This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The following sector is the largest contributor to GDP? A) Primary Sector. B) Tertiary Sector. C) Quaternery Sector. D) Secondary Sector. Show Answer Correct Answer: B) Tertiary Sector. 2. ..... shows how big the economy of a country is. A) GSDP. B) GDP. C) PPP. D) None of the above. Show Answer Correct Answer: B) GDP. 3. Which of the following was an obstacle in the development of industries after independence? A) Lack of economic infrastructure. B) Lack of inducement to invest. C) Lack of capital. D) All of these. Show Answer Correct Answer: D) All of these. 4. "Zero Defect Zero Effect" slogan is related to which of the following scheme? A) Digital India. B) Startup India. C) Clean India mission. D) Make in India. Show Answer Correct Answer: D) Make in India. 5. Small-scale industries are more 'labour intensive' i.e., they use more labour than the large-scale industries and, therefore, generate less employment. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 6. Which constitutional amendment is done to pass the GST bill? A) 101. B) 120. C) 122. D) 115. Show Answer Correct Answer: A) 101. 7. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors? A) Independence. B) Planning. C) Colonial Rule. D) Green Revolution. Show Answer Correct Answer: B) Planning. 8. The states where land reforms were successful A) Kerala & Tamil Nadu. B) Kerala & West Bengal. C) Tamil Nadu & Maharashtra. D) West Bengal & Maharashtra. Show Answer Correct Answer: B) Kerala & West Bengal. 9. Union Budget of India is presented by whom and in which house/ houses of the Parliament? A) Finance Minister of India; Lok Sabha. B) Prime Minister of India; Rajya Sabha. C) Cabinet Secretary; Both Lok Sabha and Rajya Sabha. D) President of India; in joint session of Parliament. Show Answer Correct Answer: A) Finance Minister of India; Lok Sabha. 10. True or False:Industrialisation in India began in the mid 20th century. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 11. Agrarian reform refer to: A) Technical reform in agriculture. B) Land reforms in agriculture. C) Both I and II. D) Neither I nor II. Show Answer Correct Answer: C) Both I and II. 12. What will happen if the government fails to provide hundred days employment under NREGA A) Unemployment allowance will be not given. B) Unemployment allowance will be given. C) Both a and b. D) None of the above. Show Answer Correct Answer: B) Unemployment allowance will be given. 13. What was required even for an existing industry to expand production? A) A government subsidy. B) A license. C) A foreign partnership. D) A tax exemption. Show Answer Correct Answer: B) A license. 14. Pick the incorrect option:GDP is defined as Gross Domestic Product of a country when we take into account the A) Value of final goods and services produced in each sector during a particular year, providing the total production of the sector for that year. B) The sum of production in the three sectors gives us the GDP. C) The value of intermediate goods that are used in making the final goods. D) None of the above is incorrect. Show Answer Correct Answer: C) The value of intermediate goods that are used in making the final goods. 15. What does NITI Aayog stand for? A) National Institute for Transforming India. B) National Initiative for Technological Innovation. C) National Institute for Trade and Industry. D) National Institute for Training and Innovation. Show Answer Correct Answer: A) National Institute for Transforming India. 16. According to Industry Policy Resolution 1956, the industries were reclassified into ..... category. A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: B) 3. 17. In which of the following places we do not have a Currency printing press? A) Nasik. B) Dewas. C) Mysore. D) Mumbai. Show Answer Correct Answer: D) Mumbai. 18. Broad Money it related to A) M1. B) M2. C) M3. D) M4. Show Answer Correct Answer: C) M3. 19. The service sector contributes over 50% to India's GDP. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 20. Tata Iron and Steel Company was established in the year A) 1906. B) 1907. C) 1908. D) 1909. Show Answer Correct Answer: B) 1907. 21. Which is the primary objective of economic planning in India? A) Reducing Inequalities of income. B) Abolition of poverty. C) Growth with social justice. D) Removing unemployment. Show Answer Correct Answer: C) Growth with social justice. 22. What does HYVP stand for? A) High Yielding Varieties Products. B) High Yielding Various Programme. C) High Yielding Varieties Programme. D) High Yielding Various Products. Show Answer Correct Answer: C) High Yielding Varieties Programme. 23. This isn't a Sugar-producing state: A) Uttar Pradesh. B) Maharashtra. C) Odisha. D) None of the above. Show Answer Correct Answer: C) Odisha. 24. Optimum Population is that ideal population which provides ..... A) Minimum Income per head. B) Maximum Income per head. C) Average Income per head. D) None of the above. Show Answer Correct Answer: B) Maximum Income per head. 25. If RBI reduces the cash reserve ratio, what will happen to the credit creation? A) There will be no impact. B) It will decrease. C) It will increase. D) None of the above. Show Answer Correct Answer: C) It will increase. ← PreviousNext →Related 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 8Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 9Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books