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Indian Economy 1950 1990 Quiz 3 (20 MCQs)

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1. What was the share of Service Sector to GDP, in India on 1950-51 and 1990-91?
2. Who is the chairman of the planning commission in India?
3. The states where land reforms were successful
4. Union Budget is the budget of
5. What does HYVP stand for?
6. Escheats is an example of:
7. Borrowings are equivalent to:
8. The non-tax revenue in the following is:
9. Repayment of loans is an example of:
10. In a mixed economies, the government answer the three questions of what to produce, how to produce and how to distribute what is produced
11. The economic justification of subsidies in agriculture is, at present, a hotly debated question. Consider the following statements related to this.1. A substantial amount of fertiliser subsidy also benefits the fertiliser industry, not only farmers.2. The subsidy largely benefits the farmers in the more prosperous regions.3. Most farmers in India are very poor and they will not be able to afford the required inputs without subsidies.Select the correct statements using codes below
12. Land ceiling refers to:
13. ..... refers to an arrangement by which central problems of an economy are solved.
14. Adopting of new technology in the production of goods and services to increase the output is called .....
15. Under Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned and controlled by the private sector and the state.
16. During the initial years after independence, the low productivity of Indian agricultural sector forced India to import food from which country?
17. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
18. When was the planning commission set up in India?
19. Which seeds are called miracle seeds?
20. The government budget is an
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