This Quiz is designed by the teachers and authors who have more than 100 years of combined experience in teaching CBSE and other boards students. Every time a student attempt the quiz he will see a different set of 20 Questions. Student can view the answers with reasoning after submitting the Quiz by clicking view Questions
0 of 132 questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 132 questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
Mixed Economy implies:
Which of the following is NOT a goal of five year plans?
With reference to land reforms in independent India, which one of the following statements is correct?
1. The major aim of land reforms was providing agricultural land to all the landless.
2. It resulted in cultivation of cash crops as a predominant form of cultivation.
3. Land reforms were most successful in West Bengal and Kerala.
4. Some zamindars continued to own large areas of land by making use of loopholes in the legislation.
Green Revolution refers to:
Who was the father of Green Revolution in India?
The first phase of green revolution was restricted to which of the following states?
_____________refers to maximum limits to the size of a holding which one is permitted to hold.
Which of the following statements are true?
I. According to economist, when a nation become more prosperous, the proportion of GDP contributed by agriculture sector decreases.
II. Between 1950-1990, contribution of agriculture in GDP of India decreased.
III. Between 1950-1990, population dependent on agriculture in India declined significantly.
IV. According to economist, when a nation becomes more prosperous, the proportion of population dependent on agriculture increases.
Which of the following statements is NOT correct in context of subsidies?
_____________refers to the portion of agricultural produce which is sold by the farmers.
Industrial Policy Resolution 1956 formed the basis for which Five Year Plan?
In order to promote regional equality which of the following steps was taken as part of Industrial Policy Resolution 1956?
1. Restricting private sector from undertaking production.
2. Providing certain concessions such as tax benefits and electricity at lower tariff.
3. Mandating license for opening new manufacturing facility/industry.
4. Reserving industries for private sector.
Which of the following statement(s) is true is context of Small Scale Industries?
__________ refers to the policy of replacing imports with domestic production.
Which steps were taken in order to protect domestic industries from foreign competition?
1. Tariffs were imposed on imported goods
2. Tariffs were imposed on domestic goods
3. Quotas were imposed on quantity to be exported
4. Quotas were imposed on quantity to be imported
Among the following which features correspond to socialist economy?
1. In a socialist society, the government decided what goods are to be produced in accordance with the needs of the society.
2. There is no private property and everything is owned by the state.
3. Goods are distributed according to purchasing power.
Planning Commission was set up in _____ under the chairmanship of Prime Minister
Which of the following Five Year Plan was based on the Mahalanobis Model?
Karve Committee relates to:
The proportion of GDP contributed by the industrial sector increased in the period from _____ per cent in 1950-51 to 24.6 per cent in 1990-91.
Which of the following is not an infrastructure related scheme?
The three dimensional attack on poverty adopted by the government has not succeeded in poverty alleviation in India due to which of the following reasons?
I. Due to unequal distribution of assets, benefits of poverty alleviation programmes have been appropriated by the non-poor.
II. The amount of resources allocated for poverty alleviation programmes is not sufficient.
III. Government policies failed to address majority of people living just above poverty line.
IV. These programmes have been more successful in rural areas as compared to urban areas.
Which of the following statements are true about Pradhan Mantri Jan Dhan Yojana?
I. This scheme is intended to promote saving habit among poor.
II. Under this scheme, bank account holders get Rs. 1 Lakh accidental insurance cover.
III. Under this scheme, bank account holders get Rs. 30,000 life insurance cover.
IV. Government intends to transfer the benefits of all government schemes and subsidies directly in the account of beneficiaries through this scheme.
Who among the following group of people is not covered under National Social Assistance Programme?
Which of the following government schemes is not aimed at improving the food and nutritional status of the poor?
Under Mahatma Gandhi National Rural Employment Guarantee Act, work is guaranteed for __________
Which poverty alleviation programme has been restructured as National Rural Livelihoods Mission?
Which is the implementing body of Prime Minister’s Rozgar Yojana (PMRY)?
Which of the following is NOT an approach followed by government to reduce poverty?
