This quiz works best with JavaScript enabled. Home > Indian Economy > Planning > Indian Economic Development Policy – Quiz 5 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 5 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Urban poor includes ..... A) Street cobblers. B) Road side vendors. C) Push cart vendors. D) All of the above. Show Answer Correct Answer: D) All of the above. 2. When was the first census data collected during British rule? A) 1880. B) 1881. C) 1882. D) 1981. Show Answer Correct Answer: B) 1881. 3. ..... is the social security programme initiated by the Central government to help a few specific groups A) Pradhan Mantri Gramodaya Yojana. B) Midday Meal Scheme. C) Integrated Child Development Scheme. D) National Social assistance Programme. Show Answer Correct Answer: D) National Social assistance Programme. 4. What is the Cash Reserve Ratio (CRR)? A) The fraction of the deposits that commercial banks lend to the customers. B) The fraction of the deposits that RBI must keep with commercial banks. C) The fraction of the deposits that commercial banks must keep with RBI. D) None of above. Show Answer Correct Answer: C) The fraction of the deposits that commercial banks must keep with RBI. 5. Tariffs and quotas adopted under foreign trade policy during 1950-1990 was to: A) Increase exports. B) Increase foreign competition. C) Restrict imports and protect domestic industries from foreign competition. D) Make exported goods cheaper. Show Answer Correct Answer: C) Restrict imports and protect domestic industries from foreign competition. 6. What is fiscal development? A) The growth of government expenditures. B) The improvement of a country's financial sector. C) The process of achieving economic stability through taxation and government spending. D) The expansion of a nation's industrial base. Show Answer Correct Answer: C) The process of achieving economic stability through taxation and government spending. 7. What does a trade surplus indicate in a country's external sector? A) Exports exceeding imports. B) Imports exceeding exports. C) Stable trade relations. D) A declining economy. Show Answer Correct Answer: A) Exports exceeding imports. 8. Which sector of the Indian economy has traditionally been a major source of employment for the majority of the workforce? A) Agriculture. B) Manufacturing. C) Information technology. D) Financial services. Show Answer Correct Answer: A) Agriculture. 9. Identify the incorrect statement.( A) Green Revolution was the result of technological and institutional reforms. B) Green Revolution took place in all major states of India. C) Green Revolution was due to use of HYV Seeds. D) Green Revolution was limited to few crops. Show Answer Correct Answer: B) Green Revolution took place in all major states of India. 10. What part of GDP was earned by agricultural sector A) 20. B) 50. C) 60. D) 70. Show Answer Correct Answer: B) 50. 11. Assume the total population of a country is 200 crores and the people below poverty line is 44 crores. What is the Head Count ratio? A) 20 percent. B) 25 percent. C) 22 percent. D) 26 percent. Show Answer Correct Answer: C) 22 percent. 12. The main objective of the first five-year plan of India was? A) Development of infrastructure. B) Development of ports. C) Development of the industries. D) Development of agriculture. Show Answer Correct Answer: D) Development of agriculture. 13. Under which scheme each bank account holder is entitled to Rs.1 lakh accident insurance Rs.30, 000 insurance cover? A) Prime Minister's Rozgar Yojana. B) MGNREGA. C) Jan Dhan Yojana. D) PMRY. Show Answer Correct Answer: C) Jan Dhan Yojana. 14. Accepting deposits from individuals or firms and providing loans to the public are the basic function of ..... A) Financial institution. B) Commercial banks. C) Insurance company. D) Bank Negara Malaysia. Show Answer Correct Answer: B) Commercial banks. 15. Which of the following is not the subject matter of macroeconomics? A) National Income Accounting. B) Business cycle. C) Laws of demand and supply. D) General price level. Show Answer Correct Answer: C) Laws of demand and supply. 16. Which of the following is an example of transfer income A) Bonus. B) Unemployment allowance. C) Compensation of employees. D) All of above. Show Answer Correct Answer: B) Unemployment allowance. 17. The government imposed strict controls and licenses on ..... sector enterprise A) Government. B) Private. C) Production. D) Manufacturing. Show Answer Correct Answer: B) Private. 18. Poverty is the inability in secure the ..... consumption requirements for life, health and efficiency. A) Minimum. B) Maximum. C) Constant. D) Stable. Show Answer Correct Answer: A) Minimum. 19. Depreciation of fixed capital assets refers to? A) Normal wear and tear. B) Foreseen obsolescence. C) Normal wear and tear and foreseen obsolescence. D) None of these. Show Answer Correct Answer: C) Normal wear and tear and foreseen obsolescence. 20. The concept of normal residents applies to A) Individuals only. B) Institutions only. C) Both. D) None of them. Show Answer Correct Answer: C) Both. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Economic Development Policy Quiz 1Indian Economic Development Policy Quiz 2Indian Economic Development Policy Quiz 3Indian Economic Development Policy Quiz 4Indian 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