This quiz works best with JavaScript enabled. Home > Indian Economy > Overview > Indian Economy – Quiz 13 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 13 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In the Private sector, the ownership lies in the hands of ..... A) Private properties. B) Private companies. C) Government. D) State. Show Answer Correct Answer: B) Private companies. 2. Which of the following sector does not comes under the service sector in India? A) Real estate. B) Transport. C) Restaurants & hotels. D) Formation of electronic television. Show Answer Correct Answer: D) Formation of electronic television. 3. Union Budget of India is presented by whom and in which house/ houses of the Parliament? A) Finance Minister of India; Lok Sabha. B) Prime Minister of India; Rajya Sabha. C) Cabinet Secretary; Both Lok Sabha and Rajya Sabha. D) President of India; in joint session of Parliament. Show Answer Correct Answer: A) Finance Minister of India; Lok Sabha. 4. In India, which one among the following formulates the fiscal policy? A) Planning Commission. B) Finance Commission. C) Ministry of Finance. D) The Reserve Bank of India. Show Answer Correct Answer: B) Finance Commission. 5. According to Abid Hussain committee the investment limit for tiny enterprises was raised from 2 lakhs to ..... A) 3 lakhs. B) 4 lakhs. C) 5 lakhs. D) 25 lakhs. Show Answer Correct Answer: C) 5 lakhs. 6. Who regulates finance market in India? A) Ministry of finance. B) Reserve bank of India. C) Ministry of trade and commerce. D) SEBI. Show Answer Correct Answer: D) SEBI. 7. Production of commodity mostly through natural process is an activity of ..... A) Information technology sector. B) Primary sector. C) Secondary sector. D) Tertiary sector. Show Answer Correct Answer: B) Primary sector. 8. Which of the following sectors has received the highest FDI equity investment in India during 2019? A) Retail. B) Telecommunication. C) Banking. D) Software. Show Answer Correct Answer: C) Banking. 9. In which year was the GDP growth rate in India at its highest? A) 2018. B) 2010. C) 2011. D) 2008. Show Answer Correct Answer: C) 2011. 10. In recent years, India is earning large foreign exchange through the export of which of the following? A) Ores and Minerals. B) Information Technology. C) Agricultural Products. D) Electrical goods. Show Answer Correct Answer: B) Information Technology. 11. Land reforms primarily refer to: A) Change in the ownership of landholdings. B) Abolition of intermediaries. C) Use of technology in agriculture. D) Fixing the maximum size of land which could be owned by individual. Show Answer Correct Answer: A) Change in the ownership of landholdings. 12. How many members are in the Finance Commission of India? A) 3. B) 4. C) 5. D) 6. Show Answer Correct Answer: B) 4. 13. Planning Commission was set up in ..... A) 1948. B) 1950. C) 1951. D) 1952. Show Answer Correct Answer: B) 1950. 14. Which of the following provisions makes NREGA as the Right To Work A) Increase in land productivity has been given the preference. B) This act was passed by the parliament in 2005. C) This act has been spread to all districts in the country. D) If the government fails to provide employment it will give unemployment allowance. Show Answer Correct Answer: D) If the government fails to provide employment it will give unemployment allowance. 15. Which of the states got success in Land Reform? A) Kerala and West Bengal. B) Punjab and Haryana. C) Rajasthan and Assam. D) None of these. Show Answer Correct Answer: A) Kerala and West Bengal. 16. In the last decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India? A) Chemicals other than fertilizers. B) Services sector. C) Food processing. D) Telecommunication. Show Answer Correct Answer: D) Telecommunication. 17. Special Economic Zones are being set up by ..... and ..... government. A) Central. B) Local. C) State. D) Central, State. Show Answer Correct Answer: D) Central, State. 18. In which year First five year plan started in India? A) 1950. B) 1961. C) 1951. D) 1960. Show Answer Correct Answer: C) 1951. 19. Which one of the following types of communication service in India is the largest in the world? A) Postal network. B) Television network. C) Internet services. D) Radio broadcasting. Show Answer Correct Answer: A) Postal network. 20. Tools we use to make products A) Capital resources. B) Human resources. C) Natural resources. D) Entrepreneurs. Show Answer Correct Answer: A) Capital resources. ← 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