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 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 9 (60 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Identify the feature of the orgainised sector A) Rules and regulations are not followed. B) Workers enjoy security of employment. C) Employment is not secure. D) It does not follows some formal processes and procedure. Show Answer Correct Answer: B) Workers enjoy security of employment. 2. Farm helpers are unemployed when the cropping season is over. A) Cyclical. B) Frictional. C) Structural. D) Seasonal. Show Answer Correct Answer: D) Seasonal. 3. What was a key aspect of the mixed economic system adopted by India? A) Complete privatization. B) Complete nationalization. C) Combination of public and private sectors. D) Elimination of private sector. Show Answer Correct Answer: C) Combination of public and private sectors. 4. When did The Trade Unions Act, comeinto force? A) 01 March 1926. B) 01 April 1927. C) 1st June, 1927. D) 01 May 1929. Show Answer Correct Answer: B) 01 April 1927. 5. The very first five-year plan of India was based on the model of A) Mahalanobis model. B) Harrod Domar Model. C) Bombay Plan. D) None of these. Show Answer Correct Answer: B) Harrod Domar Model. 6. Which of the following are signals about the availability of goods? A) Market. B) Profits. C) Demands. D) Prices. Show Answer Correct Answer: D) Prices. 7. What type of unemployment is found in the agriculture sector of India? A) Disguised Unemployment. B) Voluntary unemployment. C) Frictional unemployment. D) None of the above. Show Answer Correct Answer: A) Disguised Unemployment. 8. NO. 15 INFANT MORTALITY RATE FALL DUE TO ..... A) POOR HEALTH FACILITIES. B) NO CHANGE IN HEALTH FACILITIES. C) BETTER HEALTH FACILITIES. D) ALL OF THESE. Show Answer Correct Answer: C) BETTER HEALTH FACILITIES. 9. Read the information given below and answer the questions that follow:Madhav has no regular work. Sometimes, he earns a little with some part-time work. He also has no investment capability to use own skills to earn money. In which sector Madhav is engaged? A) Unorganised sector. B) Unorganised tertiary sector. C) Organised sector. D) Joint sector. Show Answer Correct Answer: B) Unorganised tertiary sector. 10. Three Annual Plan Period started after 3th Five Year Plan A) 1955-1958. B) 1959-1962. C) 1966-1969. D) None of these. Show Answer Correct Answer: C) 1966-1969. 11. Which of the following is not an objective of Import substitution during 1950-1990? A) Protection of domestic industries from foreign competition. B) To save foreign exchange reserves. C) Decreasing taxes on all imported goods. D) Substituting imports with domestic production. Show Answer Correct Answer: C) Decreasing taxes on all imported goods. 12. Percentage of people in the unorganised sector in tertiary sector is: A) 76%. B) 95%. C) 55%. D) 67%. Show Answer Correct Answer: A) 76%. 13. Conversion of raw material into finished products is an activity of A) Primary sector. B) Secondary sector. C) Tertiary sector. D) All of the above. Show Answer Correct Answer: B) Secondary sector. 14. Medium term credit ranges: A) Less than 15 months. B) 15 months to 5 years. C) More than 5 years. D) None of these. Show Answer Correct Answer: B) 15 months to 5 years. 15. ..... have been a Major force in the globalisation process connecting distant regions of the world? A) International companies. B) Traders. C) MNCs. D) Business houses. Show Answer Correct Answer: C) MNCs. 16. Father of Green Revolution of the world A) Norman Berk. B) M.S. Swaminathan. C) Dr.Manmohan singh. D) Norman Borlaug. Show Answer Correct Answer: D) Norman Borlaug. 17. NO.11 WHEN WAS PLANNING COMMISSION ESTABLISHED A) 25 MARCH 1951. B) 20 MARCH 1951. C) 15 MARCH 1951. D) 5 MARCH 1951. Show Answer Correct Answer: C) 15 MARCH 1951. 18. What is the trade-strategy, which India adopted in the first-seven five-year plans? A) Partially inward-looking trade strategy. B) Partially outward looking trade strategy. C) Inward looking trade strategy. D) Outward looking trade strategy. Show Answer Correct Answer: C) Inward looking trade strategy. 