This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economic Development Policy – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The government imposed strict controls and licenses on ..... sector enterprise A) Government. B) Private. C) Production. D) Manufacturing. Show Answer Correct Answer: B) Private. 2. What was the growth rate of per capita income in India on the eve of Independence? A) 0.9%. B) 0.5%. C) 1.2%. D) 3%. Show Answer Correct Answer: B) 0.5%. 3. Poverty is the inability in secure the ..... consumption requirements for life, health and efficiency. A) Minimum. B) Maximum. C) Constant. D) Stable. Show Answer Correct Answer: A) Minimum. 4. Which year is known as the"Year of Great Divide" A) 1921. B) 1951. C) 1981. D) 1991. Show Answer Correct Answer: A) 1921. 5. Depreciation of fixed capital assets refers to? A) Normal wear and tear. B) Foreseen obsolescence. C) Normal wear and tear and foreseen obsolescence. D) None of these. Show Answer Correct Answer: C) Normal wear and tear and foreseen obsolescence. 6. The concept of normal residents applies to A) Individuals only. B) Institutions only. C) Both. D) None of them. Show Answer Correct Answer: C) Both. 7. Final goods refer to those goods which are used either for ..... or for ..... A) Consumption, investment. B) Consumption, resale. C) Resale, investment. D) Resale, further production. Show Answer Correct Answer: A) Consumption, investment. 8. Which of the following is a characteristic of people below the poverty line? A) Debt trap. B) Gender inequality. C) Poor health. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. Which sector has emerged as the largest producing sector in India. Select one from the following alternatives: A) Secondary sector. B) Tertiary sector. C) Primary sector. D) Technology sector. Show Answer Correct Answer: B) Tertiary sector. 10. "Ariana Rose purchases a new computer from the MYT Computer and paid by credit card." Based on the statement, choose the appropriate money function. A) A store of value. B) A measure of value. C) A medium of exchange. D) A standard of deferred payment tools. Show Answer Correct Answer: D) A standard of deferred payment tools. 11. How many industries are reserved for public sector at present A) 4. B) 17. C) 6. D) 3. Show Answer Correct Answer: D) 3. 12. Legally stipulated maximum size beyond which no individual farmer can hold any land A) Tenancy reforms. B) Abolition of intermediaries. C) Land consolidation. D) Land Ceiling. Show Answer Correct Answer: D) Land Ceiling. 13. Which of the following is wage employment Programme? A) Prime Minister Rozgar Yojana. B) Swarna Jayanti Gram Swarozgar Yojana. C) Swarna Jayanti Shahari Rozgar Yojana. D) Mahatma Gandhi National Rural Employment Guarantee Act. Show Answer Correct Answer: D) Mahatma Gandhi National Rural Employment Guarantee Act. 14. The colonial government never made any sincere attempt to estimate India's national and per capita income. Who among the following were the Indian estimators who attempted to measure such incomes?i) Dadabhai Naoroji ii) William Digby iii) V.K.R.V. Rao iv) Motilal Nehru A) I and ii. B) I and iii. C) I, iii and iv. D) None of above. Show Answer Correct Answer: B) I and iii. 15. What is the term for the condition in which an individual who is willing and able to work is unable to find suitable employment? A) Unemployment. B) Underemployment. C) Labor force participation. D) Wage stagnation. Show Answer Correct Answer: A) Unemployment. 16. The term Green Revolution has been used to indicate higher production through ..... A) Creation of grasslands. B) Planning more tree. C) Creation of gardens in urban areas. D) Enhanced agricultural productivity per hectare. Show Answer Correct Answer: D) Enhanced agricultural productivity per hectare. 17. Which of the following neighbouring countries has better performance in terms of human development than India? A) Bangladesh. B) Sri Lanka. C) Nepal. D) Pakistan. Show Answer Correct Answer: B) Sri Lanka. 18. The opening of suez canal in 1869: A) Raised the cost of goods transportation between Britain and India. B) Reduced exports of goods from India to foreign countries. C) Reduced the cost of transportation between Britain and India. D) Adversely affected Britain's monopoly control of india's trade. Show Answer Correct Answer: C) Reduced the cost of transportation between Britain and India. 19. India liberalized its trade policies reducing ..... and removing import licensing requirement A) Tax. B) Tariffs. C) Income. D) Wage. Show Answer Correct Answer: B) Tariffs. 20. RBI doesn't consist of A) Longevity. B) Knowledge. C) Life Expectancy. D) Standard of living. Show Answer Correct Answer: C) Life Expectancy. ← PreviousNext →Related 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 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