This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Karve Committee is related to: A) Agriculture. B) Service sector. C) SSI. D) None of these. Show Answer Correct Answer: C) SSI. 2. On which of the following basis the sectors are classified into public sector and private sector? A) Employment conditions. B) The nature of the economic activity. C) Ownership of enterprises. D) Number of workers employed in the enterprise. Show Answer Correct Answer: C) Ownership of enterprises. 3. What does HYVs stand for? A) High Yeilding Variety Seeds. B) High Yeilding Various Seeds. C) None of the above. D) None of the above. Show Answer Correct Answer: A) High Yeilding Variety Seeds. 4. Assertion:-The proportion of people depending on agriculture declined as expectedReason:-The 2nd Industrial Policy Resolution was adopted in the year 1956. A) Assertion is true, reason is false. B) Assertion and reason both are true but reason is not the correct explanation of assertion. C) Assertion and reason both are true but reason is the correct explanation of assertion. D) Assertion is false, reason is true. Show Answer Correct Answer: B) Assertion and reason both are true but reason is not the correct explanation of assertion. 5. The textile industry is the largest single industry in India. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 6. High yielding varieties of seeds require more amount of fertiliser A) True. B) False. C) Partially true. D) None of the above. Show Answer Correct Answer: A) True. 7. Road transport is the dominant mode of transportation in India, carrying almost 85% of the country's passenger traffic. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 8. Globalisation is a process of rapid ..... or ..... between the countries. A) Integration or interconnection. B) Intersection or interrelation. C) Interaction or intermingling. D) None of the above. Show Answer Correct Answer: A) Integration or interconnection. 9. What is the main motive of private sector enterprises A) To give more wages to employee. B) To make facilities for public. C) To earn profit. D) All of these. Show Answer Correct Answer: C) To earn profit. 10. ..... refers to utilisation of country's resources in order to promote economic growth. A) Self-reliance. B) Sankhya. C) Land ceiling. D) Market surplus. Show Answer Correct Answer: A) Self-reliance. 11. The father of high yielding variety seeds is considered to be Norman Borlaug. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 12. Section 26 of the The Trade UnionsAct, 1926 deals with ..... ? A) Power to make regulations. B) Effects of change of name and ofamalgamation. C) Amalgamation of Trade Unions. D) Enforceability of agreements. Show Answer Correct Answer: B) Effects of change of name and ofamalgamation. 13. Disinvestment means selling of a public investment to a A) Private enterprise. B) Public enterprise. C) Capital market. D) Departmental enterprise. Show Answer Correct Answer: A) Private enterprise. 14. Narrow Money is related t0 A) M1. B) M2. C) M3. D) M4. Show Answer Correct Answer: A) M1. 15. Small Scale Industries are: A) Labour intensive. B) Capital intensive. C) Both a) and b). D) None of these. Show Answer Correct Answer: A) Labour intensive. 16. The service sector is a major source of employment, providing jobs to 30.7% of the Indian population. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 17. Who is regarded as the architect of Indian planning? A) MS Swaminathan. B) Prasanta Chandra Mahalanobis. C) All the above. D) None of the above. Show Answer Correct Answer: B) Prasanta Chandra Mahalanobis. 18. The non-tax revenue in the following is: A) Income Tax. B) Corporate Tax. C) Dividends. D) Borrowings. Show Answer Correct Answer: C) Dividends. 19. In a capitalist economy, how are the central problems solved? A) Through government planning. B) Through market forces of demand and supply. C) Through community consensus. D) Through random selection. Show Answer Correct Answer: B) Through market forces of demand and supply. 20. Which one is the correct option for the given statement?Dairy is a primary sector activity and not secondary sector despite the fact that 'industry' is attached to it, because A) Dairy products are availed through biological process of the animals. B) Availability of animal feed and fodder. C) The main product milk is a natural product. D) All of the above. Show Answer Correct Answer: D) All of the above. 21. Green Revolution started from which state in India? A) Maharashtra. B) Punjab. C) Tamil Nadu. D) West Bengal. Show Answer Correct Answer: B) Punjab. 22. During post green revolution (1965-2009), the average yield of wheat and rice has: A) Decreased. B) Increased. C) Remained stagnant. D) None of these. Show Answer Correct Answer: B) Increased. 23. What was reserved for the small-scale industry according to the Reservation for Small-Scale Industry policy? A) A number of products. B) Foreign investments. C) Large-scale projects. D) Export licenses. Show Answer Correct Answer: A) A number of products. 24. The value of all final goods and services produced within a country during a particular year. A) GNP. B) NDP. C) NNP. D) GDP. Show Answer Correct Answer: D) GDP. 25. Which organization is responsible for printing currency notes in India? A) Ministry of Finance. B) National Bank for Agriculture and Rural Development. C) State Bank of India. D) Reserve Bank of India. Show Answer Correct Answer: D) Reserve Bank of India. ← 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 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