This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 3 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The Planning Commission was set up in: A) 1948. B) 1950. C) 1951. D) 1956. Show Answer Correct Answer: B) 1950. 2. Suppose the Indian government puts the tax on the import of toys from China, what would happen? A) Toys will get cheaper, more purchase by a customer. B) Toys will get expensive, less purchase by a customer. C) Toys will get expensive, more purchase by a customer. D) No effect. Show Answer Correct Answer: B) Toys will get expensive, less purchase by a customer. 3. Underemployment is a situation when people A) Do not want to work. B) Are not paid for their work. C) Are working in a lazy manner. D) Want to do job, but not getting. Show Answer Correct Answer: D) Want to do job, but not getting. 4. In which year, Government of India established 'Niti Aayog'? A) 2013. B) 2014. C) 2015. D) 2016. Show Answer Correct Answer: C) 2015. 5. NO.14 LIFE EXPECTANCY IN 1991 WAS A) 63 YEAR. B) 62 YEAR. C) 61 YEAR. D) 65 YEAR. Show Answer Correct Answer: C) 61 YEAR. 6. The second phase of India's industrialisation saw a continuous increase in production growth rates. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 7. Which of the following is Maharatna? A) BSNL. B) Hindustan Aeronautics Ltd. C) Airport Authority of India. D) Indian Oil Corporation Ltd. Show Answer Correct Answer: D) Indian Oil Corporation Ltd. 8. Economic planning especially after 1965 (mid of third plan) led to: A) Steady increase in agricultural production. B) Rise in agricultural productivity. C) Both rise in production and productivity. D) A continuous fall in agricultural production and productivity. Show Answer Correct Answer: C) Both rise in production and productivity. 9. Underemployment is found in- A) Agriculture sector. B) Services sector. C) Both agriculture sector and services sector. D) Agriculture Sector nor services sector. Show Answer Correct Answer: C) Both agriculture sector and services sector. 10. Birthrate was ..... during British Period A) 28. B) 39. C) 48. D) 56. Show Answer Correct Answer: C) 48. 11. Assertion:The government borrows only from banks to finance the deficit caused.Reason:Deficit is caused when expenditure is more than income. A) Both assertion and reason are true and reason is the correct explanation of assertion. B) Assertion and reason are true but reason is not the correct explanation of assertion. C) Assertion is true, reason is false. D) Assertion is false, reason is true. Show Answer Correct Answer: D) Assertion is false, reason is true. 12. Which of the following is a direct tax in India? A) Goods and Services Tax (GST). B) Income Tax. C) Customs Duty. D) Excise Duty. Show Answer Correct Answer: B) Income Tax. 13. Which of the following is an institutional reform in the agricultural sector A) Expansion of irrigation facilities. B) Use of HYV seeds. C) Ceiling on land Holdings. D) Provision of credit. Show Answer Correct Answer: C) Ceiling on land Holdings. 14. One of the main goals of the Industrial Policy Resolution of 1956 was to: A) Abolish the public sector. B) Promote private monopolies. C) Establish a socialist pattern of society. D) Focus only on agriculture. Show Answer Correct Answer: C) Establish a socialist pattern of society. 15. Which describes the birth and death rate of Stage 2 of the DTM? A) The death rate is decreasing and birth rate remains high. B) Both the death and birth rate are high. C) The death rate is low but the birth rate is high. D) Both the birth rate and death rate are decreasing. Show Answer Correct Answer: A) The death rate is decreasing and birth rate remains high. 16. What is the role of the private sector in a mixed economy? A) To control all production. B) To complement the public sector. C) To eliminate government intervention. D) To ignore market demands. Show Answer Correct Answer: B) To complement the public sector. 17. Who is the current finance minister of India? A) Dr.Manmohan Singh. B) Nirmala Sitaraman. C) Amit shah. D) Rajnath Singh. Show Answer Correct Answer: B) Nirmala Sitaraman. 18. Which of the following statements is correct about the National Development Council (NDC)? A) It is a constitutional body. B) It is a statutory body. C) Its Chairman is the Finance Minister. D) Chief Ministers of all the States are its member. Show Answer Correct Answer: D) Chief Ministers of all the States are its member. 19. The rate which the income tax is imposed in India is called A) Digressive rate. B) Progressive rate. C) Regressive rate. D) Proportionate rate. Show Answer Correct Answer: A) Digressive rate. 20. A developing country like india still doesnt have access to developed countries markets because of A) High non tariff barriers. B) High tariff barriers. C) All the above. D) None of the above. Show Answer Correct Answer: A) High non tariff barriers. 21. The first phase of India's industrialisation focused on heavy industries such as iron, steel, and machine-building sectors. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 22. In which year first official census was undertaken in India? A) 1991. B) 1881. C) 1871. D) 1851. Show Answer Correct Answer: B) 1881. 23. Green Revolution require huge investment ..... A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 24. The sector in which the ownership of assets and delivery of services isin the hands of individuals is called. A) Private sector. B) Public sector. C) Secondary sector. D) None of these. Show Answer Correct Answer: A) Private sector. 25. When was R.B.I. nationalised? A) 1935. B) 1949. C) 1929. D) 1914. Show Answer Correct Answer: B) 1949. ← 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 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 10Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books