This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Economics Indian Economic Development > Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 6 (16 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In ..... , the waste is thrown openly to decompose by the action of air, water and sunlight. A) Dumping in landfills. B) Incineration. C) Composting. D) Open dumping. Show Answer Correct Answer: D) Open dumping. 2. Which is the most important sector A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of the above. Show Answer Correct Answer: C) Tertiary sector. 3. Consider the following statements regarding Non Scheduled banks1) They are subject to Cash reserve requirement 2) They are not entitled to borrow from the RBI for normal banking purposes Select the correct answer using the code given below. A) Only 1. B) Only 2. C) All of the above. D) None of the above. Show Answer Correct Answer: C) All of the above. 4. Railways and post office belongs o which sector A) Public sector. B) Private sector. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public sector. 5. ..... is the source of capital formation for industries. A) Capital. B) Infrastructure. C) Agriculture. D) Money. Show Answer Correct Answer: C) Agriculture. 6. One of the following statements about Indian economy is not true. Identify the false statement. A) India had a sound industrial base under the British. B) Indian agriculture was flourishing before the advent of the British. C) India's foreign trade throughout the colonial period was marked by a large export surplus. D) British developed the railway system in India for their own benefits. Show Answer Correct Answer: A) India had a sound industrial base under the British. 7. In terms of G.D.P., the share of tertiary sector in 2003 was: A) Between 20 to 30%. B) Between 30 to 40%. C) Between 50 to 60%. D) Above 70%. Show Answer Correct Answer: C) Between 50 to 60%. 8. Which scheme was launched to support farmers' income in India? A) Kisan Credit Card Scheme. B) Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). C) Soil Health Card Scheme. D) National Agricultural Market (eNAM). Show Answer Correct Answer: B) Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). 9. Sarah owns a dairy farm. She has three dozens cows that she has to feed and care for. Every day she milks the cows and sells milk to the supermarkets all over her state. Sarah works in a ..... community. A) Rural. B) Suburban. C) Busy. D) Urban. Show Answer Correct Answer: A) Rural. 10. Jawahar Gram Samriddhi Yojna was launched on: A) 2001. B) 1999. C) 1996. D) 1995. Show Answer Correct Answer: A) 2001. 11. Consider the following statements:1. Logistics Performance Index LPI is published by World Bank. 2. LPI measures the ease of movement of goods within and out of country. Which of the above statements are correct? A) 1 only. B) 2 only. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. 12. What role does the IT sector play in India's economy? A) The IT sector plays a crucial role in driving economic growth, job creation, and innovation in India. B) The IT sector is mainly responsible for India's tourism and hospitality growth. C) The IT sector primarily focuses on traditional manufacturing processes. D) The IT sector has minimal impact on India's agricultural productivity. Show Answer Correct Answer: A) The IT sector plays a crucial role in driving economic growth, job creation, and innovation in India. 13. What is the primary goal of agricultural diversification? A) To increase the use of chemical fertilizers. B) To reduce dependence on a single crop. C) To promote organic farming. D) To increase production of a single crop. Show Answer Correct Answer: B) To reduce dependence on a single crop. 14. Choose the correct option Statement I. The nature of employment has become more informal with only limited availability of social security measures to the worker. Statement 2:Through various schemes and policies, the government takes initiatives to generate employment directly only. A) Statement 1 is true and Statement 2 is false. B) Statement 1 is false and Statement 2 is true. C) Both statements 1 and 2 are true. D) Both statements 1 and 2 are false. Show Answer Correct Answer: A) Statement 1 is true and Statement 2 is false. 15. What is the best example of Brain drain? A) A Doctor from the USA goes on a year long trip with Doctors without bordersto Africa. B) A Doctor from Haiti moves to the USA with her family. C) An Engineer from Nevada moves to New York City for a higher paying job. D) An elementary school teacher from Africa moves to Dubai for better pay. Show Answer Correct Answer: B) A Doctor from Haiti moves to the USA with her family. 16. Mining releases ..... A) Dust. B) Carbon dioxide. C) Smoke. D) All of the above. Show Answer Correct Answer: D) All of the above. ← PreviousRelated QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 1Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 2Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 3Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 4Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 5Class 12 Economics (Indian Economic Development) Chapter 1 Development Experience (1947 90) And Economic Reforms Since 1991 QuizClass 12 Economics (Indian Economic Development) Chapter 3 Development Experience Of India A Comparison With Neighbours Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books