This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 16 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 16 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is full form of GDP ..... A) Government Domestic Product. B) Government Direct Production. C) Gross Direct Production. D) Gross Domestic Product. Show Answer Correct Answer: D) Gross Domestic Product. 2. Which article of the Constitution envisages Budget? A) Article 280. B) Article 110. C) Article 360. D) Article 112. Show Answer Correct Answer: D) Article 112. 3. Which one of the following countries has the largest telecom network in Asia? A) India. B) Pakistan. C) China. D) Russia. Show Answer Correct Answer: A) India. 4. If a person is ready to work at the prevailing wage rate in the market, but he is unable to find the work, then what type of unemployment would it be called? A) Voluntary unemployment. B) Involuntary unemployment. C) Seasonal unemployment. D) None of the above. Show Answer Correct Answer: B) Involuntary unemployment. 5. Which sector is also called as industrial sector? A) Primary sector. B) Secondary sector. C) Tertiary sector. D) None of these. Show Answer Correct Answer: B) Secondary sector. 6. What is the minimum weightage of life expectancy in HDI? A) 20%. B) 25%. C) 75%. D) 100%. Show Answer Correct Answer: B) 25%. 7. :Which of the following two programmes are merged with MGNREGA? A) SGRY & NFFWP. B) SGRY & SJSY. C) NFFWP & JRY. D) None of thes. Show Answer Correct Answer: A) SGRY & NFFWP. 8. In which year first official census was undertaken in India? A) 1991. B) 1881. C) 1871. D) 1851. Show Answer Correct Answer: B) 1881. 9. Improvement in transport has helped in promotion of A) Globalisation. B) Liberalisation. C) Privatisation. D) None of these. Show Answer Correct Answer: A) Globalisation. 10. The apex body for formulating plans and coordinating research work in agriculture and allied fields is A) National Bank for Agriculture and Rural Development (NABARD). B) Indian Council of Agricultural Research. C) State Trading Corporation. D) State Trading Corporation. Show Answer Correct Answer: A) National Bank for Agriculture and Rural Development (NABARD). 11. House wife teaching her children A) Economic activity. B) Public sector. C) Non-economic activity. D) Private sector. Show Answer Correct Answer: C) Non-economic activity. 12. Optimum Population is that ideal population which provides ..... A) Minimum Income per head. B) Maximum Income per head. C) Average Income per head. D) None of the above. Show Answer Correct Answer: B) Maximum Income per head. 13. Which committee give contribution for small scale industries? A) Alla banai. B) Abid Hussain. C) Azim Hussain. D) All. Show Answer Correct Answer: B) Abid Hussain. 14. What is MGNREGA? When was it implemented? A) Mahatma Gandhi National Rural Employment Guarantee Act, 2007. B) Mahatma Gandhi National Right Employment Guarantee Act, 2004. C) Mahatma Gandhi National Rural Employment Guarantee Act, 2005. D) Mahatma Gandhi National Rural Employment Guarantee Association, 2005. Show Answer Correct Answer: C) Mahatma Gandhi National Rural Employment Guarantee Act, 2005. 15. GDP I is the sum of A) All the goods and services produced in a year. B) All the final goods and services produced in a year. C) All the intermediate goods produced in a year. D) All the services produced in a year. Show Answer Correct Answer: B) All the final goods and services produced in a year. 16. After which Five Year Plan, there were three annual Plan? A) Second Five Year Plan. B) Third Five Year Plan. C) Fourth Five Year Plan. D) Fifth Five Year Plan. Show Answer Correct Answer: B) Third Five Year Plan. 17. Which of the following sentences would best describe the Indian economy in 1991? A) High inflation, low foreign exchange reserve. B) Low inflation, low foreign exchange reserves. C) High current account deficit, fiscal surplus. D) Current account surplus, huge fiscal deficit. Show Answer Correct Answer: A) High inflation, low foreign exchange reserve. 18. Which of the following is not the objective of the WTO? A) To improve the standard of living of peoples of the member countries. B) To enlarge production and trade of goods. C) To protect environment. D) To improve the Balance of Payment situation of the member countries. Show Answer Correct Answer: D) To improve the Balance of Payment situation of the member countries. 19. Which is the most important sector A) Primary. B) Tertiary. C) Secondary. D) None of above. Show Answer Correct Answer: A) Primary. 20. Primary sector is also known as A) Agriculture Sector. B) Manufacturing Sector. C) Natural Sector. D) Agriculture and related sector. Show Answer Correct Answer: D) Agriculture and related sector. ← 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