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IED QUIZ NO. 2

Total questions: 25

Worksheet time: 25mins

Name
Class
Date
1.

When was the planning commission set up?

a)

1949

b)

1950

c)

1951

d)

1850

2.

Which of the following is not a goal of five year plan?

a)

Growth

b)

Equality

c)

Land reforms

d)

Modernisation

3.

Capitalist Economy is controlled and operated by

a)

Private sector

b)

Public sector

c)

Both A and B

d)

None of the above

4.

India adopted the ____________ economic system.

a)

Capitalist

b)

Mixed

c)

Socialist

d)

None of the above

5.

Which one of these is a central problem of an Economy?

a)

What to produce

b)

How to produce

c)

For whom to produce

d)

All of the above

6.

______________economy is the economy in which means of production are owned, controlled and operated by the government.

a)

Mixed

b)

Socialist

c)

Capitalist

d)

None of the above

7.

Which of the following explains the term economic growth?

a)

Increase in per capita production

b)

Increase in per capita real income

c)

Structural change in the economy

d)

All of the above

8.

Which of the following organisation looks after the credit needs of agriculture and rural development in India.

a)

FCI

b)

IDBI

c)

NABARD

d)

ICAR

9.

Which year is known as the"Year of Great Divide"

a)

1921

b)

1951

c)

1981

d)

1991

10.

When was New Economic Policy introduced in India

a)

1991

b)

1981

c)

1995

d)

2000

11.

What was the immediate crisis India faced in the beginning of the 1990s

a)

Inflation

b)

Debt Trap

c)

Foreign exchange crisis

d)

All of the above

12.

How many industries are reserved for public sector at present

a)

4

b)

17

c)

6

d)

3

13.

Mahalanobis Modal was started in ____________ Five year plan.

a)

First

b)

Second

c)

Tenth

d)

Eleventh

14.

The opening of Suez canal served as a direct route for ships operating between:

a)

India and America

b)

India and Sri Lanka

c)

India and Pakistan

d)

India and Britain

15.

More than half of India's foreign trade during the British rule was restricted to:

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

16.

India's jute industry suffered heavily due to __________ after partition.

a)

Lack of Raw Material

b)

Famines

c)

Earthquakes

d)

None of these

17.

The main reason for decline in handicraft industry during the colonial rule was:

a)

Lack of raw materials

b)

Lack of Skilled workers

c)

Discriminatory tariff policy

d)

None of the above

18.

The most important infrastructure during the British Rule in India was:

a)

Airways

b)

Railways

c)

Waterways

d)

None of the above

19.

The rate of growth of per capita output per year in India during the first half of the twentieth century was:

a)

0.8

b)

1.5

c)

0.5

d)

2.3

20.

Decline of handicrafts industries led to:

a)

Export of finished goods

b)

Massive unemployment

c)

Both (a) and (b)

d)

None of the above

21.

Occupational Structure refers to:

a)

Nature of workforce

b)

Size of workforce

c)

Number of people living in a country

d)

Distribution of workforce among different occupations.

22.

What was the percentage of people living in village and deriving their livelihood from agriculture during British period in India?

a)

72%

b)

88%

c)

79%

d)

25%

23.

What was the life expectancy in India during British rule?

a)

65

b)

38

c)

45

d)

32

24.

When were the railways introduced in India?

a)

1769

b)

1825

c)

1850

d)

1875

25.

Introduction of ___________ tariff policy by the Britishers led to the decay of Indian handicraft industries.

a)

Zamindari

b)

Modernization

c)

Discriminatory

d)

None of these