SSC QUIZ ( INDIAN ECONOMY)

 1.       The term ‘mixed economy’ denoted:

(1) existence of both rural and urban sectors

(2) existence of both private and public sectors

(3) existence of both heavy and small industries

(4) existence of both developed and underdeveloped sectors

2.       In an economy, the sectors are classified into public and private on the basis of :

(1) employment condition

(2) nature of economic activities

(3) ownership of enterprises

(4) use of raw materials

3.       The ‘Dual Economy’ is a mixture of :

(1) traditional agriculture sector and modern industrial sector

(2) industrial sector and manufacturing sector

(3) state ownership of the means of production in corporation of foreign organisation

(4) industrial sector and trading of goods obtained through imports

(5) None of these

4.       Which sector of Indian Economy has shown remarkable expansion during the last decade?

(1) Primary Sector                    (2) Secondary Sector

(3) Tertiary Sector                    (4) Mining Sector

5.       When development in economy takes place, the share of tertiary sector in National Income:

(1) first falls and the rises     (2) first rises and then falls

(3) keeps on increasing         (4) remains constant

6.       It will be true to classify India as:

(1)  A food – deficit economy

(2) A labour – surplus economy

(3) A trade – surplus economy

(4) A capital – surplus economy

7.       Mixed economy means:

(1) Where agriculture and industry are given equal importance

(2) Where public sector exists alongwith the private sector in national economy

(3) Where globalization is transferred with heavy dose of Swadeshi in national economy

(4 Where the Centre and the States are equal partners in economic planning and development

8.       The Indian Economy is characterised by:

(a) Pre- dominance of Agriculture

(b) Pre- dominance of Industry

(c) Low Per Capita Income

(d) Massive Unemployment

Select your answer from the code given below:

(1) (a) and (b) only                  (2) (a) , (b) and (c) only

(3) (b), (c) and (d) only          (4) (a),(3) and (4) only

9.       In India, planned economy is based on:

(1)  Gandhi an System

(2) Socialist System

(3) Capitalist system

(4) Mixed Economy System

10.   Economic liberalisation in India started with:

(1) substantial changes in industrial licensing policy

(2) the covertibility of Indian rupee

(3) doing away with procedural formalities for foreign direct investment

(4) significant reduction in tax rates

ANSWERS:

1.	2
2.	3
3.	1
4.	3
5.	3
6.	2
7.	2
8.	4
9.	2
10.	1