This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The policy makers of independent India tried to bring in growth and equity in the agriculture sector through:i) Bringing in land Reformsii) Without using any 'High Yielding Variety' (HYV) seedsWhich of the above are correct? A) Only I. B) Only II. C) Both I and II. D) Neither I nor II. Show Answer Correct Answer: C) Both I and II. 2. Lack of skilled personnel is not considered a problem for industrial development in India. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 3. The Agrarian Reforms wanted better "technology" like tractors and other machines. A) YES. B) NO. C) All the above. D) None of the above. Show Answer Correct Answer: A) YES. 4. The overall Literacy level during British Period was A) 14%. B) 7%. C) 16%. D) 48%. Show Answer Correct Answer: C) 16%. 5. How much Emergency Working Capital Facility for Businesses, including MSMEs is announced? A) Rs 2 lakh crores. B) Rs 3 lakh crores. C) Rs 4 lakh crores. D) Rs 5 lakh crores. Show Answer Correct Answer: B) Rs 3 lakh crores. 6. How much statutory PF contribution of both employer and employee is reduced under the Aatma Nirbhar Bharat Abhiyaan? A) 10%. B) 12%. C) 14%. D) 16%. Show Answer Correct Answer: A) 10%. 7. Jawahar Rojgar Yojna was launched in: A) 5th five year plan. B) 6th five year plan. C) 8th five year plan. D) 7th five year plan. Show Answer Correct Answer: D) 7th five year plan. 8. The activity of buying and selling of raw materials or finished goods in the market is known as A) Trade. B) Occupation. C) Service. D) None of these. Show Answer Correct Answer: A) Trade. 9. What type of economy involves production mainly for foreign markets? A) Socialist Economy. B) Capitalist Economy. C) Mixed Economy. D) Traditional Economy. Show Answer Correct Answer: B) Capitalist Economy. 10. A study conducted by the planning commission estimates that the following no of jobs can be created in the education sector alone. A) 20 lakhs. B) 40 lakhs. C) 25 lakhs. D) 45 lakhs. Show Answer Correct Answer: A) 20 lakhs. 11. Which bank is called lender of last resort? A) Commercial bank. B) Agricultural bank. C) Central bank. D) None of the above. Show Answer Correct Answer: C) Central bank. 12. Who is the Chairman of the Planning Commission? A) President. B) Vice-President. C) Governor. D) Prime Minister. Show Answer Correct Answer: D) Prime Minister. 13. The following sector is the largest contributor to Employment? A) Primary Sector. B) Tertiary Sector. C) Quaternery Sector. D) Secondary Sector. Show Answer Correct Answer: A) Primary Sector. 14. The sectors are classified into organized and Unorganized sector on the basis of: A) Ownership basis. B) Nature of activity basis. C) No of workers. D) Employment basis. Show Answer Correct Answer: D) Employment basis. 15. Private sector works for A) Profit making. B) Social welfare. C) Both. D) None of the above. Show Answer Correct Answer: A) Profit making. 16. Which of the following is the main motive of the government behind the introduction of the Goods and Services Tax A) To bring tax uniformity in the country. B) To increase government revenue. C) To replace all the indirect tax. D) None of the above. Show Answer Correct Answer: B) To increase government revenue. 17. NO. 6 FIRST TIME THE OBJECTIVE OF SELF RELIANCE WAS INCORPORATED IN THE ..... FIVE YEAR PLAN A) THIRD. B) FIRST. C) SECOND. D) FIFTH. Show Answer Correct Answer: A) THIRD. 18. The portion of agricultural produce which is sold in the market by the farmers is known as, A) Trade deficit. B) Marketable surplus. C) Subsidy. D) Import substitution. Show Answer Correct Answer: B) Marketable surplus. 19. Under NREGA 2005, all those who are able to and are in need of work are guaranteed ..... of employment in a year by the government. A) 180 days. B) 50 days. C) 200 days. D) 100 days. Show Answer Correct Answer: D) 100 days. 20. The objective of the Industrial Credit and Investment Corporation of India (ICICI) is primarily to operate as a commercial bank. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 21. The concept of five year plan in India was introduced by A) Lord Mountbatten. B) Gandhi Indira. C) Jawahar lal Nehru. D) Lal Bahadur Shastri. Show Answer Correct Answer: C) Jawahar lal Nehru. 22. With 'Green Revolution', India could increased manifold the production of which commodity? A) Milk. B) Fish. C) Foodgrains. D) Iron. Show Answer Correct Answer: C) Foodgrains. 23. THE MONEY VALUE OF ALL FINAL GOODS AN SERVICES PRODUCED WITHIN A COUNTRY DURING A PARTICULAR YEAR IS CALLED: A) GROSS DOMESTIC PRODUCT. B) NET DOMESTIC PRODUCT. C) NATIONAL PRODUCT. D) PRODUCTION OF SECONDARY SECTOR. Show Answer Correct Answer: A) GROSS DOMESTIC PRODUCT. 24. NO.18 GREEN REVOLUTION RESULTING FROM ..... A) NONE. B) TRADITIONAL IRRIGATION FACILITIES. C) USE OF MANURES. D) HYV SEEDS. Show Answer Correct Answer: D) HYV SEEDS. 25. Countries impose restriction or barrier on foreign trade by ..... A) Applying High rate of interest. B) Banning import and export of certain goods. C) Banning trade with certain countries. D) All of the above. Show Answer Correct Answer: D) All of the above. ← 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 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