Which of the following is not an economy wide factor responsible for poverty?
In which four states the poverty level is far above the national poverty level?
Sen-Index given by eminent economist Amartya Sen is related to _______
When the number of poor is estimated as the proportion of people below the poverty line, it is known as ________
Which of the following is the correct criticism of government’s Monthly Per Capita Expenditure (MPCE) approach to identify poor?
Who among the following are classified as transient poor?
I. Usually Poor
II. Occasionally Poor
III. Churning Poor
IV. Chronic Poor
Based on the calorie intake of an individual to measure poverty line, what is the minimum intake value in rural and urban areas respectively?
Who gave the concept of ‘jail cost of living’ to measure poverty line?
Trade policy reform measures under New Economic Policy do not include?
GATT was established in 1948 as the global trade organization to administer all multilateral trade agreements by providing equal opportunities to all countries. How many members it had initially?
India’s foreign exchange reserves have increased from US $ 6 billion in 1990-91 to about ______ in 2014-15.
Which of the following statement is not true in context of economic reforms of 1991?
Which of the following statement(s) rightly brings out criticism for economic reforms of 1991?
Which of the following statement is not true about the WTO?
What make India a favored destination for global outsourcing in the post-reform period?
Integration of economy of a country with world’s economy is known as _________
Which of the following is not a benefit of privatization?
Which of the following companies is not a miniratna?
Privatisation of the public sector enterprises by selling off part of the equity of PSEs to the public is known __________
Goods and Services Tax Act 2016 came into effect from ________
Tax reforms are concerned with government’s _______ policy.
What does ‘FII’ stand for?
The financial sector in India is regulated by _______
Which of the following is not a correct combination of Restriction :: Reform?
Which of the following industry was NOT reserved for the public sector after liberalization reforms?
__________ measures are short term intended to correct weakness developed in BOP & bring inflation under control.
New Economic Policy (NEP) was introduced in India in which year?
_________ Reforms are long term aiming at improving efficiency of the economy and increasing international competition by removing sectoral rigidities.
International Bank for Reconstruction and Development (IBRD) is popularly known as?
Which statements are true in context of the economic crisis of 1991?
I. The crisis was compounded by rising prices of essential goods.
II. The government was not able to make repayments on its borrowings from abroad.
III. The level of foreign exchange reserves dropped to a level which was not sufficient even for a month.
At the time of independence, there were two well managed iron and steel firms, one in Jamshedpur and the other in ________
The reason behind the a large proportion of population still dependent on agriculture in 1990 (period after reforms) was:
What does the goal of Modernisation refer to?
1. Increment in per capita income of nation
2. Change in social outlook
3. Following western economies
4. Adopting new technology
The benefit of Green Revolution increased the production of which crops predominantly?
Which of the following statements rightly point out the shortcomings of India’s economic planning between 1950 and 1990?
1. India’s policies were ‘inward looking’ and thus failed to create a strong economic sector.
2. Excessive protection from foreign competition did not give any incentive to domestic
producers for improvement in quality.
3. Excessive regulation under permit license raj protected certain firms from becoming more
4. Many loss making public sector firms continued operating.
‘Task Force on Projections of Minimum Needs and Effective Consumption Demand’ to define poverty line was formed in which year?
Which of the following is not a common feature of poor people?
In terms of proportion, in 1973-74 about ____ per cent of the total population was below the poverty line.
