This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 'Take off stage' in an economy means? A) Steady growth begins. B) Economy is stagnant. C) Economy is about to collapse. D) All controls are removed. Show Answer Correct Answer: A) Steady growth begins. 2. Why was the World Bank established? A) To promote the International Trade. B) To reconstruct the economies damaged during the Second World War. C) To improve the adverse Balance of Payment situation of the nonmember countries. D) None of the above. Show Answer Correct Answer: B) To reconstruct the economies damaged during the Second World War. 3. What are the groups of classification of an economy called? A) Centers. B) Types. C) Sectors. D) Categories. Show Answer Correct Answer: C) Sectors. 4. Which one of the following does not belong to the tertiary sector? A) Banking. B) Trade. C) Transport. D) Fishing. Show Answer Correct Answer: D) Fishing. 5. Information and Technology is a part of ..... A) Primary Sector. B) Secondary Sector. C) Tertiary Sector. D) All of these. Show Answer Correct Answer: C) Tertiary Sector. 6. Spending is when you A) Save something. B) Invest something. C) Budget something. D) Purchase something. Show Answer Correct Answer: D) Purchase something. 7. Who developed HYV seeds? A) Normal Borlaug. B) Norten Borlaug. C) Norah Jones. D) Normal Jones. Show Answer Correct Answer: A) Normal Borlaug. 8. NREGA has guaranteed ..... days of employment in a year in many districts of India. What is the correct number of days? A) 200 days. B) 30 days. C) 100 days. D) 60 days. Show Answer Correct Answer: C) 100 days. 9. In which year did india have its highest growth rate A) 2007-12. B) 1980-91. C) 2014-15. D) 2012-13. Show Answer Correct Answer: C) 2014-15. 10. In 1973 and 2003 which sector had maximum share in GDP in India? A) 1973-Primary Sector. 2003-Tertiary Sector. B) 1973-Secondary Sector. 2003-Tertiary Sector. C) 1973-Primary Sector. 2003-Service Sector. D) 2003-Primary Sector. 1973-Tertiary Sector. Show Answer Correct Answer: A) 1973-Primary Sector. 2003-Tertiary Sector. 11. The first wholly Indian Bank was set up in A) 1891. B) 1894. C) 1921. D) 1821. Show Answer Correct Answer: B) 1894. 12. Life insurance is an activity of the A) Primary sector. B) Secondary sector. C) Service sector. D) None of the above. Show Answer Correct Answer: C) Service sector. 13. When there is a shortage the price will usually? A) Rise. B) Fall. C) Remains unaffected. D) None of the above. Show Answer Correct Answer: A) Rise. 14. The highway projects in India are being implemented by which organisation? A) GAIL. B) NTPC. C) NHAI. D) NDDB. Show Answer Correct Answer: C) NHAI. 15. Sustainable development does not include which of the following? A) Economic development. B) Social development. C) Environmental development. D) Educational development. Show Answer Correct Answer: D) Educational development. 16. Identify the public sector A) Railways. B) Reliance. C) Jio. D) Samsung. Show Answer Correct Answer: A) Railways. 17. GDP 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. 18. What is the current rate of service tax in India currently? A) 12.5%. B) 13.5%. C) 14%. D) 14.5%. Show Answer Correct Answer: C) 14%. 19. What is the type of Indian economy? A) Socialist. B) Communist. C) Capitalist. D) Mixed. Show Answer Correct Answer: D) Mixed. 20. Our financial system has provided for the transfer of resources from the centre to the states; the important means of resource transfer are A) Tax sharing. B) Grants in aid. C) Loans. D) All the three. Show Answer Correct Answer: D) All the three. ← PreviousNext →Related QuizzesIndian Economy Quiz 1Indian 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