This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economic Development Policy – Quiz 11 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 11 (15 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Railways were introduced in India in which year? A) 1850. B) 1853. C) 1854. D) 1855. Show Answer Correct Answer: A) 1850. 2. 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. 3. Where was the first iron and steel company established? A) Kolkata. B) Jamshedpur. C) Patna. D) Ranchi. Show Answer Correct Answer: B) Jamshedpur. 4. 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) Manufacturing sector. B) Informal sector. C) Service sector. D) Agricultural sector. Show Answer Correct Answer: B) Informal sector. 5. GATT stands for A) Genral Agreement on Trade and Tariff. B) Government Association for Trade and Tariff. C) General Agreement on terms of Trade. D) Government Agreement on terms of Trade. Show Answer Correct Answer: A) Genral Agreement on Trade and Tariff. 6. India opted for mixed economy in ..... A) Industrial policy of 1948. B) Framing of the Constitution. C) Second Five year plan. D) Industrial policy of 1948. Show Answer Correct Answer: A) Industrial policy of 1948. 7. The value of all final goods and services produced within a country during a particular year is called as:- A) Gross Domestic Product. B) Net Domestic Product. C) National Product. D) Production of Tertiary Sector. Show Answer Correct Answer: A) Gross Domestic Product. 8. Which of the following is stock A) Wealth. B) Savings. C) Exports. D) Profits. Show Answer Correct Answer: A) Wealth. 9. Which of the following statements regarding high yielding variety (HYV) seeds are correct?i) The use of these seeds requires neither the use of fertilisers nor the pesticides.ii) Dependence on regular supply of water is eliminated.iii) In the first phase of the green revolution(mid 1960s upto mid 1970s), the use of HYV seeds primarily benefited the wheat growing regions only while In the second phase (mid-1970s to mid-1980s), the HYV technology benefited more variety of crops.iv) In the first phase of the green revolution, the use of HYV seeds was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu. A) I and iii. B) Iii and iv. C) I, ii, iii and iv. D) Ii, iii and iv. Show Answer Correct Answer: B) Iii and iv. 10. Abolition of intermediaries and land ceiling are part of A) Industiral reforms in India. B) Land reforms in india. C) External sector reforms in India. D) Banking reforms in India. Show Answer Correct Answer: B) Land reforms in india. 11. India's economy was poor and backward before the colonial rule. A) True. B) False. Show Answer Correct Answer: B) False. 12. Industries were the focus for the second five-year plan. A) True. B) False. Show Answer Correct Answer: A) True. 13. What is the tax or duty on imports called? A) Tariff. B) Quota. C) Export. D) None of these. Show Answer Correct Answer: A) Tariff. 14. Central government in India made a law, implementing the Right to Work in how many districts of India? A) 150 districts. B) 200 districts. C) 250 districts. D) 625 districts. Show Answer Correct Answer: D) 625 districts. 15. Which one of these is a central problem of an Economy? A) What to produce. B) How to produce. C) For whom to produce. D) All of the above. Show Answer Correct Answer: D) All of the above. ← PreviousRelated QuizzesIndian Economic Development Policy Quiz 1Indian 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books