On the eve of Independence India inherited an economy which was
|The year 1921 is described as the “Year of Great Divide” before this India was experiencing …………|
|What was the nature of Indian economy at the time of Independence?|
|The most important characteristic of India’s foreign trade throughout the colonial period was the :|
|Zamindari system was introduced by Britishers in|
Life Expectancy at the time of independence was :
|The first official census operation undertaken in India was in year|
|Which one of the following statements is incorrect?|
Which of the following was not a positive contribution by Britishers:
|The opening of the Suez Canal in 1869|
|What was the feature of Indian economy on the eve of Independence?|
____________ is a tax on goods produced abroad by the government of the country
|What was not the cause of low productivity in the agricultural sector during Independence?|
|Which one belongs to the Primary sector?|
|Subsistence farming is related with the crops grown for|
|Which one of the following was high during British rules in India?|
|Most of the Indian population was dependent on which sector for livelihood during British Rule?|
|The workforce engaged in the Service sector at the time of independence was ……..|
|Low birth rate and low death rate represents which phase of demographic transition|
Most of the studies disclosed that India’s growth of aggregate real output during the first half of the twentieth century was less than
|TISCO was the first Capital Good Industry developed in the Year …………|
|Economy which is growing at a very low rate|
|Railways were introduced in India in|
|During the British rule, the agricultural sector experienced stagnation mainly due to the|
At the time of Independence literacy rate of Female was only :
Which of the following is not a source of Human Capital?
AICTE stands for
Which of the following difference between Human Capital and Physical Capital is false?
Investment in Human Capital brings ___________
Which of the following is NOT a part of expenditure on health as a source for human capital
Which of the following difference between educated and uneducated person is not true in
context of human capital formation?
The stock of skill, ability, expertise, education and knowledge in a nation at a point of time is
known as _________
India began focusing on importance of Human Capital for economic growth from which five
Due to which of the following reasons, a cause and effect relationship cannot be established
between human capital and economic growth?
Right to Education Act was enacted in which year?
The report titled ‘India and the Knowledge Economy —Leveraging Strengths and Opportunities’ has been published by which organization?
Government of India has started levying ___ per cent education cess on all Union Taxes?
Which of the following statements in context of Human Development and Human Capital is
During 1952-2014, education expenditure as percentage of total government expenditure
increased from 7.92 to ____
The Tapas Majumdar Committee (1998) is related to?
According to the Education Commission (1964-66), what is the recommended ___ per cent of
GDP which should be spent on education?
ICMR stands for
Which of the following statements are true in context of India’s performance in education
I. The difference between male and female literacy rates has narrowed down.
II. There are few takers of education at tertiary level.
III. There has been a downward trend in female literacy in rural areas.
Buildings and Machinery are classified as _______
Investment in human capital contributes to economic growth by:
I. Enhanced labour productivity
II. Adaptation to new technology
III. Change in social outlook
Which bank was formed as an apex body to coordinate the activities of all institutions involved in rural financing system?
Which state implemented ‘Kudumbashree’ programme?
Which of the following criticism hold true in respect of rural banking reforms?
The process of assembling, storage, processing transportation, packaging, grading and distribution of different agricultural commodities across the country is called _______
Which of the following was not a problem faced by farmers while selling their produce to traders?
Which of the following steps were taken to improve the agriculture marketing system?
I. Increased regulation of market
II. Provision of physical infrastructure
III. Promotion of cooperative marketing initiatives
IV. Usage of policy instruments like MSP, PDS
MSP stands for?
Which of the following combination of marketing channel and states where they are implemented is correct?
Marketing Channel Implementing State
1. Hadaspar Mandi I. Punjab, Haryana, Rajasthan
2. Uzhavar Sandies II. Telangana and Andhra Pradesh
3. Apni Mandi III. Pune
4. Rythu Bazaar IV. Tamil Nadu
Which of the following below institutions provide credit for rural social and community development?
1. Commercial Banks
2. Regional Rural Banks
3. Self Help Groups
4. Cooperatives and Land Development Banks
Which of the following statement(s) are true for Saansad Adarsh Gram Yojana?
1. This scheme was launched in 2015
2. According to this scheme every MP had to develop 3 villages as ‘model village’ by the year 2019.
3. This scheme is applicable only for the areas situated in plains.
_______ accounts for the largest share of livestock in India.
Which of the following points highlight the need to diversify to non-farming sectors?
‘Operation Flood’ is associated with _________
The contribution of Horticulture to GDP of India is ____
Which of the following is not true about organic farming?
TANWA Project was initiated in which state?
Golden Revolution is related to ______
NABARD was set up in which year?
Which of the following state is not a top producer of fishes in India?
Which of the following is a policy instrument used by government to improve agriculture market system?