This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is 'Laiseez-faire'? A) Mixed economy. B) Controlled economy. C) Non-interference of Government in economic affairs. D) None of these. Show Answer Correct Answer: C) Non-interference of Government in economic affairs. 2. Which among the following is not an international agreement centered around Finance and Economic Cooperation? A) Abuja Treaty. B) Cooperation Council for the Arab States of the Gulf. C) Kyoto protocol. D) None of the above. Show Answer Correct Answer: C) Kyoto protocol. 3. How many companies are included in the SENSEX? A) 30. B) 50. C) 111. D) 25. Show Answer Correct Answer: A) 30. 4. Which of the following option is not related to the given statement? Cultivation of cotton is a primary sector activity because A) It provides raw material to the textile industry, a secondary sector activity. B) The making of cotton is partially depended on natural factors like rain, sunshine, soil, etc. C) Cotton growing falls under agriculture, that is an activity which exploits natural resources of gifts of nature. D) It is the most important sector contributing to the country's GDP. Show Answer Correct Answer: D) It is the most important sector contributing to the country's GDP. 5. RTE Act come into force with effect from which year? A) 2009. B) 2012. C) 2005. D) 2010. Show Answer Correct Answer: D) 2010. 6. At independence, about ..... of the country's population was dependent on agriculture. A) 70%. B) 75%. C) 65%. D) 80%. Show Answer Correct Answer: B) 75%. 7. When an economy produces more output per capital the economy is said to be having A) Inflation. B) Economic growth. C) Economic planning. D) Living standard. Show Answer Correct Answer: B) Economic growth. 8. Which of the following statements best defines FDI? A) Buying shares of companies in a foreign country without gaining control over management. B) Loans from multilateral institutions like IMF and World Bank. C) Investment in foreign assets to acquire lasting business interest. D) Foreign currency deposits of non-resident citizens. Show Answer Correct Answer: C) Investment in foreign assets to acquire lasting business interest. 9. Reserve Bank of India was nationalized in the year A) 1950. B) 1948. C) 1949. D) 1947. Show Answer Correct Answer: C) 1949. 10. Workers in the ..... sector do not produce goods. A) Primary. B) Secondary. C) Tertiary. D) None of above. Show Answer Correct Answer: C) Tertiary. 11. Indian Green Revolution is most successful in:- A) Wheat and Rice. B) Wheat and Vegetables. C) Rice and Pulses. D) Tea and Coffee. Show Answer Correct Answer: A) Wheat and Rice. 12. Which one of the following state is NOT connected with the H. V. j. pipeline? A) Madhya Pradesh. B) Gujurat. C) Uttar Pradesh. D) Maharastra. Show Answer Correct Answer: D) Maharastra. 13. What is the share of industry sector in GDP? A) 14%. B) 26%. C) 60%. D) 75%. Show Answer Correct Answer: B) 26%. 14. Who among the following presented the first budget (interim) of Independent India? A) Jawaharlal Nehru. B) R K Shanmukham Chetty. C) N.D. Tiwari. D) Morarji Desai. Show Answer Correct Answer: B) R K Shanmukham Chetty. 15. The government of India announced its first Industrial Policy in April ..... A) 1947. B) 1948. C) 1956. D) 1961. Show Answer Correct Answer: B) 1948. 16. Mining is an activity under A) Primary Sector. B) Secondary sector. C) Tertiary sector. D) All of these. Show Answer Correct Answer: A) Primary Sector. 17. When was IMF established? A) Dec. 27, 1945. B) Jan. 30, 1947. C) Jan.1, 1946. D) Sept. 24, 1947. Show Answer Correct Answer: A) Dec. 27, 1945. 18. Which of the following was the main objective of NREGA 2005 A) To control the unorganized sector in the rural areas. B) To provide a 100 days of employment by the government. C) To control the flow of money from the primary sector to the tertiary sector. D) None of the above. Show Answer Correct Answer: B) To provide a 100 days of employment by the government. 19. Reforms were introduced during A) 1991. B) 1992. C) 1993. D) 1994. Show Answer Correct Answer: A) 1991. 20. An industry that experienced immense growth in the 1940s through discovery. A) Oil and gas. B) Cattle. C) Farming. D) Urbanization. Show Answer Correct Answer: A) Oil and gas. ← PreviousNext →Related QuizzesIndian Economy Quiz 1Indian Economy Quiz 2Indian 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