This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. NO. 8 ALL THE STATES GOVT IMPOSED LAND CEILING IN 1960 EXCEPT A) NORTH-EASTERN. B) SOUTH-EASTERN. C) SOUTH-WESTERN. D) NORTH-WESTERN. Show Answer Correct Answer: A) NORTH-EASTERN. 2. What was the motive behind the de-industrialisation by the colonial Govt. in India? A) To make India a supplier of cheap raw materials. B) India to be a market for British Manufactured goods. C) Both a and b. D) None. Show Answer Correct Answer: C) Both a and b. 3. Minimum Wages Act and Factories Act, Payment of Gratuity Act, Shops and Establishment Act are some of the laws associated with A) Unorganized sector. B) Organized sector. C) Primary sector. D) Private sector. Show Answer Correct Answer: B) Organized sector. 4. ..... gradually became the most important in total production and employment? A) Secondary sector. B) Primary sector. C) Public sector. D) All of these. Show Answer Correct Answer: A) Secondary sector. 5. Full form of GDP is A) Gross domestic part. B) Gross Domestic Product. C) Gross Double Product. D) All of the above. Show Answer Correct Answer: B) Gross Domestic Product. 6. Using leather we make shoes this is the example of which sector A) Tertiary. B) Primary. C) Secondary. D) None of these. Show Answer Correct Answer: C) Secondary. 7. Name one type of classification of the economy? A) State/national. B) Urban. C) Public/private. D) Rural. Show Answer Correct Answer: C) Public/private. 8. ..... is the most comfortable and prestigious mode of transport. A) Pipeline. B) Railways. C) Airways. D) None of above. Show Answer Correct Answer: C) Airways. 9. Liberalisation Policy is announced on A) 24 July 1991. B) 30 July 1991. C) 5 JUly 1991. D) 20 July 1991. Show Answer Correct Answer: A) 24 July 1991. 10. New economic policy was announced in the year A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: B) 1991. 11. It is defined as a situation where someone of working age is not able to get a job but would like to be in full employment A) Unemployment. B) Poverty. C) Employment. D) Irrigation. Show Answer Correct Answer: A) Unemployment. 12. GDP IS THE TOTAL VALUE OF ..... PRODUCED DURING A PARTICULAR YEAR. A) ALL GOODS AND SERVICES. B) ALL FINAL GOODS AND SERVICES. C) ALL INTERMEDIATE GOODS AND SERVICES. D) ALL INTERMEDIATE AND FINAL GOODS AND SERVICES. Show Answer Correct Answer: B) ALL FINAL GOODS AND SERVICES. 13. The roads that connects all the metro cities in India is known as- A) Golden Quadrilateral. B) Super Highways. C) National Highways. D) State Highways. Show Answer Correct Answer: A) Golden Quadrilateral. 14. The British Fabian society influenced the economic views of A) Indira Gandhi. B) Mohandas Gandhi. C) Jawaharlal Nehru. D) Earl Mountbatten. Show Answer Correct Answer: C) Jawaharlal Nehru. 15. Which of the following activities are covered under secondary sector A) It generates services rather than goods. B) Natural product are changed through manufacturing. C) Goods are produced by exploiting natural resources. D) It includes agriculture, forestry and dairy. Show Answer Correct Answer: B) Natural product are changed through manufacturing. 16. In how many districts MGNREGA was introduced A) 625. B) 425. C) 525. D) 325. Show Answer Correct Answer: A) 625. 17. When we produce goods by exploiting natural resources, it is an activity of the ..... sector. A) Primary. B) Secondary. C) Tertiary. D) Service. Show Answer Correct Answer: A) Primary. 18. A sole trader operates in the ..... A) Public sector. B) Private sector. C) Third sector. D) None of above. Show Answer Correct Answer: B) Private sector. 19. Which sector faced a major downfall during the reforms? A) Industrial. B) Agriculture. C) Service. D) None of above. Show Answer Correct Answer: B) Agriculture. 20. Individuals who come up with a new idea for a good or service, then they make it a reality A) Resource. B) Human resources. C) Consumer. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. Next →Related QuizzesIndian Economy Quiz 2Indian Economy Quiz 3Indian Economy Quiz 4Indian Economy Quiz 5Indian Economy Quiz 6Indian Economy Quiz 7Indian Economy Quiz 8Indian Economy Quiz 9Indian Economy Quiz 10Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books