This quiz works best with JavaScript enabled. Home > Indian Economy > Overview > Indian Economy – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. NO. 8 ALL THE STATES GOVT IMPOSED LAND CEILING IN 1960 EXCEPT A) NORTH-EASTERN. B) SOUTH-EASTERN. C) SOUTH-WESTERN. D) NORTH-WESTERN. Show Answer Correct Answer: A) NORTH-EASTERN. 2. What was the motive behind the de-industrialisation by the colonial Govt. in India? A) To make India a supplier of cheap raw materials. B) India to be a market for British Manufactured goods. C) Both a and b. D) None. Show Answer Correct Answer: C) Both a and b. 3. Using leather we make shoes this is the example of which sector A) Tertiary. B) Primary. C) Secondary. D) None of these. Show Answer Correct Answer: C) Secondary. 4. Liberalisation Policy is announced on A) 24 July 1991. B) 30 July 1991. C) 5 JUly 1991. D) 20 July 1991. Show Answer Correct Answer: A) 24 July 1991. 5. New economic policy was announced in the year A) 1990. B) 1991. C) 1992. D) 1993. Show Answer Correct Answer: B) 1991. 6. It is defined as a situation where someone of working age is not able to get a job but would like to be in full employment A) Unemployment. B) Poverty. C) Employment. D) Irrigation. Show Answer Correct Answer: A) Unemployment. 7. The British Fabian society influenced the economic views of A) Indira Gandhi. B) Mohandas Gandhi. C) Jawaharlal Nehru. D) Earl Mountbatten. Show Answer Correct Answer: C) Jawaharlal Nehru. 8. Which of the following activities are covered under secondary sector A) It generates services rather than goods. B) Natural product are changed through manufacturing. C) Goods are produced by exploiting natural resources. D) It includes agriculture, forestry and dairy. Show Answer Correct Answer: B) Natural product are changed through manufacturing. 9. In how many districts MGNREGA was introduced A) 625. B) 425. C) 525. D) 325. Show Answer Correct Answer: A) 625. 10. When we produce goods by exploiting natural resources, it is an activity of the ..... sector. A) Primary. B) Secondary. C) Tertiary. D) Service. Show Answer Correct Answer: A) Primary. 11. Which sector faced a major downfall during the reforms? A) Industrial. B) Agriculture. C) Service. D) None of above. Show Answer Correct Answer: B) Agriculture. 12. Individuals who come up with a new idea for a good or service, then they make it a reality A) Resource. B) Human resources. C) Consumer. D) Entrepreneur. Show Answer Correct Answer: D) Entrepreneur. 13. Which of the following is not a long period objective of planning in India? A) GDP growth. B) Full employment. C) Better quality of life. D) Equitable distribution. Show Answer Correct Answer: C) Better quality of life. 14. '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. 15. Spending is when you A) Save something. B) Invest something. C) Budget something. D) Purchase something. Show Answer Correct Answer: D) Purchase something. 16. Who developed HYV seeds? A) Normal Borlaug. B) Norten Borlaug. C) Norah Jones. D) Normal Jones. Show Answer Correct Answer: A) Normal Borlaug. 17. 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. 18. 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. 19. 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. 20. The first wholly Indian Bank was set up in A) 1891. B) 1894. C) 1921. D) 1821. Show Answer Correct Answer: B) 1894. Next →Related QuizzesIndian Economy QuizzesIndian 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