This quiz works best with JavaScript enabled. Home > Class 12 > Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 10 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When agricultural productivity improves, as a result of industrialisation, farmers' income ..... A) Increases. B) Decreases. C) Equalises. D) Zero. Show Answer Correct Answer: A) Increases. 2. "Amazon" in India has hired 4000 graduate students." The given statement deals with sector employment. A) Formal. B) Informal. C) Rural. D) Urban. Show Answer Correct Answer: A) Formal. 3. ..... unemployment arises when the qualification of a person is not sufficient to meet his job responsibilities. A) Structural. B) Frictional. C) Cyclical. D) Disguised. Show Answer Correct Answer: A) Structural. 4. Consider the following statements about Small Finance Banks:1. Small Finance Banks are niche banks that cater to specific sections of the population. 2. These banks accept deposits and advance loans. Which of the above statements are correct? A) 1 only. B) 2 only. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. 5. He IT industry in India is expected to experience a decline in growth due to global economic uncertainties. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 6. What role does conciliation play in the settlement of industrial disputes? A) Conciliation is only used as a last resort in industrial disputes. B) Conciliation involves legal action to resolve industrial disputes. C) Conciliation provides a neutral third party to facilitate communication and negotiation between conflicting parties in industrial disputes. D) Conciliation always favors one party over the other in industrial disputes. Show Answer Correct Answer: C) Conciliation provides a neutral third party to facilitate communication and negotiation between conflicting parties in industrial disputes. 7. Launching of Sansad Adarsh Gram Yojna is related to the: A) Vallabh Bhai Patel. B) Deen Dayal Upadhyay. C) Mahatma Gandhi. D) Jai Prakash Narayan. Show Answer Correct Answer: D) Jai Prakash Narayan. 8. Which of the following provision makes NREGA as the Right to Work? A) Increase in land productivity has been given the preference. B) This Act was passed by the Parliament in 2005. C) This Act has been spread to all the districts in the country. D) If the government fails to provide employment, it will give unemployment allowance. Show Answer Correct Answer: D) If the government fails to provide employment, it will give unemployment allowance. 9. Which factor influences the decision of Indians to choose private healthcare over public healthcare due to its perception of providing personalized attention? A) Perception of better technology. B) Perception of better infrastructure, shorter wait times, and more individualized care. C) Perception of lower costs. D) Perception of more comprehensive services. Show Answer Correct Answer: B) Perception of better infrastructure, shorter wait times, and more individualized care. 10. Industrialisation can provide a base for rapid increase income. it is because that A) Productivity rates are higher in industry than in agriculture. B) Industries mainly depend on man's effort while agriculture depend on the nature. C) Both a and b. D) None of the above. Show Answer Correct Answer: C) Both a and b. 11. The primary objective of NABARD is to: A) Provide low-interest loans to large-scale industries. B) Promote rural development by enhancing credit facilities for rural areas. C) Fund large-scale agricultural projects in urban areas. D) Provide direct subsidies to farmers. Show Answer Correct Answer: B) Promote rural development by enhancing credit facilities for rural areas. 12. Which of the following BEST describes subsistence farming? A) Large scale, monoculture. B) Producing enough for personal consumption. C) Practiced for profit. D) Few persons employed, highly mechanised. Show Answer Correct Answer: B) Producing enough for personal consumption. 13. Which of the followings are called Brettonwoods Twins? A) IMF & International Bank for Reconstruction and Development (IBRD). B) IMF & World Trade Organisation. C) IBRD & World Trade Organisation. D) None of the above. Show Answer Correct Answer: A) IMF & International Bank for Reconstruction and Development (IBRD). 14. Define:immigrate A) Come to live permanently in a foreign country. B) Visiting a country. C) Flying over a country. D) Leave one's own country in order to settle permanently in another. Show Answer Correct Answer: A) Come to live permanently in a foreign country. 15. Which of the following is related to the Operation Green' mission? A) Production of tomato, onionand potatoes. B) Production of tomato, chiliand potatoes. C) Production of pulses, onionand potatoes. D) Production of tomato, pulses and rice. Show Answer Correct Answer: A) Production of tomato, onionand potatoes. 16. The technique of converting natural or man-made raw material into finished products is termed as ..... A) Industry. B) Industrialisation. C) Manufacturing. D) Resources. Show Answer Correct Answer: C) Manufacturing. 17. Globalization has led to a decrease in economic inequality worldwide. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 18. Which of the following types of activities are covered in the secondary sector? A) It generates services rather than goods. B) Natural products are changed through manufacturing. C) Goods are produced by exploiting natural resources. D) It includes agriculture, forestry and dairy. Show Answer Correct Answer: B) Natural products are changed through manufacturing. 19. The Public Distribution System (PDS) primarily distributes: A) Luxury goods. B) Essential food grains. C) Industrial raw materials. D) Export goods. Show Answer Correct Answer: B) Essential food grains. 20. Which of the following is a major agricultural product of India? A) Rice. B) Barley. C) Corn. D) Wheat. Show Answer Correct Answer: A) Rice. 21. What is the role of the Reserve Bank of India? A) To set international trade tariffs. B) To manage public transportation systems. C) To issue government bonds and securities. D) The role of the Reserve Bank of India is to regulate monetary policy, manage currency issuance, oversee the banking system, and maintain financial stability. Show Answer Correct Answer: D) The role of the Reserve Bank of India is to regulate monetary policy, manage currency issuance, oversee the banking system, and maintain financial stability. 22. Which department's petition rate is high, even though its success rate in litigation is low and declining A) Direct taxes. B) Indirect taxes. C) All taxes. D) None. Show Answer Correct Answer: A) Direct taxes. 23. Consider the following statements about Tax Terrorism:1. It is the practice adopted by the Government to impose large unjustified taxes. 2. Retrospective taxation is also considered as Tax terrorism. Which of the above statements are correct? A) 1 only. B) 2 only. C) Both 1 and 2. D) Neither 1 nor 2. Show Answer Correct Answer: C) Both 1 and 2. 24. Which of the following states has the highest population growth rate? A) West Bengal. B) Uttar Pradesh. C) Maharashtra. D) Uttarakhand. Show Answer Correct Answer: B) Uttar Pradesh. 25. Which of the following best defines unemployment? A) The state of being able to work and actively seeking work, but unable to find employment. B) The state of being able to work, but choosing not to. C) The percentage of the labour force that is able and actively seeking work, but cannot find employment. D) The total number of people who do not work. Show Answer Correct Answer: A) The state of being able to work and actively seeking work, but unable to find employment. ← PreviousNext →Related QuizzesClass 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 1Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 2Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 3Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 4Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 5Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 6Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 7Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 8Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 9Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books