This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 17 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 17 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which of the following tax will be abolished by the GST? A) Service Tax. B) Corporation tax. C) Income Tax. D) Wealth Tax. Show Answer Correct Answer: A) Service Tax. 2. When was the IFCI established? A) 1948. B) 1955. C) 1964. D) 1971. Show Answer Correct Answer: B) 1955. 3. What type of economic system did India adopt after independence? A) Capitalist Economy. B) Socialist Economy. C) Mixed Economic System. D) Traditional Economy. Show Answer Correct Answer: C) Mixed Economic System. 4. In India the mammoth task of measuring GDP is undertaken by a: A) Central Government. B) State Government. C) Public Sector. D) Private Sector. Show Answer Correct Answer: A) Central Government. 5. Which one of the following activities does not belong to the primary sector? A) Agriculture. B) Dairy. C) Mining. D) Weaving. Show Answer Correct Answer: D) Weaving. 6. Which of the following is the main focus of "Aatma Nirbhar Bharat Abhiyaan" announced by Prime Minister Narendra Modi to combat covid-19 crisis? A) Increasing tax on all imported goods. B) Fixing the quantity of imports. C) Enable India to become self reliant economy. D) None of the above. Show Answer Correct Answer: C) Enable India to become self reliant economy. 7. What is the backbone of Indian economy A) Agriculture. B) Industry. C) Service. D) None of theses. Show Answer Correct Answer: A) Agriculture. 8. Who were the owner of the Soil during British Period A) Labourer. B) Tillers. C) Zamindar. D) Peasants. Show Answer Correct Answer: C) Zamindar. 9. What is the Human Development Index? A) The health of an individual. B) A set of statistics or numbers that rank countries by their development. C) The country a person lives in,. D) The number of preventable diseases in a country. Show Answer Correct Answer: B) A set of statistics or numbers that rank countries by their development. 10. If in a country primary activity is the most important economic activity then the country is likely to be A) Developed. B) Developing. C) Under developed. D) None of the above. Show Answer Correct Answer: C) Under developed. 11. When did Industrial policy resolution take place in India? A) 1957. B) 1948. C) 1954. D) 1956. Show Answer Correct Answer: D) 1956. 12. NO.20 MAIN FEATURES OF IPR 1956 ARE ..... A) PROTECTION TO COTTAGE AND SMALL SCALE INDUSTRIES. B) ALL OF THESE. C) SPECIFIC AND LL IMPORTANT ROLE ASSIGNED TO PUBLIC SECTOR. D) CAUTIOUS APPROACH TOWARDS FOREIGN CAPITAL. Show Answer Correct Answer: B) ALL OF THESE. 13. Which of the following is a goal of five year plans? A) Growth. B) Modernisation. C) Self-reliance. D) All of these. Show Answer Correct Answer: D) All of these. 14. NO.17 IPR 1956 REFERS TO ..... A) THIRD INDUSTRIAL POLICY RESOLUTION. B) FIRST INDUSTRIAL POLICY RESOLUTION. C) SECOND INDUSTRIAL POLICY RESOLUTION. D) FOURTH INDUSTRIAL POLICY RESOLUTION. Show Answer Correct Answer: C) SECOND INDUSTRIAL POLICY RESOLUTION. 15. When we produce a good by exploiting natural resources it is called ..... ? A) Tertiary sector. B) Primary sector. C) Service sector. D) Public sector. Show Answer Correct Answer: B) Primary sector. 16. Who is the chairperson of the Planning commission? A) Prime Minister. B) President. C) Chief Minister. D) Governor. Show Answer Correct Answer: A) Prime Minister. 17. The Central and state governments in India have set up ..... to attract foreign companies to invest in India? A) Special investment zones. B) Special economic zones. C) Special business zones. D) Special trade zones. Show Answer Correct Answer: B) Special economic zones. 18. At the initial stages of development, which one of the following sectors was the most important of economic activity? A) Primary. B) Secondary. C) Tertiary. D) Quaternary. Show Answer Correct Answer: A) Primary. 19. Which of the following is the leading sector in India? A) Agriculture. B) Services. C) Manufacturing. D) All of the above. Show Answer Correct Answer: B) Services. 20. The Green Revolution in India was introduction of HYV seeds for ..... A) Millet. B) Rice. C) Wheat. D) Oilseed. Show Answer Correct Answer: C) Wheat. 21. Who is the chairman of the planning commission in India? A) Prime minister. B) President. C) Chief minister. D) Governor. Show Answer Correct Answer: A) Prime minister. 22. At the higher levels of development, the ..... sector contributes more to the GDP. A) Secondary. B) Primary. C) Tertiary. D) Both (a) and (b). Show Answer Correct Answer: C) Tertiary. 23. Who presented the 1st 5-year plan of the country? A) Pandit Jawaharlal Nehru. B) B R Ambedkar. C) Sardar Ballav Bhai Patel. D) Mahatma Gandhi. Show Answer Correct Answer: A) Pandit Jawaharlal Nehru. 24. Which of the following is also known as disguised employment? A) Over employment. B) Factory employment. C) Under employment. D) Unemployment. Show Answer Correct Answer: A) Over employment. 25. The unorganised sector is characterised by small and scattered units which are largely outside the control of the ..... A) Employers. B) Private individuals. C) Government. D) Employees. Show Answer Correct Answer: C) Government. ← 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