This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economic Development Policy – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the primary objective of the Public Distribution System (PDS) in India? A) To provide cash directly to beneficiaries. B) To distribute essential food items and commodities to eligible households. C) To offer healthcare services to the poor. D) To support the agricultural sector. Show Answer Correct Answer: B) To distribute essential food items and commodities to eligible households. 2. Which of the following is not considered a factor income A) Rent. B) Wages. C) Gifts from abroad. D) Profit. Show Answer Correct Answer: C) Gifts from abroad. 3. When was Navratna Policy announced A) 1992. B) 1991. C) 1995. D) 1996. Show Answer Correct Answer: D) 1996. 4. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956? A) 17. B) 21. C) 15. D) 2. Show Answer Correct Answer: A) 17. 5. Money that can be directly used for transaction is ..... A) Near money. B) Broad money. C) M1. D) M2. Show Answer Correct Answer: C) M1. 6. In which year is education commission formed? A) 1964. B) 1960. C) 1947. D) 1970. Show Answer Correct Answer: A) 1964. 7. Which of the following programme ia also known as National Rural Livelihoods Mission (NRLM) A) Swarna jayanti Shahari Rozgar Yojana (SJSRY). B) Swarna Jayanti Gram Swarozgar Yojana. C) Prime Minister Rozgar Yojana (PMRY). D) Rural Employment Guarantee Programme (REGP). Show Answer Correct Answer: B) Swarna Jayanti Gram Swarozgar Yojana. 8. How many percent of Indian farmers get Minimum Support Price (MSP) in India A) 100%. B) 65%. C) 25%. D) 6%. Show Answer Correct Answer: D) 6%. 9. Mention the Indian economy's nature on the Independence A) Under developed. B) Backward. C) Stagnant. D) All of the above. Show Answer Correct Answer: D) All of the above. 10. People who never move above the poverty line are called A) Chronic Poor. B) Consistent Poor. C) Churning Poor. D) Transient Poor. Show Answer Correct Answer: A) Chronic Poor. 11. Which scheme encouraged people to open bank account in 2014? A) Integrated Child development scheme. B) Public distribution system. C) National old age scheme. D) Jan Dhan Yojana. Show Answer Correct Answer: D) Jan Dhan Yojana. 12. Identify the programme which aim at improving the food and nutritional status of the poor? A) Public Distribution System (PDS). B) Integrated Child Development Scheme(ICDS). C) Midday meal scheme( MDMS). D) All of the above. Show Answer Correct Answer: D) All of the above. 13. People who are always poor and those who are usually poor but who may sometimes have little more money (example:casual workers) are grouped together as the ..... A) Chronic poor. B) Churning poor. C) Occasionally poor. D) Transient poor. Show Answer Correct Answer: A) Chronic poor. 14. ..... year adopted HIgh yielding variety for the first time A) 1977. B) 1966. C) 1986. D) 1956. Show Answer Correct Answer: B) 1966. 15. ..... is the sum of individual poverty A) Average poverty. B) Aggregate poverty. C) Absolute poverty. D) None of the above. Show Answer Correct Answer: B) Aggregate poverty. 16. Rule stating that a percentage of every deposit be set aside as legal reserves A) Monetary policy. B) Discount rate. C) Reserve requirement. D) Margin requirements. Show Answer Correct Answer: C) Reserve requirement. 17. Which type of poverty is characterized by a lack of basic necessities like food, clean water, and shelter? A) Absolute poverty. B) Relative poverty. C) Income poverty. D) Wealth poverty. Show Answer Correct Answer: A) Absolute poverty. 18. Poverty alleviation programmes are implemented with the help of which of the following programme from 1990 onwards? A) Swarna Jayanti Gram Swarozgar Yojana. B) Self-help Group. C) MGNREGA. D) None of the above. Show Answer Correct Answer: B) Self-help Group. 19. SGSY stands for A) Swarn Jayanti Gram Self-Employment Scheme. B) Sampoorna Jayanti Gram swarozgar yojana. C) Swarna jayanti Gram swartantra yojana. D) Swarna jayanti gram shahri swarozgar yojana. Show Answer Correct Answer: A) Swarn Jayanti Gram Self-Employment Scheme. 20. The factories, machines, and technology that people use to make products to sell. A) Capital goods. B) Human capital. C) Entrepreneurship. D) None of above. Show Answer Correct Answer: A) Capital goods. Next →Related QuizzesIndian Economic Development Policy Quiz 2Indian Economic Development Policy Quiz 3Indian Economic Development Policy Quiz 4Indian Economic Development Policy Quiz 5Indian Economic Development Policy Quiz 6Indian Economic Development Policy Quiz 7Indian Economic Development Policy Quiz 8Indian Economic Development Policy Quiz 9Indian Economic Development Policy Quiz 10Indian Economic Development Policy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books