This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Arrange the following taxes in descending order according to the amount collected by the Government.1. Income tax 2. Corporation tax3. Service tax 4. Excise dutyCodes A) 1 > 2> 3>4. B) 2 > 1 > 3>4. C) 2 > 1 > 4> 3. D) 1 > 2> 4> 3. Show Answer Correct Answer: C) 2 > 1 > 4> 3. 2. Which sector has grown by 11 times in recent years A) Tertiary Sector. B) Primary Sector. C) Secondary Sector. D) None of above. Show Answer Correct Answer: A) Tertiary Sector. 3. Which of the following sector contribute highest to India's National Income? A) Service Sector. B) Agriculture Sector. C) Secondary Sector. D) Foreign Trade. Show Answer Correct Answer: A) Service Sector. 4. Which one of the following terms is used to describe trade between two or more countries? A) Internal trade. B) International trade. C) External trade. D) Local trade. Show Answer Correct Answer: B) International trade. 5. The MGNREGA implemented in A) 2004. B) 2005. C) 2006. D) 2007. Show Answer Correct Answer: B) 2005. 6. Who was the Chairman of the Indian's First Five Year Plan? A) P. C. Mahalanobis. B) Mahatmas Gandhi. C) Jawaharlal Nehru. D) None of these. Show Answer Correct Answer: C) Jawaharlal Nehru. 7. The full form of NREGP is: A) National Rural Employment Gurrantee Policy. B) National Rural Employment Gurrantee Program. C) National Rural Employer Gurrantee Policy. D) National Rural Employer Gurrantee program. Show Answer Correct Answer: B) National Rural Employment Gurrantee Program. 8. Most of the workers in ..... sector enjoy job security. A) Organised. B) Private. C) Unorganised. D) Public. Show Answer Correct Answer: D) Public. 9. National Income in India is estimated by:- A) Planning Commission. B) Reserve Bank of India. C) Finance Ministry. D) Central Statistical Organization. Show Answer Correct Answer: D) Central Statistical Organization. 10. Under employment occurs when people A) Dont want to work. B) Are not paid for their work. C) Are not skilled. D) Are working less than they are capable of. Show Answer Correct Answer: D) Are working less than they are capable of. 11. What you mean by tariffs? A) Tax Imposed on Imported Goods. B) Tax Imposed on exported goods. C) Tax Imposed on starting an Industry. D) None of these. Show Answer Correct Answer: A) Tax Imposed on Imported Goods. 12. Too many people working on one area of land A) Under-employed. B) Over-employed. C) Disguised employment. D) None of above. Show Answer Correct Answer: B) Over-employed. 13. Hidden unemployment is also called ..... A) Seasonal Unemployment. B) Disguised Unemployment. C) Educational Unemployment. D) None of these. Show Answer Correct Answer: B) Disguised Unemployment. 14. Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons? A) Price will go down. B) Price will go up. C) Price may change. D) Price remains unaffected. Show Answer Correct Answer: A) Price will go down. 15. Which sector is also called as service sector? A) Secondary sector. B) Primary sector. C) Tertiary sector. D) None of these. Show Answer Correct Answer: C) Tertiary sector. 16. Total investment in public sector unit in 1951 was ..... A) 25 crores. B) 100 crores. C) 29 crores. D) 11, 08, 331 crores. Show Answer Correct Answer: C) 29 crores. 17. GDP of a country is based on ..... A) Total value of goods and services. B) Final value of goods and services. C) Initial value of goods and services. D) All of these. Show Answer Correct Answer: B) Final value of goods and services. 18. Literacy rate of a country affects its standard of living of the people A) True. B) False. C) Maybe. D) Dont know. Show Answer Correct Answer: A) True. 19. This quiz based on Sectors of Indian economy chapter is prepared by ..... A) R P Rao KV NEPA BARAPANI. B) SANDEEP TIWARY KV NEPA BARAPANI. C) JAGDEV SUTHAR KV NEPA BARAPANI. D) MEWA LAL KV NEPA BARAPANI. Show Answer Correct Answer: C) JAGDEV SUTHAR KV NEPA BARAPANI. 20. Private and public sectors run in which economy system A) Socialist. B) Mixed. C) Capitalist. D) Both socialist and capitalist. Show Answer Correct Answer: B) Mixed. ← PreviousNext →Related QuizzesIndian Economy Quiz 1Indian 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books