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IED AND MACRO ECONOMICS 2023

Total questions: 27

Worksheet time: 9mins

Name
Class
Date
1.

______________ traditional industries was India particularly well known for before the advent of the british rule.

a)

chemical industry

b)

handicraft industry

c)

jute industry

d)

steel industry

2.

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

3.

RBI doesn't consist of

a)

Longevity

b)

Knowledge

c)

Life Expectancy

d)

Standard of living

4.

When was Navratna Policy announced

a)

1992

b)

1991

c)

1995

d)

1996

5.

Mahalanobis Modal was started in ____________ Five year plan.

a)

First

b)

Second

c)

Tenth

d)

Eleventh

6.

In which year is NABARD formed ?

a)

1980

b)

1979

c)

1991

d)

1982

7.

When was launched MGNREGP ?

a)

2001

b)

2005

c)

2008

d)

2015

8.

Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?

a)

(A) Independence

b)

(B) Planning

c)

(C) Colonial rule

d)

(D) Green revolution

9.

Evaluate the below statements related to land reforms.

i) Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the owners of land.

ii) The purpose of land ceiling was to keep the concentration of land ownership in the hands of a selected few.

Which of the above are correct?

a)

a) Only i

b)

b) Only ii

c)

c) Both i and ii

d)

d) Neither i nor ii

10.

Legally stipulated maximum size beyond which no individual farmer can hold any land

a)

A. Tenancy reforms

b)

B. Abolition of intermediaries

c)

C. Land consolidation

d)

D. Land Ceiling

11.

Which objective of planning was considered a necessity to reduce our dependence on foreign goods:

a)

modernisation

b)

self reliance

c)

growth

d)

all of the above

12.

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

13.

Human Development Index is not related to......

a)

Life Expectancy

b)

Per Capita Income

c)

Gross Domestic Product

d)

Education

14.

Who is known as the father of green revolution in India?

a)

Dr. Varghese Kurian

b)

Dr. M S Swaminathan

c)

Dr. Manmohan Singh

d)

Dr. M S Ahluwalia

15.

Economic growth can be measured by

a)

The CPI

b)

The CBI

c)

GDP

d)

MPC

16.

Which is the characteristics of an underdeveloped economy?

a)

General poverty

b)

Significance of industrial sector

c)

Low growth of population

d)

Use of higher production techniques and skills

17.
Subsidies are
a)
rights to increase trade with Great Britain and her colonies
b)
extra payments or bonuses to grow or produce certain crops.
c)
permission to trade directly with other countries.
d)
land payments which made it easier to remain in the colony.
18.

Improving INternational competitveness of Products of a country is a part of :-

a)

Structural Measures

b)

Stabilization Masures

c)

Short Term Measures

d)

Part of Globalisation

19.

When government encourages more outsourcing in an economy, it is essentially looking forward to:-

a)

Liberlisation

b)

Privatisation

c)

Globalisation

d)

Deindustrialisatoin

20.

Long Term Measures undertaken during 1991 New Economic Policy were called as:-

a)

Structural Measures

b)

Stablisation measures

c)

Reformational Measures

d)

Development Measures

21.

Which of the following was initiated by the Government under Liberalisation?

a)

Denationalisation

b)

Decentralisation

c)

Demonetisation

d)

Dereservation of industries

22.

......................refers to contracting out some of the activities of the organisation to a third party which were previously performed by itself.

a)

Outsourcing

b)

Globalisation

c)

Privatisation

d)

FDI

23.

.............refers to disposal of equity of public sector units in the market.

a)

Disinvestment

b)

Privatisation

c)

Liberalisation

d)

Globalisation

24.

Economic liberalisation in India was initiated in 1991 by Prime Minister ______________ and his then-Finance Minister ___________

a)

P. V. Narasimha Rao,Dr. Manmohan Singh.

b)

P.V Narasimha Rao,Inder Kumar Gujral

c)

P.V Narasimha Rao, Madhav Rao Scindia

d)

P.V Narasimha Rao, Ghulam Nabi Azad

25.

Who is regarded as the architect of Indian Planning?

a)

Prasanta Chandra Mahalnobis

b)

V K R V Rao

c)

P S Mahalnobis

d)

Pt. Jawahar Lal Nehru

26.

Which of the following is correct about the planning in India?

a)

Mixed Economy has been the framework of planning in India

b)

The duration of the Twelfth Five Year Plan was 2012-17

c)

Planning in India with a heavy reliance on the public sector.

d)

All of these.

27.

Schedule C industries development were left to:

a)

Public sector

b)

Private sector

c)

Both (a) and (b)

d)

None of these