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12th HY practical exam

Total questions: 20

Worksheet time: 10mins

Name
Class
Date
1.

The main reason for stagnation in agricultural sector during British rule was?

a)

Land settlement system

b)

De-Industrialisation

c)

Lack of technology

d)

Commercialisation of Agriculture

2.

More than half of India's foreign trade was restricted to ?

a)

China

b)

Britain

c)

Korea

d)

Sri Lanka

3.

Which year is described as a "year of Great Divide "?

a)

1913

b)

1921

c)

1941

d)

1911

4.

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

a)

Growth

b)

Equity

c)

Land Reforms

d)

Modernisation

5.

What was the period of plans prepared by the planning Commission ?

a)

3 years

b)

4 years

c)

5 years

d)

6 years

6.

The policy of --------------------is another name important activities can be termed as ?

a)

Import Promotion

b)

Import Substitution

c)

Import Stabilisation

d)

None of these

7.

The measures undertaken by Indian Government to promote growth in agricultural sector can be broadly categorized as:

a)

Green Revolution

b)

Land Reforms

c)

Both (a) and (b)

d)

None of these

8.

Which of the following industries are reserved for the public sector?

a)

Defence aircraft and warships

b)

Atomic energy generation

c)

Cement

d)

Both (a) and (b)

9.

Which of the following is a tax reform ?

a)

Rationalisation of Direct Tax

b)

Reforms in Indirect taxs

c)

Simplification of Process

d)

All of these

10.

Prior to 1991, India's Economic Policy gave more importance to ?

a)

Public Sector

b)

Private Sector

c)

Both (a) and (b)

d)

None of these

11.

Two-sector economy consist of ?

a)

Households, firms

b)

Firms, Foreign sector

c)

Households, Government

d)

Firms, Government

12.

Losses are classified as ?

a)

Stock variable

b)

flow variable

c)

Either (a) and (b)

d)

Neither (a) nor (b)

13.

Real flow refers to the flow of factor services from--------------?

a)

Firms to households

b)

Households to firms

c)

Firms to government

d)

Households to government

14.

Which of the following is not a stock?

a)

Wealth

b)

Saving

c)

Exports

d)

Profits

15.

Flow of Goods and services and factors of production across different sectors in a barter economy is known as ?

a)

Circular Flow

b)

Real Flow

c)

Monetary Flow

d)

Capital Flow

16.

Which of the following is considered as a part of nominal flow in the circular flow of income ?

a)

Flow of goods and services from firms to households

b)

Flow of factor payment from firms to household

c)

Flow of factor services from households to firms

d)

All of these

17.

Which of the following are covered under the domestic territory of India ?

a)

State Bank of India in London

b)

Google office in India

c)

Office of Tata Motors in Australia

d)

Russian Embassy in India

18.

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

19.

Which of the following is not a component of operating surplus?

a)

Interest

b)

Rent

c)

Royalty

d)

COE

20.

Bank create credit?

a)

None of these

b)

On the basis of their securities

c)

On the basis of their total assets

d)

On the basis of deposit