This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Tariffs and quotas adopted under industrial policy was to ..... A) Increase export. B) Make exported goods cheaper. C) Increase foreign competition. D) Restrict imports and protect domestic firms from foreign competition. Show Answer Correct Answer: D) Restrict imports and protect domestic firms from foreign competition. 2. Nehru's reforms forbade large, private companies from participating in all of the following industries EXCEPT A) Electricity production. B) Steel production. C) Textiles. D) Automobile. Show Answer Correct Answer: D) Automobile. 3. The percentage of indirect taxes in the country's revenue is approximately A) 75. B) 86. C) 80. D) 70. Show Answer Correct Answer: B) 86. 4. Which of the following Acts would not apply to a company like TISCO? A) Minimum Wages Act. B) National Rural Employment Guarantee Act. C) Factories Act. D) Payment of Gratuity Act. Show Answer Correct Answer: B) National Rural Employment Guarantee Act. 5. NO.11 WHEN WAS PLANNING COMMISSION ESTABLISHED A) 25 MARCH 1951. B) 15 MARCH 1951. C) 5 MARCH 1951. D) 20 MARCH 1951. Show Answer Correct Answer: B) 15 MARCH 1951. 6. This quiz is based on chapter no 4 Globalisation and The Indian is prepared by- A) Jagdev Suthar KV NEPA. B) H S Verma KV NEPA. C) Sandeep Tiwary KV NEPA. D) A K Mishra KV NEPA. Show Answer Correct Answer: A) Jagdev Suthar KV NEPA. 7. Which of the following activities does not belong to the primary sector? A) Fishing. B) Banking. C) Mining. D) Forestry. Show Answer Correct Answer: B) Banking. 8. Which of the following is the primary objective of Economic planning in India? A) Abolition of poverty. B) Removing unemployment. C) Growth with social justice. D) Reducing Inequalities of Income. Show Answer Correct Answer: C) Growth with social justice. 9. Which one is the unorganized activity? A) A teacher taking class in a school. B) A doctor in a hospital treating a patient. C) A farmer irrigating his field. D) A factory worker going to work in a big factory. Show Answer Correct Answer: C) A farmer irrigating his field. 10. The activities in Primary, Secondary and Tertiary sectors are ..... A) Interlinked. B) Interrelated. C) Interdependent. D) None of above. Show Answer Correct Answer: C) Interdependent. 11. Which one is the correct option for the given statement? Dairy is a primary sector activity and not secondary sector despite the fact that 'industry' is attached to it, because A) Dairy products are availed through biological process of the animals. B) Availability of animal feed and fodder. C) The main product milk is a natural product. D) All of the above. Show Answer Correct Answer: D) All of the above. 12. Pick the incorrect option:GDP is defined as Gross Domestic Product of a country when we take into account the A) Value of final goods and services produced in each sector during a particular year, providing the total production of the sector for that year. B) The sum of production in the three sectors gives us the GDP. C) The value of intermediate goods that are used in making the final goods. D) None of the above is incorrect. Show Answer Correct Answer: C) The value of intermediate goods that are used in making the final goods. 13. Assertion (A):The value of final goods and services produced within a country in each sector in a particular year is known as Gross Domestic Product. 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: A) Both A and R are true and R is the correct explanation of A. 14. What is the backbone of Indian economy A) Agriculture. B) Industry. C) Service. D) None of theses. Show Answer Correct Answer: A) Agriculture. 15. Which of the following is not a benefit of green revolution? A) Increase in marketed surplus. B) Increase in price of food grains. C) Buffer stock. D) Self-sufficiency. Show Answer Correct Answer: B) Increase in price of food grains. 16. Which year is called Great divide year? A) 1921. B) 1991. C) 1891. D) 1821. Show Answer Correct Answer: A) 1921. 17. The sectors are classified into public on the basis of: A) Employment conditions. B) Ownership of enterprises. C) The nature of the economic activity. D) Number of workers employed in the enterprise. Show Answer Correct Answer: B) Ownership of enterprises. 18. MTNL is an example of ..... Entrprise A) Public sector. B) Private sector. C) Both public sector and private sector. D) Public private partnership. Show Answer Correct Answer: A) Public sector. 19. Production of a commodity, mostly through the natural process, is an activity in sector. A) Primary. B) Secondary. C) Tertiary. D) Information technology. Show Answer Correct Answer: A) Primary. 20. On which of the following basis the sectors are classified into public sector and private sector? A) Employment conditions. B) The nature of the economic activity. C) Ownership of enterprises. D) Number of workers employed in the enterprise. Show Answer Correct Answer: C) Ownership of enterprises. ← PreviousNext →Related QuizzesIndian Economy Quiz 1Indian Economy Quiz 2Indian Economy Quiz 3Indian Economy Quiz 4Indian Economy Quiz 5Indian Economy Quiz 7Indian Economy Quiz 8Indian Economy Quiz 9Indian Economy Quiz 10Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books