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 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy Quiz 8 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What percentage of hospitals in India are provided by the private healthcare sector? A) 58%. B) 90%. C) 80%. D) 50%. Show Answer Correct Answer: A) 58%. 2. What is called Tax heaven? A) A country which gives tax exemptions to the foreign citizens that there will be no tax on investing the money in their country. B) Subsidy given by the government in taxes. C) Tax evasion in the domestic country. D) To impose equal taxes on domestic producers and foreign producers. Show Answer Correct Answer: A) A country which gives tax exemptions to the foreign citizens that there will be no tax on investing the money in their country. 3. A labor force of 20 million people has 18.5 million people employed. Find the unemployment rate. A) 10%. B) 8.5%. C) 7.5%. D) 6%. Show Answer Correct Answer: C) 7.5%. 4. "Jobless growth" refers to: A) Growth without inflation. B) Growth without employment creation. C) Growth with reduced exports. D) Growth with fiscal deficit. Show Answer Correct Answer: B) Growth without employment creation. 5. The Gross National Happiness does not have one of these as its components. A) Higher real per capita income. B) Uninterrupted growth and development Model. C) Environmental Protection. D) Cultural Promotion (i.e. inculcation of ethical and spiritual values in life without which, it says, progress may become a curse rather than a blessing). Show Answer Correct Answer: B) Uninterrupted growth and development Model. 6. Agriculture absorbs surplus labour from industries A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 7. The objectives of Government budget are1) Economic Stability 2) Redistribution of income and wealth 3) Allocation of resources Which of the statements given above are correct? A) Only 1 and 2. B) Only 2 and 3. C) Only 1 and 3. D) All of the above. Show Answer Correct Answer: D) All of the above. 8. What is the budget for initial allocation in 2014 to 2015 year budget for the pilot smart cities? A) ₹ 7070 crores. B) ₹ 7050 crores. C) ₹ 7080 crores. D) ₹ 7060 crores. Show Answer Correct Answer: D) ₹ 7060 crores. 9. Industrial sector is also called A) Service sector. B) Agricultural sector. C) Industrial sector. D) None of the above. Show Answer Correct Answer: C) Industrial sector. 10. With respect to Anchor Investor, consider the following statements1) He is the first investor in any round that provides subsequent investors a degree of confidence 2) Anchor investors belong to the Qualified Institutional Buyers (QIBs) category 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. 11. TELL NAME OF THE CROP FARMERS WERE FORCED TO GROW A) COCONUT. B) WHEAT. C) INDIGO. D) CHILLY. Show Answer Correct Answer: C) INDIGO. 12. How do MNCs spread their production to other countries? A) By setting up partnerships with local companies, using local companies for supplies, competing with local companies, or buying them up. B) By dividing the production process into small parts and spreading it across the globe. C) By placing orders for production with small producers in developing countries. D) By investing in foreign countries and setting up factories and offices for production. Show Answer Correct Answer: A) By setting up partnerships with local companies, using local companies for supplies, competing with local companies, or buying them up. 13. ..... involve processing of raw materials to produce more valuable products in large quantities. A) Resources. B) Industries. C) Manufacturing. D) Industrialisation. Show Answer Correct Answer: B) Industries. 14. A:Informal sector workers often lack job security.R:Most informal jobs are unregistered and lack legal protection. 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 true, but R is false. D) A is false, but R is true. Show Answer Correct Answer: A) Both A and R are true, and R is the correct explanation of A. 15. Cyclical unemployment A) Describes recent college graduates. B) Lasts longer than 6 months. C) Describes employees moving from one job to another. D) Increases inflation Increases inflation. Show Answer Correct Answer: B) Lasts longer than 6 months. 16. Which of the following Yojna gave nominal premium and highest ever compensation in case of crop loss? A) PM Fasal Bima Yojna. B) PM Krishi Sinchai Yojna. C) Shyama Prasad Mukherji Rurban Mission. D) Pramaparagat Krishi Vikas Yojna. Show Answer Correct Answer: A) PM Fasal Bima Yojna. 17. Which of the following is NOT a disadvantage of operating a cottage industry? A) Operators may lack marketing skills. B) Raw materials may be hard to obtain. C) Cottage industry usually offers low and attractive prices. D) Long hours of work usually required. Show Answer Correct Answer: C) Cottage industry usually offers low and attractive prices. 18. Impact of urbanisation on the ecosystem ..... A) Increases biodiversity. B) Reduces air pollution. C) Improves soil quality. D) Destroys habitats and reduces biodiversity. Show Answer Correct Answer: D) Destroys habitats and reduces biodiversity. 19. What was the percentage of India's public health expenditure as a proportion of GDP before the COVID-19 pandemic? A) 1.5%. B) 1.92%. C) 2.15%. D) 0.75%. Show Answer Correct Answer: A) 1.5%. 20. .What is called "Blue Chip" ? A) Companies which are run by large corporate houses. B) A company, whose share always provides profit. C) A multinational company. D) A company which is listed on a foreign stock exchange. Show Answer Correct Answer: B) A company, whose share always provides profit. 21. Which of the following is a major challenge in rural marketing? A) Homogeneous demand across all rural regions. B) Low distribution costs. C) Lack of proper infrastructure. D) High purchasing power of rural consumers. Show Answer Correct Answer: C) Lack of proper infrastructure. 22. Look at the following statements about Vittiya Saksharata Abhiyan1) It is a Program to create awareness about sanitation with the help of celebrities 2) Under it, young students and faculty members will be roped to encourage and motivate people 3) Ministry of Sanitation and Drinking water launched it and is implementing agency Which of the statements given above is/are correct? A) Only 1 and 3. B) Only 2. C) Only 2 and 3. D) None of the above. Show Answer Correct Answer: B) Only 2. 23. Poverty has been completely eradicated in India.-say true or false A) True. B) False. C) Both. D) None of the above. Show Answer Correct Answer: B) False. 24. High birth rate and low Death rate represents ..... stage of demographic transition. A) Third. B) First. C) Second. D) First and Second. Show Answer Correct Answer: C) Second. 25. What is the advantage of spreading out production across borders for MNCs? A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. B) It enables MNCs to control production and exert influence on distant producers. C) It provides opportunities for interlinking production across countries. D) It allows MNCs to buy up local companies and expand production. Show Answer Correct Answer: A) It allows MNCs to tap into the advantages of large markets, lower production costs, and availability of resources in different countries. ← 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 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