This quiz works best with JavaScript enabled. Home > Indian Economy > Planning > Indian Economic Development Policy – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 6 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Final goods refer to those goods which are used either for ..... or for ..... A) Consumption, investment. B) Consumption, resale. C) Resale, investment. D) Resale, further production. Show Answer Correct Answer: A) Consumption, investment. 2. Which of the following is a characteristic of people below the poverty line? A) Debt trap. B) Gender inequality. C) Poor health. D) All of the above. Show Answer Correct Answer: D) All of the above. 3. "Ariana Rose purchases a new computer from the MYT Computer and paid by credit card." Based on the statement, choose the appropriate money function. A) A store of value. B) A measure of value. C) A medium of exchange. D) A standard of deferred payment tools. Show Answer Correct Answer: D) A standard of deferred payment tools. 4. Which of the following is wage employment Programme? A) Prime Minister Rozgar Yojana. B) Swarna Jayanti Gram Swarozgar Yojana. C) Swarna Jayanti Shahari Rozgar Yojana. D) Mahatma Gandhi National Rural Employment Guarantee Act. Show Answer Correct Answer: D) Mahatma Gandhi National Rural Employment Guarantee Act. 5. The colonial government never made any sincere attempt to estimate India's national and per capita income. Who among the following were the Indian estimators who attempted to measure such incomes?i) Dadabhai Naoroji ii) William Digby iii) V.K.R.V. Rao iv) Motilal Nehru A) I and ii. B) I and iii. C) I, iii and iv. D) None of above. Show Answer Correct Answer: B) I and iii. 6. What is the term for the condition in which an individual who is willing and able to work is unable to find suitable employment? A) Unemployment. B) Underemployment. C) Labor force participation. D) Wage stagnation. Show Answer Correct Answer: A) Unemployment. 7. The term Green Revolution has been used to indicate higher production through ..... A) Creation of grasslands. B) Planning more tree. C) Creation of gardens in urban areas. D) Enhanced agricultural productivity per hectare. Show Answer Correct Answer: D) Enhanced agricultural productivity per hectare. 8. Which of the following neighbouring countries has better performance in terms of human development than India? A) Bangladesh. B) Sri Lanka. C) Nepal. D) Pakistan. Show Answer Correct Answer: B) Sri Lanka. 9. The opening of suez canal in 1869: A) Raised the cost of goods transportation between Britain and India. B) Reduced exports of goods from India to foreign countries. C) Reduced the cost of transportation between Britain and India. D) Adversely affected Britain's monopoly control of india's trade. Show Answer Correct Answer: C) Reduced the cost of transportation between Britain and India. 10. India liberalized its trade policies reducing ..... and removing import licensing requirement A) Tax. B) Tariffs. C) Income. D) Wage. Show Answer Correct Answer: B) Tariffs. 11. What is the primary goal of closing the gender gap in labor force participation rates? A) To reduce women's economic independence. B) To ensure equal employment opportunities and economic empowerment for women. C) To increase the retirement age for women. D) To prioritize men's employment over women's. Show Answer Correct Answer: B) To ensure equal employment opportunities and economic empowerment for women. 12. What percentage of Indian population was engaged in agriculture A) 50. B) 40. C) 72. D) 84. Show Answer Correct Answer: C) 72. 13. Depreciation means: A) Destruction of a factory due to fire. B) Loss in fixed assets due to normal wear and tear. C) Loss in fixed assets due to earthquake. D) Shut-down of a factory due to strike. Show Answer Correct Answer: B) Loss in fixed assets due to normal wear and tear. 14. Real flow is also known as A) Nominal flow. B) Physical flow. C) Money flow. D) Both a and b. Show Answer Correct Answer: B) Physical flow. 15. Competition and free enterprise are most common in which type of economic system? A) A traditional. B) B market. C) C communist. D) D planned. Show Answer Correct Answer: B) B market. 16. Which of the following is poverty estimation tool A) Sen index. B) Poverty gap index. C) Squared poverty index. D) All of the above. Show Answer Correct Answer: D) All of the above. 17. British policies transformed the country into a ..... of raw material and ..... of finished goods from Britain. A) Consumer, supplier. B) Supplier, consumer. Show Answer Correct Answer: B) Supplier, consumer. 18. Which regulatory body plays a central role in overseeing India's financial sector? A) Securities and Exchange Board of India (SEBI). B) Reserve Bank of India (RBI). C) Ministry of Finance. D) Competition Commission of India (CCI). Show Answer Correct Answer: B) Reserve Bank of India (RBI). 19. One of the following is not associated with a socialist economy identify the feature A) The economy has no private property and everything is owned by the state. B) The government provides free health care to those who need it. C) Incomes are more or less equally distributed. D) It is called a free market economy. Show Answer Correct Answer: D) It is called a free market economy. 20. The sector under which activities involves exploitation of the natural resources is ..... A) Primary sector. B) Secondary sector. C) Tertiary sector. D) Quaternary sector. Show Answer Correct Answer: A) Primary sector. ← 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 5Indian 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