This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 21 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 21 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. ..... gradually became the most important in total production and employment? A) Primary sector. B) Public sector. C) Tertiary sector. D) Secondary sector. Show Answer Correct Answer: C) Tertiary sector. 2. Economic growth can be measured by A) The CPI. B) The CBI. C) GDP. D) MPC. Show Answer Correct Answer: C) GDP. 3. During which years did the First Phase of Industrial Revolution in India take place? A) 1965-1980. B) 1981-1991. C) 1951-1965. D) 1991 onwards. Show Answer Correct Answer: C) 1951-1965. 4. Assertion:The Planning Commission prepared Five-Year Plans.Reason:It was responsible for centralized economic planning. A) Both A and R are true, and R is the correct explanation. B) Both A and R are true, but R is not the correct explanation. C) A is true, R is false. D) Both A and R are false. Show Answer Correct Answer: A) Both A and R are true, and R is the correct explanation. 5. What was a common sentiment among economists regarding public sector enterprises? A) Satisfaction with their performance. B) Discontent with their performance. C) Preference for privatization. D) Support for increased regulation. Show Answer Correct Answer: B) Discontent with their performance. 6. Who is current RBI governor of India? A) Shaktikanta Das. B) Raghuram Rajan. C) Urjit patel. D) Duvvuri subbarao. Show Answer Correct Answer: A) Shaktikanta Das. 7. The port which is connected to Rourkela Steel Plant and helps in the movement of raw materials and finished goods is A) Mumbai. B) Kolkata. C) Chennai. D) None of the above. Show Answer Correct Answer: B) Kolkata. 8. 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. 9. Farm helpers are unemployed when the cropping season is over. A) Frictional. B) Cyclical. C) Structural. D) Seasonal. Show Answer Correct Answer: D) Seasonal. 10. 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. 11. When did The Trade Unions Act, comeinto force? A) 01 April 1927. B) 01 March 1926. C) 01 May 1929. D) 1st June, 1927. Show Answer Correct Answer: A) 01 April 1927. 12. 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. 13. 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. 14. 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. 15. 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. 16. 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) Organised sector. B) Unorganised sector. C) Unorganised tertiary sector. D) Joint sector. Show Answer Correct Answer: C) Unorganised tertiary sector. 17. Inward looking trade strategy is also known as policy of ..... A) Import relaxation. B) Import substitution. C) Import promotion. D) None of these. Show Answer Correct Answer: B) Import substitution. 18. 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. 19. 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. 20. Percentage of people in the unorganised sector in tertiary sector is: A) 67%. B) 55%. C) 95%. D) 76%. Show Answer Correct Answer: D) 76%. 21. 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. 22. In India which type of economic system is being followed? A) Capitalism. B) Socialism. C) Mixed. D) Monarchy. Show Answer Correct Answer: C) Mixed. 23. 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. 24. ..... have been a Major force in the globalisation process connecting distant regions of the world? A) Traders. B) International companies. C) MNCs. D) Business houses. Show Answer Correct Answer: C) MNCs. 25. Production of a commodity, mostly through the natural process, is an activity in the ..... sector. A) Primary. B) Secondary. C) Tertiary. D) Information Technology. Show Answer Correct Answer: A) Primary. ← 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