This quiz works best with JavaScript enabled. Home > Indian Economy > Overview > Indian Economy – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. 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. 3. 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. 4. Industrial policy 1991 was announced in how many stages? A) 1. B) 2. C) 3. D) 4. Show Answer Correct Answer: B) 2. 5. 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. 6. 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. 7. Whiich Indian company was bought over by Cargill Foods-a large American MNC? Pick out the name from the alternatives provided A) Amul. B) Fun Foods Ltd. C) Agro Tech Foods Ltd. D) Parakh Foods. Show Answer Correct Answer: D) Parakh Foods. 8. What is extreme poverty? A) Living on less than $ 10 per day. B) Living on less than $ 5 per day. C) Living on less than $ 2.5 per day. D) Living on less than $ 1.9 per day. Show Answer Correct Answer: D) Living on less than $ 1.9 per day. 9. Which of the following is not true of social infrastructure? A) It includes the education and health network. B) It is aimed at improving quality of life. C) It is an investment in human capital. D) It is an investment in manufacturing sector. Show Answer Correct Answer: D) It is an investment in manufacturing sector. 10. In which year new economic reforms introduced in India? A) 1981. B) 1980. C) 1991. D) 1990. Show Answer Correct Answer: C) 1991. 11. Which one of the following activities can be included in primary sector A) Giving loans to the farmers. B) Making sugar from sugar cane. C) Cultivation of sugar cane. D) Providing storage facility for the grains. Show Answer Correct Answer: C) Cultivation of sugar cane. 12. The place where goods and services are exchanged A) Barter. B) Currency. C) Market. D) Resource. Show Answer Correct Answer: C) Market. 13. Who is the current Chief Executive Officer of the NITI Aayog of India? A) Dr. Rajiv Kumar. B) Shri Amitabh Kant. C) Prof. Ramesh Chand. D) Shri Bibek Debroy. Show Answer Correct Answer: B) Shri Amitabh Kant. 14. Period of 2nd five year policy A) 1951-56. B) 1956-61. C) 1961-66. D) 1966-71. Show Answer Correct Answer: B) 1956-61. 15. The tertiary sector is also called ..... A) Secondary sector. B) Service sector. C) Industrial sector. D) Primary sector. Show Answer Correct Answer: B) Service sector. 16. Which of the following statements best describes economic development? A) It always accompanies economic growth. B) It indicates the increase in GDP. C) It is reflected in the quality of life of the people. D) It is a quantitative concept. Show Answer Correct Answer: C) It is reflected in the quality of life of the people. 17. Where r most of the people employed A) Primary. B) Secondary. C) Tertiary. D) None of these. Show Answer Correct Answer: A) Primary. 18. Public health is a liability of ..... A) Private Sector. B) Primary Sector. C) Government. D) All of these. Show Answer Correct Answer: C) Government. 19. Ownership of asset and delivery of services is in the hands of private individuals or companies, known as ..... A) Public sector. B) Private sector. C) Organised sector. D) All of these. Show Answer Correct Answer: B) Private sector. 20. The task of measuring GDP is undertaken by A) District govt. B) Central govt. C) State govt. D) Local govt. Show Answer Correct Answer: B) Central govt. ← 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 8Indian Economy Quiz 9Indian Economy Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books