19. Green revolution introduced during the planning process was restricted mainly to A) Wheat and rice. B) Cotton and jute. C) Cereals and pulses. D) Jawar and bajra. Show Answer Correct Answer: A) Wheat and rice. 20. How many % out of our 140 crore population pays direct income taxes? A) 2%. B) 8%. C) 12%. D) 6%. Show Answer Correct Answer: D) 6%. 21. Which agricultural season in India begins in June/July and ends in October/November? A) Kharif. B) Rabi. C) None of these. D) None of the above. Show Answer Correct Answer: A) Kharif. 22. What does the term 'Economic System' refer to? A) A method of political governance. B) A system of cultural beliefs. C) An arrangement to solve central problems of an economy. D) A type of social structure. Show Answer Correct Answer: C) An arrangement to solve central problems of an economy. 23. What percentage of India's population depends on agriculture for their livelihood? A) More than 50%. B) Less than 30%. C) Between 30-40%. D) Between 40-50%. Show Answer Correct Answer: A) More than 50%. 24. Where is the headquarters of ASEAN? A) Singapore. B) Bali. C) Manila. D) Jakarta. Show Answer Correct Answer: D) Jakarta. 25. Assertion:Capitalist economy has the motive of profit maximization.Reason:Capitalist economy has no intervention of Government. A) Both assertion and reason are true and reason is the correct explanation of assertion. B) Assertion and reason are true but reason is not the correct explanation of assertion. C) Assertion is true, reason is false. D) Assertion is false, reason is true. Show Answer Correct Answer: B) Assertion and reason are true but reason is not the correct explanation of assertion. 26. Dualism in manufacturing refers to A) Urban-rural disparity. B) Coexistence of formal and informal sectors. C) Agricultural dominance. D) Public-private partnerships. Show Answer Correct Answer: B) Coexistence of formal and informal sectors. 27. Who had formulated the Employees Provident Fund Scheme? A) The State Government. B) Medical Benefit Council. C) ESIC. D) The Central Government. Show Answer Correct Answer: D) The Central Government. 28. The main internal sources of industrial finance in India include public deposits and loans from commercial banks. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 29. How many countries of the world are currently members of the WTO? A) 164. B) 167. C) 155. D) 132. Show Answer Correct Answer: A) 164. 30. The two phases of growth refer to A) 1950-1970 and 1970-1990. B) 1950-1980 and 1980 onwards. C) 1947-1965 and 1965 onwards. D) 1980-1991 and 1991 onwards. Show Answer Correct Answer: B) 1950-1980 and 1980 onwards. 31. Who can declare a financial emergency in the country? A) Lok Sabha Speaker. B) Finance Minister of India. C) Chief Justice of Supreme Court. D) President of India. Show Answer Correct Answer: D) President of India. 32. Subsidies do not allow prices to indicate the supply of a good. True/False? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 33. Who is the current chairman of the SEBI? A) U.K. Sinha. B) Ajay Tyagi. C) T.S.Vijayan. D) A. K. Mathur. Show Answer Correct Answer: B) Ajay Tyagi. 34. Industrialisation has no impact on the development of other sectors like agriculture and transport. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 35. IPR-1956 laid emphasis on the role of ..... sector. A) Private. B) Public. C) All the above. D) None of the above. Show Answer Correct Answer: B) Public. 36. Shortage of raw cotton is not a significant problem for the textile industry in India. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 37. Which country is the fourth-largest economy in the world in terms of nominal GDP? A) Germany. B) Russia. C) Japan. D) Britain. Show Answer Correct Answer: A) Germany. 38. The Industrial licensing policy introduced during 1950-1990 aimed at ..... A) Expansion of industries in backward regions. B) Promotion of regional equality. C) Checking undue expansion of industrial sector. D) All of the above. Show Answer Correct Answer: D) All of the above. 39. THE FRENCH TRAVELLER ..... DESCRIBED SEVENTEENTH CENTURY IN BENGAL. A) VICTOR ALEXANDRA VRUCE. B) BRUCE LEE. C) BERNIER. D) NONE OF THE ABOVE. Show Answer Correct Answer: C) BERNIER. 40. Interim budget is also known as. A) Mini budget. B) Vote on Account. C) Mini budget and Vote on Account. D) None of the above. Show Answer Correct Answer: C) Mini budget and Vote on Account. 