This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Planning > Indian Economic Development Policy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 3 (39 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Abolition of intermediateries and Land ceiling are part of A) Industrial reforms of India. B) External sector reforms in India. C) Land reforms in India. D) Banking reforms in India. Show Answer Correct Answer: C) Land reforms in India. 2. Based on monetary value (per capita expenditure ) of the minimum calorie intake, in 2011-12, the poverty line was defined for rural areas as consumption worth Rs ..... per person per month and for urban area it was Rs ..... A) 1000, 800. B) 1000, 816. C) 815, 1000. D) 816, 1000. Show Answer Correct Answer: D) 816, 1000. 3. Which institute does not provide direct loans to farmers? A) Commercial bank. B) NABARD. C) Regional Rural Bank. D) Cooperative Society. Show Answer Correct Answer: B) NABARD. 4. True or False. Economic Development refers to how advanced an economy is. A) False. B) True. Show Answer Correct Answer: B) True. 5. Which of the following is a common feature of informal sector employment? A) Formal contracts and legal protections. B) Stable and permanent employment. C) Lack of social security benefits. D) Access to paid leave and healthcare. Show Answer Correct Answer: C) Lack of social security benefits. 6. Why did the government set up a planning commission in 1950? A) To help design and execute suitable policies for economic development. B) To help design and execute suitable policies for social development. C) To help design and execute suitable policies for political development. D) None of above. Show Answer Correct Answer: A) To help design and execute suitable policies for economic development. 7. Development of a country can generally be determined by its:- A) Per capita income. B) Average literacy level. C) Health status of its people. D) None of these. Show Answer Correct Answer: A) Per capita income. 8. Which of the following is not an institutional problem in Indian Agriculture? A) (a) Defective tenancy reforms. B) B) Lack of credit facilities. C) Fragmented land holding. D) D) Lack of irrigation. Show Answer Correct Answer: B) B) Lack of credit facilities. 9. Which sector of the informal economy is characterized by small-scale, unregistered businesses and street vendors? A) Industrial sector. B) Agricultural sector. C) Services sector. D) Manufacturing sector. Show Answer Correct Answer: C) Services sector. 10. ..... is implementing the Rural Employment Generation Programme (REGP) A) The Khadi and village Industries Commission. B) The Central Government. C) The State Government. D) None of the above. Show Answer Correct Answer: A) The Khadi and village Industries Commission. 11. The british turned the Indian economy into supplier of raw material and consumer of british industrial goods. this is the feature of which economy A) Colonial. B) Semi feudal. C) Stagnant. D) Amputated. Show Answer Correct Answer: A) Colonial. 12. What will be the top priority in the developmental goal of a landless labourer? A) Expansion of rural banking. B) More days of work and better wages. C) Metal roads for transportation. D) Establishment of a high school. Show Answer Correct Answer: B) More days of work and better wages. 13. Which of the following is intermediate product? A) Machine purchased by a firm. B) Wheat used by flour mill. C) Pulses purchased by consumers. D) Wheat used by household. Show Answer Correct Answer: B) Wheat used by flour mill. 14. Domestic income is greater than National Income if A) NFIA is positive. B) NFIA is zero. C) NFIA is negative. D) None of these. Show Answer Correct Answer: C) NFIA is negative. 15. Construction of a bridge comes under which sector? A) Tertiary. B) Any other sector not mentioned here. C) Primary. D) Secondary. Show Answer Correct Answer: D) Secondary. 16. Which one of the following is the problem of poverty alleviation Programmes? A) Lack of resources. B) Improper implementation. C) Lack of infrastructure. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. What is the term for the process of converting raw materials into finished goods on a large scale? A) Production. B) Retailing. C) Distribution. D) Manufacturing. Show Answer Correct Answer: D) Manufacturing. 