This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy – Quiz 9 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 9 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Railway is an example of: A) Private Sector. B) Public Sector. C) Secondary Sector. D) None of these. Show Answer Correct Answer: B) Public Sector. 2. Assertion(A):Leela works five days a week, receives her income on the last day of each month and gets medical facilities from her firm. A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is not the correct explanation of A. C) Assertion is true, but reason is false. D) Assertion is false, but reason is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 3. ASSERTION(A):Provision of facilities like education, electricity, health etc., is a responsibility of a Private sector.REASON(R):It is the responsibility of Companies to give funds and provide these facilities. 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 correct explanation of R. C) A is true but R is false. D) Both A and R are False. Show Answer Correct Answer: D) Both A and R are False. 4. Which of the following is a direct tax? A) Corporation tax. B) Custom duty. C) Excise duty. D) Service tax. Show Answer Correct Answer: A) Corporation tax. 5. Which was the main factor for the change from primary sector to the secondary sector? A) It was due to the introduction of new methods of manufacturing during industrial revolution. B) It was due to the introduction of new methods of manufacturing during green revolution. C) It was due to the introduction of new methods of irrigation during green revolution. D) None of above. Show Answer Correct Answer: A) It was due to the introduction of new methods of manufacturing during industrial revolution. 6. What is the cost sharing between Centre and States under the Kasturba Gandhi Balika Vidyalaya Scheme? A) 90:10. B) 50:50. C) 75:25. D) 25:75. Show Answer Correct Answer: C) 75:25. 7. What type of an economy does India have? A) Mixed. B) Market. C) Command. D) Traditional. Show Answer Correct Answer: A) Mixed. 8. An Entrepreneur A) Owns his/her own company. B) Is a teacher. C) Works at Chick Fil A. D) Is a NASCAR driver. Show Answer Correct Answer: A) Owns his/her own company. 9. Which sector of the indian economy was affected the most by Demonetization? A) Exports. B) Tourism. C) Banking. D) Labour. Show Answer Correct Answer: D) Labour. 10. Which of the following programs was launched LAST? A) Mid-Day Meal Scheme. B) Fabian-society System. C) Public Distribution System. D) Mahatma Gandhi National Rural Employment Guarantee Act. Show Answer Correct Answer: D) Mahatma Gandhi National Rural Employment Guarantee Act. 11. Which state become the first 'Nirmal State'in the India? A) Assam. B) Tripura. C) Meghalaya. D) Sikkim. Show Answer Correct Answer: D) Sikkim. 12. First Industrial resolution policy A) 1948. B) 1956. C) 1977. D) 1991. Show Answer Correct Answer: A) 1948. 13. Which is tha following is tha Banker of Banks? A) IDBI. B) SBI. C) RBI. D) SBI and RBI. Show Answer Correct Answer: C) RBI. 14. Which of the following statement is NOT correct about the quota at the IMF? A) Voting power in the IMF is based on a quota system. B) USA has highest quota in the IMF. C) Germany has third highest quota in the IMF. D) Indian quota in the IMF stands at 2.79% of the total quotal quota. Show Answer Correct Answer: C) Germany has third highest quota in the IMF. 15. Which of the following policies may be used during a recession, to lower taxes? A) Expansionary fiscal policy. B) Contractionary fiscal policy. C) Expansionary monetary policy. D) Contractionary monetary policy. Show Answer Correct Answer: A) Expansionary fiscal policy. 16. Industrial policy 1991 was announced in how many stages? A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: B) 2. 17. Who is responsible for the supply of coins in the India? A) Reserve bank Of India. B) Ministry of finance. C) Ministry of commerce and industry. D) Banker's association of India. Show Answer Correct Answer: B) Ministry of finance. 18. Which sector employs a mojority of people in India? A) Agriculture sector. B) Industrial sector. C) Services sector. D) All of the above. Show Answer Correct Answer: A) Agriculture sector. 19. Cold weather in Florida has damaged this year's orange crop. Farmers have only half of the usual amount of oranges to sell. What will happen to the price of oranges? A) Price will go down. B) Price may change. C) Price will go up. D) Price may not change. Show Answer Correct Answer: C) Price will go up. 20. As per Niti Aayog ..... jobs can be created by improvement of education sector A) 15 LAKH. B) 10 LAKH. C) 20 LAKH. D) 30 LAKH. Show Answer Correct Answer: C) 20 LAKH. ← 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 10Indian Economy Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books