41. What are the objectives of mixed economy? A) Profit maximization. B) Social welfare. C) Wealth maximization. D) Both A & B. Show Answer Correct Answer: D) Both A & B. 42. Which among the following is not a benefit of Green Revolution? A) Self-reliance. B) Buffer stock. C) High cost. D) Increase in marketed surplus. Show Answer Correct Answer: C) High cost. 43. Which of the following comes under the tertiary sector? A) Transport. B) Communication. C) Both (a) & (b). D) None of the above. Show Answer Correct Answer: C) Both (a) & (b). 44. The ..... covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. A) Secondary sector. B) Tertiary sector. C) Primary sector. D) None of the above. Show Answer Correct Answer: A) Secondary sector. 45. Assertion:-India was considered as an agrarian economy on the eve of independence.Reason:Around 30% people were depending on agriculture. A) Both assertion and reason are true, and the reason is the correct explanation for the assertion. B) Assertion is false, but the reason is true. C) Assertion is true, but the reason is false. D) Both assertion and reason are false. Show Answer Correct Answer: C) Assertion is true, but the reason is false. 46. Call centre employee is an employee of A) Tertiary Sector. B) Secodary sector. C) Private Sector. D) Primary Sector. Show Answer Correct Answer: A) Tertiary Sector. 47. Who started the Mahalwari system? A) William Bentinck. B) L. Cornwallis. C) Sir John Shore. D) None of the above. Show Answer Correct Answer: A) William Bentinck. 48. Which of the following years marks the end of planning period in India? A) 2015. B) 2013. C) 2014. D) 2012. Show Answer Correct Answer: A) 2015. 49. Which of the following is a barrier on international trade? A) Sales tax. B) Tax on import. C) Quality control tax. D) Tax on local trade. Show Answer Correct Answer: B) Tax on import. 50. The maximum size of land an individual could have is known as A) Consolidation of land holdings. B) Abolition of intermediaries. C) Land ceiling. D) None of the above. Show Answer Correct Answer: C) Land ceiling. 51. What is the term used to describe the sector that includes transport and communication services? A) Transport sector. B) Communication sector. C) Service sector. D) None of the above. Show Answer Correct Answer: C) Service sector. 52. Which of the following is not a characteristic of Indian agriculture: A) Dependence on monsoon. B) Labour intensive cultivation. C) Highly mechanised farming with sophisticated technology. D) Small size of land holdings. Show Answer Correct Answer: C) Highly mechanised farming with sophisticated technology. 53. MGNREGA 2005 has been implemented in ..... districts of India A) 666. B) 630. C) 625. D) 509. Show Answer Correct Answer: C) 625. 54. Which sector is the largest employer A) Secondary sector. B) Primary sector. C) Tertiary sector. D) Private sector. Show Answer Correct Answer: B) Primary sector. 55. Who is the current President of the World Bank Group? A) Robert Zoellick. B) Christine Lagarde. C) Jim Yong Kim. D) David Malpass. Show Answer Correct Answer: D) David Malpass. 56. Planning Commission was set up in ..... A) 1948. B) 1952. C) 1951. D) 1950. Show Answer Correct Answer: D) 1950. 57. Which of the following is true with the reference to unorganised sector?(i) It covers small and scattered units which arelargely outside the control of the government.(ii) There are rules and regulations but these are not followed.(iii) Workers are ill paid.(iv) There is no provision for over time, paid leavesholidays, etc.a.c.b. d. A) (i) and (ii). B) (iii) and (iv). C) (ii) and (iii). D) All of these. Show Answer Correct Answer: D) All of these. 58. Activities in private sector have a motive of ..... A) Earning profits. B) Service to citizens. C) Competition. D) Exploiting Labourers. Show Answer Correct Answer: A) Earning profits. 59. In developed countries, the ..... sector has become the most important in terms of total production. A) Primary. B) Tertiary. C) Secondary. D) None of the above. Show Answer Correct Answer: B) Tertiary. 60. Investment limit for small scale industries is: A) 5 crore. B) 3 crore. C) 1 crore. D) 2 crore. Show Answer Correct Answer: A) 5 crore. ← 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