This quiz works best with JavaScript enabled. Home > Indian Economy > Overview > 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. Which of the following economic activity is not in the tertiary sector A) Banking. B) Bee-Keeping. C) Teaching. D) Working in a call center. Show Answer Correct Answer: B) Bee-Keeping. 2. Disinvestment means selling of a public investment to a A) Private enterprise. B) Public enterprise. C) Capital market. D) Departmental enterprise. Show Answer Correct Answer: A) Private enterprise. 3. Which of the following statement is FALSE? A) The growth of agriculture during reforms period decreased. B) The growth of Industry during reforms period decreased. C) Foreign Direct investment increased. D) Growth of GDP decreased. Show Answer Correct Answer: D) Growth of GDP decreased. 4. TISCO and RIL stands for A) Tata Iron and Steel Company Limited, Reliance Industries Limited. B) Tata Iron and Soil Company Limited, Reliance Industries Limited. C) Tata Iron and Steel Company Limited, Reliance India Limited. D) Tata Iron and Steel Company Limited, Reliance Indian Limited. Show Answer Correct Answer: A) Tata Iron and Steel Company Limited, Reliance Industries Limited. 5. Which of the following statements is not correct? A) The first Finance Commission was constituted in 1955. B) Article 281 is related to the recommendations of the Finance Commission. C) The recommendations of the Finance Commission are advisory to the Central Government, not binding. D) Finance Commission is constituted for 5 years. Show Answer Correct Answer: A) The first Finance Commission was constituted in 1955. 6. Since when the service tax is being imposed in India? A) 1991. B) 1999. C) 1994. D) 2001. Show Answer Correct Answer: C) 1994. 7. What was the the literacy rate of India on the eve of Independence? A) 30%. B) 26%. C) 15%. D) 16%. Show Answer Correct Answer: D) 16%. 8. Tele communication is sun rise industry in India. A) True. B) False. C) Either true or false. D) Neither true nor false. Show Answer Correct Answer: A) True. 9. Small and scatter units which are largely outside the control of the government, is called ..... A) Organised sector. B) Unorganized sector. C) Public sector. D) All of these. Show Answer Correct Answer: B) Unorganized sector. 10. 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. 11. 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. 12. 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. 13. 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. 14. 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. 15. What type of an economy does India have? A) Mixed. B) Market. C) Command. D) Traditional. Show Answer Correct Answer: A) Mixed. 16. 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. 17. 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. 18. 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. 19. Which state become the first 'Nirmal State'in the India? A) Assam. B) Tripura. C) Meghalaya. D) Sikkim. Show Answer Correct Answer: D) Sikkim. 20. First Industrial resolution policy A) 1948. B) 1956. C) 1977. D) 1991. Show Answer Correct Answer: A) 1948. ← PreviousNext →Related QuizzesIndian Economy 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books