This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 11 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Schedule ..... comprise of industries which would be exclusively owned by the state: A) A. B) B. C) C. D) None. Show Answer Correct Answer: A) A. 2. 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. A) Assertion is false, reason is true. B) Both Assertion and reason are true and reason is correct explanation of assertion. C) Both Assertion and reason are true and reason is not correct explanation of assertion. D) Not mentioned in the policy. Show Answer Correct Answer: B) Both Assertion and reason are true and reason is correct explanation of assertion. 3. India changed over to the decimal system of coinage in A) April 1995. B) April 1957. C) April 1958. D) April 1959. Show Answer Correct Answer: B) April 1957. 4. 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. A) Both A and R are true, and R is the correct explanation of A. B) Both A and R are true, but R is not the correctexplanation of A. C) A is true, but R is false. D) A is false, but R is true. Show Answer Correct Answer: A) Both A and R are true, and R is the correct explanation of A. 5. NO.16 HYVP REMAINED CONFINED TO WHICH FIVE CROPS ..... A) WHEAT, RICE, JOWAR, BAJRA AND PULSES. B) WHEAT, MILK, JOWAR, BAJRA AND MAIZE. C) WHEAT, RICE, JOWAR, BAJRA AND MAIZE. D) WHEAT, PULSES, JOWAR, BAJRA AND MAIZE. Show Answer Correct Answer: C) WHEAT, RICE, JOWAR, BAJRA AND MAIZE. 6. A direct tax is a tax which is imposed on. A) Corporations only. B) None of these. C) Individuals only. D) Individuals and corporations. Show Answer Correct Answer: D) Individuals and corporations. 7. The central banking functions in India are performed by the A) Central Bank of India. B) Reserve Bank of India. C) State Bank of India. D) Punjab National Bank. Show Answer Correct Answer: B) Reserve Bank of India. 8. How are goods produced in the agriculture and related sector? A) Reusing Natural Resources. B) Overusing Natural Resources. C) Exploitation of Natural Resources. D) Effective usage of Natural Resources. Show Answer Correct Answer: C) Exploitation of Natural Resources. 9. We classify economic activities into on organised and unorganised sector on the basis of A) Nature of activity. B) Working conditions. C) Ownership. D) All of the above. Show Answer Correct Answer: B) Working conditions. 10. India's trade in services recorded substantial growth, contributing to inclusive economic processes. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 11. At the initial stage of development, which sector was the important? A) Primary. B) Secondary. C) Tertiary. D) Public. Show Answer Correct Answer: A) Primary. 12. Most of the workers in ..... sector enjoy job security. A) Organised. B) Private. C) Unorganised. D) Public. Show Answer Correct Answer: D) Public. 13. ..... is also called Tertiary sector. A) Manufacturing sector. B) Agriculture sector. C) Services sector. D) Industrial sector. Show Answer Correct Answer: C) Services sector. 14. The planning commission was set up in which year in India? A) 5th March 1951. B) 25th April 1951. C) 20th April 1951. D) 15th March 1950. Show Answer Correct Answer: D) 15th March 1950. 15. Which sector contributes the most income to India's economy? A) Primary sector. B) Tertiary sector. C) Secondary sector. D) None of these. Show Answer Correct Answer: B) Tertiary sector. 16. Which of the following statements are true regarding the unorganised sector? A) This sector includes a large number of people who are employed on their own doing small jobs. B) Employment is not secure. C) People can be asked to leave without any reason. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. What is the currency of Brazil? A) Euro. B) Real. C) Peso. D) Dollar. Show Answer Correct Answer: B) Real. 18. Which sector is called service sector A) Primary. B) Secondary. C) Tertiary. D) Nonenof the above. Show Answer Correct Answer: C) Tertiary. 19. What was abolished as a result of land reforms? A) Green Revolution. B) Zamindari system. C) Public sector enterprises. D) Industrial licensing. Show Answer Correct Answer: B) Zamindari system. 20. The IPR 1956 made the basis of which five-year plan? A) First. B) Second. C) Third. D) Fourth. Show Answer Correct Answer: B) Second. 21. Who is the richest person in the world in July 2020? A) Jack ma. B) Bill Gates. C) Jeff Bezos. D) Warren Buffett. Show Answer Correct Answer: C) Jeff Bezos. 22. NO.12 WHO PRESENTED THE FIRST FIVE YEAR PLAN A) B R AMBEDKAR. B) M K GANDHI. C) J L NEHRU. D) INDIRA GANDHI. Show Answer Correct Answer: C) J L NEHRU. 23. Name the organisation that was formed by the initiative of some developed countries ..... A) Trade Union Organisation. B) Earth Summit. C) World Trade Organisation. D) None of the above. Show Answer Correct Answer: C) World Trade Organisation. 24. Which of the following is the reason for the backwardsness of agriculture in India? A) Deficient irrigation. B) Dependenc on rainfall. C) Backward technology. D) All of these. Show Answer Correct Answer: D) All of these. 25. The sectors are classified into public and private sector on the basis of:a. b. c. d. A) Employment conditions. B) The nature of economic activity. C) Ownership of enterprises. D) Number of workers employed in the enterprise. Show Answer Correct Answer: C) Ownership of enterprises. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books