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 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 13 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Globalisation has led to improvement in A) Choice to consumers. B) Quality of goods and services. C) Foreign investment. D) All the above. Show Answer Correct Answer: D) All the above. 2. ..... may be defined as a process in which more and more industries are established in a country. A) Industries. B) Firm. C) Industrialisation. D) Manufacturing. Show Answer Correct Answer: C) Industrialisation. 3. BEFORE COMING OF BRITISH TRADERS, INDIA WAS FAMOUS FOR ..... A) COTTON TEXTILES. B) SILK. C) HANDICRAFTS. D) ALL OF THE ABOVE. Show Answer Correct Answer: D) ALL OF THE ABOVE. 4. Consider the following statements:1. Bilateral investment treaties protect the investments of one country into another. 2. BITs has other provisions like protection against nationalisation, non-discriminatory treatment etc. 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. Which of the following is a public sector undertaking in India? A) ONGC. B) Infosys. C) Reliance Industries. D) Tata Steel. Show Answer Correct Answer: A) ONGC. 6. What is the term for the total value of goods and services produced in a country? A) Net National Product (NNP). B) Balance of Trade (BOT). C) Gross Domestic Product (GDP). D) Consumer Price Index (CPI). Show Answer Correct Answer: C) Gross Domestic Product (GDP). 7. ..... is the washing away of the earth's top soil due to various human activities A) Deforestation. B) Desertification. C) Both a and b. D) None of these. Show Answer Correct Answer: B) Desertification. 8. The problem faced by Indian agriculture is A) Problem of taxation. B) Cooperative farming. C) Lack of skilled labor. D) Dependence on monsoon. Show Answer Correct Answer: D) Dependence on monsoon. 9. Swarnajayanti Gram Swarozgar Yojana was launched in A) 1995. B) 1999. C) 2000. D) 2001. Show Answer Correct Answer: B) 1999. 10. Indian planners aims at developing the entire ecosystem. Which one of this is not one of its key pillar? A) Institutional infrastructure. B) Physical Infrastructure. C) Economic Infrastructure. D) Indian infrastructure. Show Answer Correct Answer: D) Indian infrastructure. 11. Which one of the following economic activities is not in the tertiary sector? A) Banking. B) Bee keeping. C) Teaching. D) Working in a call centre. Show Answer Correct Answer: B) Bee keeping. 12. In ..... , the waste is thrown openly to decompose by the action of air, water and sunlight. A) Dumping in landfills. B) Incineration. C) Composting. D) Open dumping. Show Answer Correct Answer: D) Open dumping. 13. Which is the most important sector A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of the above. Show Answer Correct Answer: C) Tertiary sector. 14. Consider the following statements regarding Non Scheduled banks1) They are subject to Cash reserve requirement 2) They are not entitled to borrow from the RBI for normal banking purposes Select the correct answer using the code given below. A) Only 1. B) Only 2. C) All of the above. D) None of the above. Show Answer Correct Answer: C) All of the above. 15. Railways and post office belongs o which sector A) Public sector. B) Private sector. C) All the above. D) None of the above. Show Answer Correct Answer: A) Public sector. 16. ..... is the source of capital formation for industries. A) Capital. B) Money. C) Agriculture. D) Infrastructure. Show Answer Correct Answer: C) Agriculture. 17. One of the following statements about Indian economy is not true. Identify the false statement. A) Indian agriculture was flourishing before the advent of the British. B) India's foreign trade throughout the colonial period was marked by a large export surplus. C) India had a sound industrial base under the British. D) British developed the railway system in India for their own benefits. Show Answer Correct Answer: C) India had a sound industrial base under the British. 18. In terms of G.D.P., the share of tertiary sector in 2003 was: A) Between 20 to 30%. B) Between 30 to 40%. C) Between 50 to 60%. D) Above 70%. Show Answer Correct Answer: C) Between 50 to 60%. 19. Which scheme was launched to support farmers' income in India? A) Soil Health Card Scheme. B) Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). C) National Agricultural Market (eNAM). D) Kisan Credit Card Scheme. Show Answer Correct Answer: B) Pradhan Mantri Kisan Samman Nidhi (PM-KISAN). 20. Sarah owns a dairy farm. She has three dozens cows that she has to feed and care for. Every day she milks the cows and sells milk to the supermarkets all over her state. Sarah works in a ..... community. A) Rural. B) Suburban. C) Urban. D) Busy. Show Answer Correct Answer: A) Rural. 21. Jawahar Gram Samriddhi Yojna was launched on: A) 1999. B) 2001. C) 1996. D) 1995. Show Answer Correct Answer: B) 2001. 22. Consider the following statements:1. Logistics Performance Index LPI is published by World Bank. 2. LPI measures the ease of movement of goods within and out of country. 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. 23. What role does the IT sector play in India's economy? A) The IT sector plays a crucial role in driving economic growth, job creation, and innovation in India. B) The IT sector is mainly responsible for India's tourism and hospitality growth. C) The IT sector primarily focuses on traditional manufacturing processes. D) The IT sector has minimal impact on India's agricultural productivity. Show Answer Correct Answer: A) The IT sector plays a crucial role in driving economic growth, job creation, and innovation in India. 24. What is the primary goal of agricultural diversification? A) To increase production of a single crop. B) To reduce dependence on a single crop. C) To increase the use of chemical fertilizers. D) To promote organic farming. Show Answer Correct Answer: B) To reduce dependence on a single crop. 25. Choose the correct option Statement I. The nature of employment has become more informal with only limited availability of social security measures to the worker. Statement 2:Through various schemes and policies, the government takes initiatives to generate employment directly only. A) Statement 1 is true and Statement 2 is false. B) Statement 1 is false and Statement 2 is true. C) Both statements 1 and 2 are true. D) Both statements 1 and 2 are false. Show Answer Correct Answer: A) Statement 1 is true and Statement 2 is false. ← 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books