18. Which year was established and replace the Planning Commission? A) 2013. B) 2015. C) 2014. D) 2012. Show Answer Correct Answer: B) 2015. 19. In Pre-Independent India who among the following first to discuss the concept of a poverty line? A) R C DESAI. B) WILLIAM DIGBY. C) DADABHAI NAOROJI. D) VKRV RAO. Show Answer Correct Answer: C) DADABHAI NAOROJI. 20. When was launched MGNREGP? A) 2001. B) 2005. C) 2008. D) 2015. Show Answer Correct Answer: B) 2005. 21. Which one of the following is/are the feature of MGNREGA? A) (a)Self employment by providing bank loans. B) (b)100 days of guaranteed employment. C) (c )It is a wage employment programme. D) Both (b) and (c ). Show Answer Correct Answer: D) Both (b) and (c ). 22. ..... is the policy that helps integrate a domestic economy with the world economy. A) Liberalization. B) Globalization. C) Privatisation. D) None of the above. Show Answer Correct Answer: B) Globalization. 23. ..... was the rate of growth of per capita output per year during the first half of the 20th century A) 0.5 %. B) 1 %. C) 1.5%. D) 2%. Show Answer Correct Answer: A) 0.5 %. 24. ..... is the total money value of all goods and services produced in an economy during an accounting year. A) Private income. B) Per capita income. C) Disposable income. D) National income. Show Answer Correct Answer: D) National income. 25. Tell percapita income at the time of independance A) 230. B) 300. C) 200. D) 150. Show Answer Correct Answer: A) 230. 26. WHO IS THE FATHER OF MACRO ECONOMICS A) P SAMUELSON. B) J M KEYNES. C) MALTHUS. D) ADAM SMITH. Show Answer Correct Answer: B) J M KEYNES. 27. The planning commission was an established in ..... A) 1948. B) 1952. C) 1951. D) 1950. Show Answer Correct Answer: D) 1950. 28. Which of the following organisation collect data on poverty in India? A) Reserve Bank of India (RBI). B) National Sample survey organisation (NSSO). C) Census of India. D) None of the above. Show Answer Correct Answer: B) National Sample survey organisation (NSSO). 29. India on the eve of independence was A) Vibrant economy. B) Stagnant economy. Show Answer Correct Answer: B) Stagnant economy. 30. MGNREGA was based on the principle of: A) Right to earn. B) Right to work. C) Right to live. D) None of the above. Show Answer Correct Answer: B) Right to work. 31. Which Indian city is often referred to as the country's IT capital and has played a pivotal role in the services export sector? A) New Delhi. B) Kolkata. C) Bangalore. D) Mumbai. Show Answer Correct Answer: C) Bangalore. 32. In a closed economy ..... is not included A) Firms. B) Government. C) Foreign sector. D) Household. Show Answer Correct Answer: C) Foreign sector. 33. Which of the following is the main reason behind the poor people in India getting limited economic opportunities? A) Lack of skills and basic literacy. B) Scarcity of resources. C) Most of them live in rural area. D) None of the above. Show Answer Correct Answer: A) Lack of skills and basic literacy. 34. Railways were introduced in India in which year? A) 1853. B) 1854. C) 1850. D) 1855. Show Answer Correct Answer: C) 1850. 35. Combination of Churning and Occationally poor is categorised as A) Chronic poor. B) Usually Poor. C) Always poor. D) Transient Poor. Show Answer Correct Answer: D) Transient Poor. 36. Which sector of the economy is characterized by jobs that are not part of the formal labor market and often lack benefits and job security? A) Service sector. B) Agricultural sector. C) Manufacturing sector. D) Informal sector. Show Answer Correct Answer: D) Informal sector. 37. India opted for mixed economy in ..... A) Industrial policy of 1948. B) Industrial policy of 1948. C) Framing of the Constitution. D) Second Five year plan. Show Answer Correct Answer: A) Industrial policy of 1948. 38. Which of the following is stock A) Wealth. B) Exports. C) Savings. D) Profits. Show Answer Correct Answer: A) Wealth. 39. India's economy was poor and backward before the colonial rule. A) True. B) False. Show Answer Correct Answer: B) False. ← PreviousRelated QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesIndian Economic Development Policy Quiz 1Indian Economic Development Policy Quiz 2Fiscal System Of India QuizIndian Economy And Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books