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 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 5 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which is the largest producer of sugar? A) Maharastra. B) Uttar Pradesh. C) Punjab. D) Tamil Nadu. Show Answer Correct Answer: A) Maharastra. 2. Globalisation results in A) Inflow of labour from abroad. B) Inflow of capital from abroad. C) Inflow of tourists from abroad. D) All the above. Show Answer Correct Answer: B) Inflow of capital from abroad. 3. If agriculture is the backbone, industry is the ..... of the economy A) Power. B) Energy. C) Light. D) Elictricity. Show Answer Correct Answer: B) Energy. 4. If operators are fired and replaced with computer technology, the operators would be considered A) Frictionally unemployed. B) Structurally unemployed. C) Cyclically unemployed. D) Dissatisfiededly unemployed dissatisfiededly unemployed. Show Answer Correct Answer: B) Structurally unemployed. 5. Which of the following is measured as the number of persons who remained unemployed for a major part of the year? A) UPS. B) UPSS. C) CWS. D) CDS. Show Answer Correct Answer: A) UPS. 6. Indian economy is characterised by too much dependence on ..... A) Agriculture. B) Industry. C) Trade. D) Services. Show Answer Correct Answer: A) Agriculture. 7. Assertion:India's external sector performance weakened after globalization.Reasoning:Globalization restricted India's access to foreign markets. A) Both A and R are true, and R is the correct explanation of A. B) Both A and R are true, but R is not the correct explanation of A. C) A is false, but R is true. D) Both A and R are false. Show Answer Correct Answer: D) Both A and R are false. 8. Agriculture is a source of capital formation for Industries. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 9. Choose the correct option:Statement-I:It While estimating the number of workers, all those who are engaged in economic activities are included as employed. Statement-II:During 2017-18. India had about a 471 million strong workforce. A) Both the statements are true. B) Both The Statement are false. C) Statement-I is true, Statement-2 is false. D) Statement 2 is true, Statement 1 is false. Show Answer Correct Answer: A) Both the statements are true. 10. What is the primary purpose of the Trade Unions Act of 1926? A) To establish a national bank. B) To provide legal recognition and protection to trade unions in India. C) To regulate the export of goods. D) None of the above. Show Answer Correct Answer: B) To provide legal recognition and protection to trade unions in India. 11. Why did the government shift its strategy from long term to short term programs to remove unemployment? A) Large Scale Corruption. B) Lukewarm response from the. C) Long term programs takes a long time to implement. D) Lack of funds. Show Answer Correct Answer: C) Long term programs takes a long time to implement. 12. What is the aim of sustainable development? A) To transform our world. B) Action to end poverty and inequality. C) To ensure that all people enjoy health, justice and prosperity. D) All of above. Show Answer Correct Answer: D) All of above. 13. Which index is used to calculate inflation in India? A) Wholesale Price Index. B) GDP deflator. C) Productive Price Index. D) Commodity Price Index. Show Answer Correct Answer: A) Wholesale Price Index. 14. Service Tax to be exempted on general insuranceschemes under which scheme: A) Companies Amendment Bill. B) Shyama Prasad Mukherji Rurban Mission. C) Customer Act. D) NIRMAYA Scheme. Show Answer Correct Answer: D) NIRMAYA Scheme. 15. Globalization has made trade between nations more easy A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 16. Railways is an examples of A) Public sector. B) Private sector. C) Tertiary sector. D) Joint sector. Show Answer Correct Answer: A) Public sector. 17. Consider the following statements:1. All NPAs are stressed assets. 2. An asset is considered as a Stressed asset if the principal and/or interest remains overdue for more than 45 days. 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: B) 2 only. 18. The best solution to reduce the quantum of soil erosion is ..... A) Deforestation. B) Use eco-friendly techniques. C) Afforestation. D) Composting. Show Answer Correct Answer: C) Afforestation. 19. THE WORD 'STAGNANT' MEANS A) CONSTANT ON SAME LEVEL. B) INCREASING. C) DECREASING. D) ALL OF THE ABOVE. Show Answer Correct Answer: A) CONSTANT ON SAME LEVEL. 20. Which one of these is not an element of smart City A) Adequate water supply, sustainable environment. B) Sustainable environment, health and education. C) To not educate the poor, have a corrupt government. D) Affordable housing especially for the poor. Show Answer Correct Answer: C) To not educate the poor, have a corrupt government. 21. The digital divide refers to the gap between individuals and communities who have access to digital technologies and those who do not. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 22. Which of the following is known as the Paper Gold? A) US Dollar. B) Pound. C) Demand draft. D) Special Drawing Right. Show Answer Correct Answer: D) Special Drawing Right. 23. The majority of India's workforce is employed in the: A) Organized sector. B) Informal sector. C) Corporate sector. D) Government sector. Show Answer Correct Answer: B) Informal sector. 24. Any two sources of air pollution A) Factories and Vehicles. B) Trees and Animals. C) Oceans and Rivers. D) Sun and Moon. Show Answer Correct Answer: A) Factories and Vehicles. 25. Is health an education and element of smart City? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. ← 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 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 10Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books