This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 25 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 25 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Adopting of new technology in the production of goods and services to increase the output is called ..... A) Economic Growth. B) Economic Welfare. C) Modernisation. D) Equity. Show Answer Correct Answer: C) Modernisation. 2. Following was not the risk associated with use of HYV seeds technology A) Pest attack. B) Excess supply of food grain. C) Widening inequalities between rich and small farmers. D) Rich farmers reaping most of the benefits. Show Answer Correct Answer: B) Excess supply of food grain. 3. Which economic system appealed to Jawaharlal Nehru the most? A) Capitalist economy. B) Socialist economy. C) Mixed economy. D) Free economy. Show Answer Correct Answer: B) Socialist economy. 4. Escheats is an example of: A) Capital Receipts. B) Revenue Receipts. C) Capital Expenditure. D) Revenue Expenditure. Show Answer Correct Answer: B) Revenue Receipts. 5. Which one of the central problem of an Economy 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. 6. Arrange the following in the correct sequence:(i) Transporting cloth to the workshops (ii) Sale in shops and showrooms(iii) Spinning the yarn(iv) Weaving of the fabric A) (i), (iv). (iii), (ii). B) (iii). (iv). (i), (ii). C) (iv). (i), (ii), (iii). D) (iii), (iv). (ii), (i). Show Answer Correct Answer: B) (iii). (iv). (i), (ii). 7. When was ASEAN established? A) 1963. B) 1967. C) 1985. D) 1996. Show Answer Correct Answer: B) 1967. 8. Development expenditure of the Central government does not include A) Defence expenditure. B) Expenditure on economic services. C) Expenditure on social and community services. D) Grant to states. Show Answer Correct Answer: A) Defence expenditure. 9. The ..... sector is characterised by small and scattered units which are largely outside the control of the government. A) Primary. B) Unorganised. C) Organised. D) Public. Show Answer Correct Answer: B) Unorganised. 10. First phase of Green Revolution implemented in ..... A) Mid 70s to Mid 80s. B) Mid 60s to Mid 70s. C) Mid 80s to Mid 90s. D) None of these days. Show Answer Correct Answer: B) Mid 60s to Mid 70s. 11. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956? A) 17. B) 21. C) 15. D) 2. Show Answer Correct Answer: A) 17. 12. Which sector has grown the most over forty years? A) Primary. B) Tertiary. C) Secondary. D) None of the above. Show Answer Correct Answer: B) Tertiary. 13. ..... implies either a larger stock of productive capital, or a larger size of supporting services like transport and banking, or an increase in the efficiency of productive capital and services A) Modernisation. B) Equity. C) Growth. D) Self-reliance. Show Answer Correct Answer: C) Growth. 14. Who is the youngest billionaire in the Forbes top 20 richest list? A) Mukesh Ambani. B) Elon Musk. C) Larry Page. D) Mark Zuckerberg. Show Answer Correct Answer: D) Mark Zuckerberg. 15. What was the percentage of GDP represented by foreign direct investment (FDI) in India since 2008? A) 1.4%. B) 6%. C) 2.5%. D) 3.6%. Show Answer Correct Answer: A) 1.4%. 16. Which Indian sector contributes over 50% to the GDP and is a major source of employment? A) Agriculture. B) Manufacturing. C) Service. D) Mining. Show Answer Correct Answer: C) Service. 17. The Industrial Policy Resolution of 1956 categorized industries into: A) 3. B) 2. C) 1. D) 4. Show Answer Correct Answer: A) 3. 18. Indian farmers need credit for purchasing seeds, fertilizers, etc. for a period of less than 15 months. Such loans are repaid after harvest, such type of credit is called A) Short term credit. B) Medium term credit. C) Long term credit. D) None of these. Show Answer Correct Answer: A) Short term credit. 19. What is the range of the Human Development Index? A) 0-1. B) 0-100. C) 50-99. D) 99-100. Show Answer Correct Answer: A) 0-1. 20. What is the primary mode of transportation in India, carrying almost 85% of passenger traffic? A) Railways. B) Railways. C) Subway system. D) Airways. Show Answer Correct Answer: A) Railways. 21. What is the main problem associated with the development of waterways in India? A) Lack of skilled personnel. B) Environmental impact. C) Congestion. D) Inefficient operations. Show Answer Correct Answer: B) Environmental impact. 22. The sector of the economy that has become the least contributor to GDP in recent years is A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of the above. Show Answer Correct Answer: A) Primary sector. 23. It refers to increase in the country's capacity to produce the output of goods and services within the country. A) Modernisation. B) Production. C) Development. D) Growth. Show Answer Correct Answer: D) Growth. 24. In which of the following state did land reforms succeed the most? A) Punjab. B) Haryana. C) Tamil Nadu. D) West Bengal. Show Answer Correct Answer: D) West Bengal. 25. Who among the following used the term "GREEN REVOLUTION" in India A) M.S.Krishnamoorthy. B) Raj krishna. C) M.S.Swaminathan. D) V.K.R.V.Rao. Show Answer Correct Answer: C) M.S.Swaminathan. ← 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