This quiz works best with JavaScript enabled. Home > Indian Economy > Overview > Indian Economy – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 10 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Hidden unemployment is also called ..... A) Seasonal Unemployment. B) Disguised Unemployment. C) Educational Unemployment. D) None of these. Show Answer Correct Answer: B) Disguised Unemployment. 2. Farmers in California have had wonderful weather. They have produced the largest crop of watermelons in years. What will happen to the price of watermelons? A) Price will go down. B) Price will go up. C) Price may change. D) Price remains unaffected. Show Answer Correct Answer: A) Price will go down. 3. Total investment in public sector unit in 1951 was ..... A) 25 crores. B) 100 crores. C) 29 crores. D) 11, 08, 331 crores. Show Answer Correct Answer: C) 29 crores. 4. GDP of a country is based on ..... A) Total value of goods and services. B) Final value of goods and services. C) Initial value of goods and services. D) All of these. Show Answer Correct Answer: B) Final value of goods and services. 5. Literacy rate of a country affects its standard of living of the people A) True. B) False. C) Maybe. D) Dont know. Show Answer Correct Answer: A) True. 6. This quiz based on Sectors of Indian economy chapter is prepared by ..... A) R P Rao KV NEPA BARAPANI. B) SANDEEP TIWARY KV NEPA BARAPANI. C) JAGDEV SUTHAR KV NEPA BARAPANI. D) MEWA LAL KV NEPA BARAPANI. Show Answer Correct Answer: C) JAGDEV SUTHAR KV NEPA BARAPANI. 7. Private and public sectors run in which economy system A) Socialist. B) Mixed. C) Capitalist. D) Both socialist and capitalist. Show Answer Correct Answer: B) Mixed. 8. Gross domestic capital formation is defined as A) Net addition to stock after depreciation. B) Flow of expenditure devoted to increased or maintaining of the capital stock. C) Expenditure incurred on physical assets only. D) Production exceeding demand. Show Answer Correct Answer: A) Net addition to stock after depreciation. 9. In which year the MRTP Act has been started? A) June 1970. B) January 1980. C) June 1975. D) February 1996. Show Answer Correct Answer: A) June 1970. 10. D largest economy in the world as per purchase power parity A) US. B) China. C) Germany. D) India. Show Answer Correct Answer: D) India. 11. Which of the following policies may be used to increase money supply and lower interest rates? A) Expansionary fiscal policy. B) Contractionary fiscal policy. C) Expansionary monetary policy. D) Contractionary monetary policy. Show Answer Correct Answer: C) Expansionary monetary policy. 12. What is the full form of SSA? A) Sarva Shiksha Abhiyan. B) Sarva Seva Abhiyan. C) Social Shiksha Abhiyan. D) Social Service Abhiyan. Show Answer Correct Answer: A) Sarva Shiksha Abhiyan. 13. The latest devaluation of rupee was done in which of the following year? A) 1990. B) 1981. C) 1991. D) 1997. Show Answer Correct Answer: C) 1991. 14. Globalisation has led to to improvement in living conditions A) Of all the people. B) Of people in the developed countries. C) Of workers in the developing countries. D) None of the above. Show Answer Correct Answer: C) Of workers in the developing countries. 15. How many sectors are there in an economy from these-Primary, Secondary and Tertiary sector ..... A) Two. B) Three. C) One. D) None of these. Show Answer Correct Answer: B) Three. 16. Which of the following country is not the member of the WTO? A) Iran. B) Azerbaijan. C) Belarus. D) None of these. Show Answer Correct Answer: D) None of these. 17. What was the condition of India's foreign trade under British rule A) Net importer of raw materials. B) Net exporter of raw materials. C) Net importer of finished goods. D) Both b and c. Show Answer Correct Answer: D) Both b and c. 18. Difference between the total value of exports and imports is called. A) Balance of Payment. B) Balance of Trade. C) Surplus Budget. D) Deficit Balance. Show Answer Correct Answer: B) Balance of Trade. 19. Directive Planning is pursued under:- A) Capitalist Economy. B) Socialist Economy. C) Mixed Economy. D) None of these. Show Answer Correct Answer: A) Capitalist Economy. 20. In which year the National Rural Health Mission started in India? A) 2002. B) 2003. C) 2004. D) 2005. Show Answer Correct Answer: D) 2005. ← PreviousNext →Related QuizzesIndian Economy 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 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books