This quiz works best with JavaScript enabled. Home > Indian Economy > Planning > Indian Economic Development Policy – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Small farmers and seasonal workers are categorised as A) Churning Poor. B) Transient poor. C) Always poor. D) Usually Poor. Show Answer Correct Answer: A) Churning Poor. 2. The process of transferring the ownership, Management and control of a public sector partially / entirely to the private sector is known as ..... A) Globalisation. B) Liberalisation. C) Privatisation. D) None of the above. Show Answer Correct Answer: C) Privatisation. 3. Refrigerator purchased by a confectionery shop is and example of? A) Final good. B) Intermediate good. C) Capital good. D) Both a and c. Show Answer Correct Answer: D) Both a and c. 4. To protect the goods produced in India from imports Government made use of A) Quotas. B) Tariff. C) Both a and b. D) Neither a nor b. Show Answer Correct Answer: C) Both a and b. 5. What is the role of microfinance institutions in supporting workers in the informal sector? A) Microfinance institutions primarily focus on formal sector workers. B) They provide access to credit and financial services for informal sector entrepreneurs. C) Microfinance institutions only serve large corporations. D) They offer free financial advice to all workers. Show Answer Correct Answer: B) They provide access to credit and financial services for informal sector entrepreneurs. 6. One can trace the approach of providing basic amenities through public expenditure from the ..... A) First five year plan. B) Third five year plan. C) Fifth five year plan. D) Sixth five year plan. Show Answer Correct Answer: C) Fifth five year plan. 7. Which industry employs the largest number of women in India? A) Tea. B) Textile. C) Jute. D) Coal. Show Answer Correct Answer: A) Tea. 8. Buffer stocks are used for ..... A) Exporting. B) Public Distribution. C) Meeting urgent needs during a period of low output and scarcity. D) Both for Public distribution and meeting urgent needs during a period of low output and scarcity. Show Answer Correct Answer: D) Both for Public distribution and meeting urgent needs during a period of low output and scarcity. 9. While estimating national income, depreciation is measured from: A) Durable Consumer goods. B) Capital Goods. C) Intermediate goods. D) Final Goods. Show Answer Correct Answer: B) Capital Goods. 10. Farmers need credit for consumption purpose such as on birth, death, marriage etc called ..... A) Productive credit. B) Unproductive credit. C) Both (i) and (ii). D) None of the above. Show Answer Correct Answer: B) Unproductive credit. 11. ..... traditional industries was India particularly well known for before the advent of the british rule. A) Chemical industry. B) Handicraft industry. C) Jute industry. D) Steel industry. Show Answer Correct Answer: B) Handicraft industry. 12. The minimum requirement of a person ..... A) Food. B) Education. C) Car. D) Both a and b. Show Answer Correct Answer: D) Both a and b. 13. ..... refers to poverty of people in comparison to other people, regions or nations. A) Absolute poverty. B) Relative poverty. C) Both a and b. D) Neither a nor b. Show Answer Correct Answer: B) Relative poverty. 14. The Government implemented ..... plan to prioritize certain sectors and allocate resources accordingly- A) Annual plan. B) Industrial plan. C) Five year plan. D) State led plan. Show Answer Correct Answer: C) Five year plan. 15. The Poverty line in India is prepared on the basis of A) Income of individual. B) Consumption expenditure. C) National income. D) Per capita income. Show Answer Correct Answer: B) Consumption expenditure. 16. Which age group of children is included for calculating Net Attendance Ratio? A) 6-10. B) 7-11. C) 5-9. D) 14-15. Show Answer Correct Answer: D) 14-15. 17. In which year is NABARD formed? A) 1980. B) 1979. C) 1991. D) 1982. Show Answer Correct Answer: D) 1982. 18. Which of the following is an example of a cash transfer program in India? A) Mahatma Gandhi National Rural Employment Guarantee Act. B) Pradhan Mantri Jan Dhan Yojana. C) Direct Benefit Transfer (DBT). D) Public Distribution System (PDS). Show Answer Correct Answer: C) Direct Benefit Transfer (DBT). 19. The action plan includes ..... elements A) Development of the means of transport. linking the rural area with the urban areas. B) Provision of power/.energy for the rural area. C) Permanent means of irrigation. D) All of the above. Show Answer Correct Answer: D) All of the above. 20. Which of the following is the reason of poverty A) Inflation. B) Inadequacy of capital. C) Low rate of growth. D) All of the above. Show Answer Correct Answer: D) All of the above. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Economic Development Policy Quiz 1Indian Economic Development Policy Quiz 2Indian Economic Development Policy Quiz 4Indian Economic Development Policy Quiz 5Indian Economic Development Policy Quiz 6Indian Economic Development Policy Quiz 7Indian Economic Development Policy Quiz 8Indian Economic Development Policy Quiz 9Fiscal System Of India QuizIndian Economy And Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books