This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 14 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 14 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Gross domestic capital formation is defined as A) Net addition to stock after depreciation. B) Flow of expenditure devoted to increased or maintaining of the capital stock. C) Expenditure incurred on physical assets only. D) Production exceeding demand. Show Answer Correct Answer: A) Net addition to stock after depreciation. 2. Which of the following is not applicable for a worker, who works in the organised sector? A) She gets a regular salary at the end of the month. B) She is not paid for leave. C) She gets medical allowance. D) She got an appointment letter stating the terms and conditions of work when she joins work. Show Answer Correct Answer: B) She is not paid for leave. 3. In which year the MRTP Act has been started? A) June 1970. B) January 1980. C) June 1975. D) February 1996. Show Answer Correct Answer: A) June 1970. 4. D largest economy in the world as per purchase power parity A) US. B) China. C) Germany. D) India. Show Answer Correct Answer: D) India. 5. Which of the following policies may be used to increase money supply and lower interest rates? A) Expansionary fiscal policy. B) Contractionary fiscal policy. C) Expansionary monetary policy. D) Contractionary monetary policy. Show Answer Correct Answer: C) Expansionary monetary policy. 6. What is the full form of SSA? A) Sarva Shiksha Abhiyan. B) Sarva Seva Abhiyan. C) Social Shiksha Abhiyan. D) Social Service Abhiyan. Show Answer Correct Answer: A) Sarva Shiksha Abhiyan. 7. The latest devaluation of rupee was done in which of the following year? A) 1990. B) 1981. C) 1991. D) 1997. Show Answer Correct Answer: C) 1991. 8. The Golden Quadrilateral Super Highways connect A) Delhi-Silchar-Madurai and Gandhinagar. B) Srinagar-Kanyakumari-Bhopal & Allahabad. C) Delhi-Mumbai-Chennai and Kolkata. D) Kashmir-Kanyakumari. Show Answer Correct Answer: C) Delhi-Mumbai-Chennai and Kolkata. 9. Globalisation has led to to improvement in living conditions A) Of all the people. B) Of people in the developed countries. C) Of workers in the developing countries. D) None of the above. Show Answer Correct Answer: C) Of workers in the developing countries. 10. How many sectors are there in an economy from these-Primary, Secondary and Tertiary sector ..... A) Two. B) Three. C) One. D) None of these. Show Answer Correct Answer: B) Three. 11. Which of the following country is not the member of the WTO? A) Iran. B) Azerbaijan. C) Belarus. D) None of these. Show Answer Correct Answer: D) None of these. 12. What was the condition of India's foreign trade under British rule A) Net importer of raw materials. B) Net exporter of raw materials. C) Net importer of finished goods. D) Both b and c. Show Answer Correct Answer: D) Both b and c. 13. Difference between the total value of exports and imports is called. A) Balance of Payment. B) Balance of Trade. C) Surplus Budget. D) Deficit Balance. Show Answer Correct Answer: B) Balance of Trade. 14. In 2013-14, the sector that contributed highest to the GDP was A) Primary. B) Secondary. C) Tertiary. D) None of above. Show Answer Correct Answer: C) Tertiary. 15. Directive Planning is pursued under:- A) Capitalist Economy. B) Socialist Economy. C) Mixed Economy. D) None of these. Show Answer Correct Answer: A) Capitalist Economy. 16. In which year the National Rural Health Mission started in India? A) 2002. B) 2003. C) 2004. D) 2005. Show Answer Correct Answer: D) 2005. 17. Which state has the highest literacy rates in India A) Kerala. B) Karnataka. C) Tamil Nadu. D) Andhra Pradesh. Show Answer Correct Answer: A) Kerala. 18. Devaluation of a currency means A) Fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners. B) Fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies. C) Permitting the currency to seek its worth in the international market. D) Reduction in the value of a currency vis-a-vis major internationally traded currencies. Show Answer Correct Answer: D) Reduction in the value of a currency vis-a-vis major internationally traded currencies. 19. Which of the following activities are covered in the secondary sector? A) It generates services rather than goods. B) Natural products are changed through manufacturing. C) Goods are produced by exploiting natural resources. D) It includes agriculture, forestry, and mining. Show Answer Correct Answer: B) Natural products are changed through manufacturing. 20. Which country shares the highest percentage of Indian Imports A) USA. B) UAE. C) CHINA. D) BRITAIN. Show Answer Correct Answer: C) CHINA. ← 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