This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 24 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 24 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Disinvestment is a- A) Capital expenditure. B) Revenue expenditure. C) Capital receipts. D) Revenue receipts. Show Answer Correct Answer: C) Capital receipts. 2. High population pressure, small size of holdings, dependence on monsoon are the characteristics of: A) Indian primary sector (Agriculture). B) Indian secondary sector ( Industry). C) Indian tertiary sector (Services). D) None of these. Show Answer Correct Answer: A) Indian primary sector (Agriculture). 3. Who among the following presented the first budget (interim) of Independent India? A) Jawaharlal Nehru. B) R K Shanmukham Chetty. C) N.D. Tiwari. D) Morarji Desai. Show Answer Correct Answer: B) R K Shanmukham Chetty. 4. The second phase of industrialisation in India saw a decline in the production growth rate. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. Shreya, Shivam, Roshni and Aditi are discussing different sectors of the economy. Transportation, Banking and Communication are examples of ..... A) Tertiary Sector. B) Secondary Sector. C) Primary Sector. D) None of the above. Show Answer Correct Answer: A) Tertiary Sector. 6. What is the main cause of the export surplus? A) The country's stringent import policy. B) Developments in national and international markets. C) The country's exports promotion value. D) None of the above. Show Answer Correct Answer: B) Developments in national and international markets. 7. As of the text's context, which country did India overtake to become the fifth-largest economy? A) Germany. B) France. C) United Kingdom. D) United States. Show Answer Correct Answer: C) United Kingdom. 8. The ..... continues to be the largest employer in India. A) Quaternary sector. B) Tertiary sector. C) Secondary sector. D) Primary sector. Show Answer Correct Answer: D) Primary sector. 9. More than half of the workers in the country are working in the primary sector, mainly in ..... A) Fishing. B) Mining. C) Agriculture. D) None of the above. Show Answer Correct Answer: C) Agriculture. 10. Who estimates the GDP of Indian economy? A) CSO. B) NSSO. C) IMF. D) RBI. Show Answer Correct Answer: A) CSO. 11. The latest devaluation of rupee was done in which of the following year? A) 1990. B) 1981. C) 1991. D) 1997. Show Answer Correct Answer: C) 1991. 12. Tata Iron and Steel Company (TISCO) was established in 1906 at Jamshednagar. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 13. Full form of GDP is A) Gross domestic part. B) Gross Domestic Product. C) Gross Double Product. D) All of the above. Show Answer Correct Answer: B) Gross Domestic Product. 14. Tools we use to make products A) Capital resources. B) Human resources. C) Natural resources. D) Entrepreneurs. Show Answer Correct Answer: A) Capital resources. 15. In a market economy, is also called as ..... , only those consumer goods will be produced that are in Demand. A) Capitalism. B) Socialism. C) Both A and B. D) None of these above. Show Answer Correct Answer: A) Capitalism. 16. Selected areas created and are equipped with world class facilities are called ..... A) Special Economic Zones. B) Electronic Capital. C) IT centers. D) None of the above. Show Answer Correct Answer: A) Special Economic Zones. 17. Industrialisation started in India during the early 19th century. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 18. Perspective plan is a A) Short term plan. B) Long term plan. C) All the above. D) None of the above. Show Answer Correct Answer: B) Long term plan. 19. ..... refers to an arrangement by which central problems of an economy are solved. A) Economic System. B) Mixed Economy. C) Modernisation. D) Socialist economy. Show Answer Correct Answer: A) Economic System. 20. The central problems of an economy are: A) What to produce. B) How to produce. C) For whom to produce. D) All of these. Show Answer Correct Answer: D) All of these. 21. Who developed the concept of disguised unemployment? A) John Keynes. B) John Keynes. C) John Robinson. D) Alfred Marshall. Show Answer Correct Answer: C) John Robinson. 22. What reflects the size of an economy for a country? A) GDP. B) Planning Commission. C) Central Ministry. D) PWD. Show Answer Correct Answer: A) GDP. 23. Which institution replaced the Planning Commission? A) NITI Aayog. B) Planning Bureau. C) SEBI. D) None of these. Show Answer Correct Answer: A) NITI Aayog. 24. Which organisation India undertakes the task of measuring GDP A) Central government ministry. B) State government. C) Both of these. D) None of these. Show Answer Correct Answer: A) Central government ministry. 25. At independence, the Indian economy was primarily: A) Industrial. B) Service-based. C) Agrarian. D) Technology-based. Show Answer Correct Answer: C) Agrarian. ← 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