C) Primary sector. 53. Privatization is associated with: A) Increasing public ownership. B) Nationalization. C) Reducing fiscal burden. D) License Raj. Show Answer Correct Answer: C) Reducing fiscal burden. 54. ..... gradually became the most important in total production and employment? A) Tertiary sector. B) Secondary sector. C) Public sector. D) Primary sector. Show Answer Correct Answer: A) Tertiary sector. 55. Economic growth can be measured by A) GDP. B) The CBI. C) The CPI. D) MPC. Show Answer Correct Answer: A) GDP. 56. During which years did the First Phase of Industrial Revolution in India take place? A) 1981-1991. B) 1991 onwards. C) 1965-1980. D) 1951-1965. Show Answer Correct Answer: D) 1951-1965. 57. Assertion:The Planning Commission prepared Five-Year Plans.Reason:It was responsible for centralized economic planning. A) Both A and R are true, and R is the correct explanation. B) Both A and R are true, but R is not the correct explanation. C) A is true, R is false. D) Both A and R are false. Show Answer Correct Answer: A) Both A and R are true, and R is the correct explanation. 58. What was a common sentiment among economists regarding public sector enterprises? A) Discontent with their performance. B) Satisfaction with their performance. C) Support for increased regulation. D) Preference for privatization. Show Answer Correct Answer: A) Discontent with their performance. 59. Who is current RBI governor of India? A) Duvvuri subbarao. B) Shaktikanta Das. C) Raghuram Rajan. D) Urjit patel. Show Answer Correct Answer: B) Shaktikanta Das. 60. The port which is connected to Rourkela Steel Plant and helps in the movement of raw materials and finished goods is A) Mumbai. B) Kolkata. C) Chennai. D) None of the above. Show Answer Correct Answer: B) Kolkata. ← 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books