This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economic Development Policy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The final approval to the five-year plans of India is given by? A) NITI Aayog. B) President of India. C) National Development Council. D) National Development Council. Show Answer Correct Answer: C) National Development Council. 2. On 15th august 2020 we celebrated ..... independence day. A) 72. B) 73. C) 74. D) 75. Show Answer Correct Answer: C) 74. 3. ..... percentage of population dependent on agricultural sector. A) 1/2 %. B) 1/3%. C) 1/8%. D) None of above. Show Answer Correct Answer: B) 1/3%. 4. There exists a direct relationship between ..... and poverty A) Unemployment. B) Famine. C) Poor health. D) Debt. Show Answer Correct Answer: A) Unemployment. 5. When was New Economic Policy introduced in India A) 1991. B) 1981. C) 1995. D) 2000. Show Answer Correct Answer: A) 1991. 6. Who is who A) Me. B) Rashi. C) Gopi. D) None of above. Show Answer Correct Answer: B) Rashi. 7. Who among these had estimated National income for first time A) V.K.R.V RAO. B) R.C DESAI. C) NONE OF THESE. D) BOTH OF THESE. Show Answer Correct Answer: D) BOTH OF THESE. 8. In which year is the Task Force Group formed? A) 1979. B) 1985. C) 1990. D) 1947. Show Answer Correct Answer: A) 1979. 9. Which of the following is a phase of circular flow of income A) Generation phase. B) Distribution phase. C) Disposition phase. D) All of these. Show Answer Correct Answer: D) All of these. 10. Which of the following best describes the GST? A) A direct tax on personal income. B) A tax on the sale of goods only. C) A consumption-based indirect tax on goods and services. D) A tax exclusively on exports. Show Answer Correct Answer: C) A consumption-based indirect tax on goods and services. 11. What does HYVP stand for? A) High Yielding Varieties Products. B) High Yielding Various Programme. C) High Yielding Varieties Programme. D) High Yielding Various Products. Show Answer Correct Answer: C) High Yielding Varieties Programme. 12. Small farmers and seasonal workers are categorised as A) Churning Poor. B) Transient poor. C) Always poor. D) Usually Poor. Show Answer Correct Answer: A) Churning Poor. 13. The process of transferring the ownership, Management and control of a public sector partially / entirely to the private sector is known as ..... A) Globalisation. B) Liberalisation. C) Privatisation. D) None of the above. Show Answer Correct Answer: C) Privatisation. 14. Refrigerator purchased by a confectionery shop is and example of? A) Final good. B) Intermediate good. C) Capital good. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 15. What was the nature of the Indian economy on the eve of independence? A) Stagnant. B) Backward. C) Underdeveloped. D) All of these. Show Answer Correct Answer: D) All of these. 16. Underemployment occurs- A) When people are not willing to work. B) When people are working slowly. C) When people are working less than what they are capable of doing. D) When people are not paid for their jobs. Show Answer Correct Answer: C) When people are working less than what they are capable of doing. 17. To protect the goods produced in India from imports Government made use of A) Quotas. B) Tariff. C) Both a and b. D) Neither a nor b. Show Answer Correct Answer: C) Both a and b. 18. What was the life expectancy at birth in India on the eve of Independence? A) 44 years. B) 50 years. C) 60 years. D) All of these. Show Answer Correct Answer: A) 44 years. 19. What is the role of microfinance institutions in supporting workers in the informal sector? A) Microfinance institutions primarily focus on formal sector workers. B) They provide access to credit and financial services for informal sector entrepreneurs. C) Microfinance institutions only serve large corporations. D) They offer free financial advice to all workers. Show Answer Correct Answer: B) They provide access to credit and financial services for informal sector entrepreneurs. 20. What was the immediate crisis India faced in the beginning of the 1990s A) Inflation. B) Debt Trap. C) Foreign exchange crisis. D) All of the above. Show Answer Correct Answer: C) Foreign exchange crisis. ← PreviousNext →Related QuizzesIndian Economic Development Policy Quiz 1Indian Economic Development Policy Quiz 2Indian 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