This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 18 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 18 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the last decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India? A) Chemicals other than fertilizers. B) Services sector. C) Food processing. D) Telecommunication. Show Answer Correct Answer: D) Telecommunication. 2. Special Economic Zones are being set up by ..... and ..... government. A) Central. B) Local. C) State. D) Central, State. Show Answer Correct Answer: D) Central, State. 3. In which year First five year plan started in India? A) 1950. B) 1961. C) 1951. D) 1960. Show Answer Correct Answer: C) 1951. 4. Which of these can be considered as basic services? A) Growing of wheat. B) Transport. C) Storage. D) Police Station. Show Answer Correct Answer: D) Police Station. 5. Which one of the following types of communication service in India is the largest in the world? A) Postal network. B) Television network. C) Internet services. D) Radio broadcasting. Show Answer Correct Answer: A) Postal network. 6. Tools we use to make products A) Capital resources. B) Human resources. C) Natural resources. D) Entrepreneurs. Show Answer Correct Answer: A) Capital resources. 7. What was the literacy rate of India in 2017? A) 65%. B) 70.4%. C) 74.4%. D) 79.5%. Show Answer Correct Answer: C) 74.4%. 8. GDP stands for Gross Domestic Product. What does it show? Pick up the correct statement given below A) It shows how big is the economy of a country in a given year in terms of its total output. B) It shows what the total product of a country in a given year without counting the country's total resources. C) It shows the number of people involved in production in a particular year. D) It shows the total value of trade trans-actions of a country in a particular year. Show Answer Correct Answer: A) It shows how big is the economy of a country in a given year in terms of its total output. 9. The people who make the products come to the consumers by transportation are called ..... A) Businessman. B) Retailers. C) Traders. D) Industrialists. Show Answer Correct Answer: C) Traders. 10. Assertion (A):Service sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associated with. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true but R is not the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: D) A is false but R is true. 11. How much public sector was exist in 1951? A) 5. B) 10. C) 29. D) 14. Show Answer Correct Answer: A) 5. 12. POPULATION OF INDIA IN 2011 CENSUS A) 121.08. B) 130.87. C) 120.00. D) 130.87. Show Answer Correct Answer: A) 121.08. 13. Which one of the following has a lower Nominal GDP per capita more than India? A) Estwani. B) Kosovo. C) Madagascar. D) Gabon. Show Answer Correct Answer: C) Madagascar. 14. Scarcity is the root of A) Social problems. B) All economic problems. C) Political problems. D) All problems. Show Answer Correct Answer: B) All economic problems. 15. The one rupee note nears the signature of: A) RBI Governor. B) President of India. C) Finance Minister. D) Finance Secretary. Show Answer Correct Answer: D) Finance Secretary. 16. What is the year of India's 12th Five year plan? A) 1997-2002. B) 2002-2007. C) 2007-2012. D) 2012-2017. Show Answer Correct Answer: D) 2012-2017. 17. Which one of the following means of transport is used for carrying solids in a slurry form? A) Truck. B) Railway. C) Pipeline. D) Ships. Show Answer Correct Answer: C) Pipeline. 18. Which of the following best describes horizontal foreign direct investment? A) FDI into industry that provides inputs to the firm. B) FDI into industry that uses the firms output. C) Long-term lending to the foreign enterprises. D) FDI in the same Industry abroad as the foreign investor for firm. Show Answer Correct Answer: D) FDI in the same Industry abroad as the foreign investor for firm. 19. What is the growth rate percapita income on the eve of Independence? A) 4%. B) 1/2 %. C) 2.5%. D) None of the above. Show Answer Correct Answer: B) 1/2 %. 20. FIND OUT THE ODD ONE OUT? A) TEACHER. B) DOCTOR. C) VEGETABLE VENDOR. D) LAWYER. Show Answer Correct Answer: C) VEGETABLE VENDOR. ← 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