This quiz works best with JavaScript enabled. Home > Indian Economy > Planning > Indian Economic Development Policy – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economic Development Policy Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. What is the term for the process of converting raw materials into finished goods on a large scale? A) Production. B) Manufacturing. C) Distribution. D) Retailing. Show Answer Correct Answer: B) Manufacturing. 2. Which year was established and replace the Planning Commission? A) 2013. B) 2012. C) 2014. D) 2015. Show Answer Correct Answer: D) 2015. 3. In Pre-Independent India who among the following first to discuss the concept of a poverty line? A) VKRV RAO. B) WILLIAM DIGBY. C) R C DESAI. D) DADABHAI NAOROJI. Show Answer Correct Answer: D) DADABHAI NAOROJI. 4. When was launched MGNREGP? A) 2001. B) 2005. C) 2008. D) 2015. Show Answer Correct Answer: B) 2005. 5. Which one of the following is/are the feature of MGNREGA? A) (a)Self employment by providing bank loans. B) (b)100 days of guaranteed employment. C) (c )It is a wage employment programme. D) Both (b) and (c ). Show Answer Correct Answer: D) Both (b) and (c ). 6. ..... is the policy that helps integrate a domestic economy with the world economy. A) Liberalization. B) Globalization. C) Privatisation. D) None of the above. Show Answer Correct Answer: B) Globalization. 7. ..... was the rate of growth of per capita output per year during the first half of the 20th century A) 0.5 %. B) 1 %. C) 1.5%. D) 2%. Show Answer Correct Answer: A) 0.5 %. 8. ..... is the total money value of all goods and services produced in an economy during an accounting year. A) Per capita income. B) National income. C) Private income. D) Disposable income. Show Answer Correct Answer: B) National income. 9. Tell percapita income at the time of independance A) 150. B) 200. C) 230. D) 300. Show Answer Correct Answer: C) 230. 10. Which of the following is a subject matter of Macroeconomics? A) Studies Employment & Unemployment. B) Determination of National Income. C) Promotes Economic Growth & Development. D) All of the above options. Show Answer Correct Answer: D) All of the above options. 11. WHO IS THE FATHER OF MACRO ECONOMICS A) P SAMUELSON. B) J M KEYNES. C) ADAM SMITH. D) MALTHUS. Show Answer Correct Answer: B) J M KEYNES. 12. The planning commission was an established in ..... A) 1948. B) 1951. C) 1950. D) 1952. Show Answer Correct Answer: C) 1950. 13. Which of the following organisation collect data on poverty in India? A) Reserve Bank of India (RBI). B) National Sample survey organisation (NSSO). C) Census of India. D) None of the above. Show Answer Correct Answer: B) National Sample survey organisation (NSSO). 14. India on the eve of independence was A) Vibrant economy. B) Stagnant economy. Show Answer Correct Answer: B) Stagnant economy. 15. MGNREGA was based on the principle of: A) Right to earn. B) Right to work. C) Right to live. D) None of the above. Show Answer Correct Answer: B) Right to work. 16. Which Indian city is often referred to as the country's IT capital and has played a pivotal role in the services export sector? A) Kolkata. B) Mumbai. C) Bangalore. D) New Delhi. Show Answer Correct Answer: C) Bangalore. 17. In a closed economy ..... is not included A) Household. B) Firms. C) Government. D) Foreign sector. Show Answer Correct Answer: D) Foreign sector. 18. Which of the following is the main reason behind the poor people in India getting limited economic opportunities? A) Lack of skills and basic literacy. B) Scarcity of resources. C) Most of them live in rural area. D) None of the above. Show Answer Correct Answer: A) Lack of skills and basic literacy. 19. Expand BPO A) Business process outsourcing. B) Balance payment output. C) Balance payment outstanding. D) Business process outstanding. Show Answer Correct Answer: A) Business process outsourcing. 20. Railways were introduced in India in which year? A) 1850. B) 1853. C) 1854. D) 1855. Show Answer Correct Answer: A) 1850. ← 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 6Indian Economic Development Policy Quiz 7Indian Economic Development Policy Quiz 9Fiscal System Of India QuizIndian Economy And Planning Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books