This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economic Development Policy – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the primary goal of closing the gender gap in labor force participation rates? A) To reduce women's economic independence. B) To ensure equal employment opportunities and economic empowerment for women. C) To increase the retirement age for women. D) To prioritize men's employment over women's. Show Answer Correct Answer: B) To ensure equal employment opportunities and economic empowerment for women. 2. When was the planning commission set up? A) 1949. B) 1950. C) 1951. D) 1850. Show Answer Correct Answer: B) 1950. 3. What percentage of Indian population was engaged in agriculture A) 50. B) 40. C) 72. D) 84. Show Answer Correct Answer: C) 72. 4. Depreciation means: A) Destruction of a factory due to fire. B) Loss in fixed assets due to normal wear and tear. C) Loss in fixed assets due to earthquake. D) Shut-down of a factory due to strike. Show Answer Correct Answer: B) Loss in fixed assets due to normal wear and tear. 5. Real flow is also known as A) Nominal flow. B) Physical flow. C) Money flow. D) Both a and b. Show Answer Correct Answer: B) Physical flow. 6. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.? A) Multiple cropping. B) Green revolution. C) Crop insurance. D) HYV. Show Answer Correct Answer: C) Crop insurance. 7. Competition and free enterprise are most common in which type of economic system? A) A traditional. B) B market. C) C communist. D) D planned. Show Answer Correct Answer: B) B market. 8. Which of the following is poverty estimation tool A) Sen index. B) Poverty gap index. C) Squared poverty index. D) All of the above. Show Answer Correct Answer: D) All of the above. 9. British policies transformed the country into a ..... of raw material and ..... of finished goods from Britain. A) Consumer, supplier. B) Supplier, consumer. Show Answer Correct Answer: B) Supplier, consumer. 10. Which regulatory body plays a central role in overseeing India's financial sector? A) Securities and Exchange Board of India (SEBI). B) Reserve Bank of India (RBI). C) Ministry of Finance. D) Competition Commission of India (CCI). Show Answer Correct Answer: B) Reserve Bank of India (RBI). 11. One of the following is not associated with a socialist economy identify the feature A) The economy has no private property and everything is owned by the state. B) The government provides free health care to those who need it. C) Incomes are more or less equally distributed. D) It is called a free market economy. Show Answer Correct Answer: D) It is called a free market economy. 12. The sector under which activities involves exploitation of the natural resources is ..... A) Primary sector. B) Secondary sector. C) Tertiary sector. D) Quaternary sector. Show Answer Correct Answer: A) Primary sector. 13. The first poverty line line in India was discussed by A) Dadabhai Naoroji. B) PC Mahalanobis. C) VKRV Rao. D) Amartya Sen. Show Answer Correct Answer: A) Dadabhai Naoroji. 14. Which of the following implies use of advanced technology? A) Modernisation. B) Liberailisation. C) Privatisation. D) Gloabalisation. Show Answer Correct Answer: A) Modernisation. 15. Who is the governor of RBI at present. A) Urjit Patel. B) Shakti Kant Das. C) Raghuram Rajan. D) Manmohan Singh. Show Answer Correct Answer: B) Shakti Kant Das. 16. Name the Finance Minister of India A) Arun Jetly. B) Nirmala Sitaraman. C) Urjit Patel. D) P.Chidambaram. Show Answer Correct Answer: B) Nirmala Sitaraman. 17. How were the third category of industries allocated to private sector kept under state control? A) Allocation of capital goods. B) Industrial licensing. C) State distribution of goods. D) Procurement of goods by government only. Show Answer Correct Answer: B) Industrial licensing. 18. The economic term used to rank countries according to human development is ..... A) GDP Per Capita. B) GNP. C) Gini. D) HDI. Show Answer Correct Answer: D) HDI. 19. Abolition of intermediateries and Land ceiling are part of A) Industrial reforms of India. B) External sector reforms in India. C) Land reforms in India. D) Banking reforms in India. Show Answer Correct Answer: C) Land reforms in India. 20. Based on monetary value (per capita expenditure ) of the minimum calorie intake, in 2011-12, the poverty line was defined for rural areas as consumption worth Rs ..... per person per month and for urban area it was Rs ..... A) 1000, 816. B) 816, 1000. C) 815, 1000. D) 1000, 800. Show Answer Correct Answer: B) 816, 1000. ← 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 7Indian Economic Development Policy Quiz 9Indian Economic Development Policy Quiz 10Indian Economic Development Policy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books