Indian EconomyOnline Test
		
	
	
Indian Economy after Independence
Indian Economy Before and After Independence
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 | Question 1 | 
What is mixed economy?
| Mixed economy is where both private and public sector co-exists.  | 
| Question 2 | 
To achieve progress in India Nehru decided to bring both the private sector and public sector together
| This is called as mixed economy.  | 
| Question 3 | 
Who said the five year plan will result in fast growth of nation?
| Jawaharlal Nehru  | 
| Question 4 | 
From which country did India got the idea of Five Year plan system?
| Soviet Union  | 
| Question 5 | 
In which period did India establish five year plan period?
| 1950  | |
| 1952  | |
| 1957 | |
| 1956 | 
| Question 6 | 
Who was the head of five year plan?
| President of India  | 
| Question 7 | 
What are the main scopes of Five Year plan?
| •	Increasing national income 
•	Reducing inequalities in income and wealth 
•	Elimination of poverty 
•	Providing additional employment 
•	Removing bottle necks in agriculture production and manufacturing sector. 
 | 
| Question 8 | 
Which council was established for seeking permission from state government for the five year plan?
| National Development Council  | 
| Question 9 | 
Who is the head of National Development Council?
| State government`s Chief Minister  | 
| Question 10 | 
How many five year plans has been completed in India?
| 11 Five Year plan and 12th Five year plan is going on now.  | 
| Question 11 | 
What was the period of 11th five year plan?
| 2007 to 2012  | 
| Question 12 | 
In which month did they start the 11th five year plan?
| April 2007  | 
| Question 13 | 
What are the main objectives of 11th five year plan?
| •	Increasing public investment in irrigation, rural electrification and rural roads. 
•	To reduce subsidy in power and fertilizer 
•	Promoting agriculture research 
•	To ensure environmental protection 
•	Larger employment opportunity 
•	To develop rural infrastructure 
•	To abolish poverty 
•	To reduce dropout rate in primary schools 
 | 
| Question 14 | 
Which is the backbone of our nation?
| Agriculture  | 
| Question 15 | 
What is rate of national income from agriculture?
| 45% | |
| 30%  | |
| 40% | |
|  20%  | 
| Question 16 | 
When was green revolution introduced in India?
| 1987 | |
| 1967  | |
| 1988 | |
| 1969 | 
| Question 17 | 
Who established green revolution?
| Indian Council for Agriculture Research (ICAR)  | 
| Question 18 | 
What is green revolution?
| It is using of High Yielding Varieties of seeds for growth of rice and wheat in large quantity.  | 
| Question 19 | 
Trough which measure has countries like India has growth in food production?
| Green Revolution  | 
| Question 20 | 
In which sector India has got good development?
| Food Production  | 
| Question 21 | 
Name some public sector units?
| Naively Lignite Corporation, Bharath Heavy Electricals Limited, BSNL and Air India.  | 
| Question 22 | 
Which year has special significance in Indian economy?
| Period of 1991 where New Economic Reform was introduced.  | 
| Question 23 | 
What were the New Economic Reforms?
| Liberalization, Privatalization and Globalization.  | 
| Question 24 | 
Examples of cottage industries –
| handlooms and coir industries  | 
| Question 25 | 
What is the linkage of local market with that if the world’s market?
| Globalization  | 
| Question 26 | 
How many atomic power stations are there in India?
| 20 | |
| 23
 | |
| 22 | |
| 24 | 
| Question 27 | 
Which satellite discovered that there is water in moon?
| Chandrayan 1 which was launched in 2008  | |
| Chandrayan 1 which was launched in 2009 | |
| Chandrayan 1 which was launched in 2010 | |
| Chandrayan 1 which was launched in 2007 | 
| Question 28 | 
Which was the first satellite launched by India?
| Aryabhatta I – launched during 1945  | |
| Aryabhatta I – launched during 1965  | |
| Aryabhatta I – launched during 1975  | |
| Aryabhatta I – launched during 1935  | 
| Question 29 | 
Five Year Plan in India was borrowed from _________
| Sovient Russia	 | |
| United States of America | |
| United Kingdom	 | |
| UAE | 
| Question 30 | 
Eleventh Five Year Plan Period is __________
| 1956 – 1961		 | |
| 1997 – 2002 | |
| 2002 – 2007 | |
| 2007 – 2012 | 
| Question 31 | 
Chairman of Planning Commission of India is ________
| President of India		 | |
| Prime Minister of India | |
| Finance Minister of India | |
| Vice President of India | 
| Question 32 | 
Planning Commission of India was set up in the year _________
| 1962 | |
| 1950 | |
| 1956 | |
| 1949 | 
| Question 33 | 
Nehru decided that India would be a __________
| Mixed Economy | |
| Socialist Economy | |
| Capitalist Economy | |
| Money Economy | 
| Question 34 | 
Green revolution was introduced in the year ________
| 1967 | |
| 1977 | |
| 1987 | |
| 1957 | 
| Question 35 | 
Bhoodan Movement was started by __________
| Jayaprakash Narayan | |
| Jawaharlal Nehru | |
| Acharya Vinobhabhave | |
| Dr. Rajendra Prasad | 
| Question 36 | 
Which year has a special significance in Indian Economic _________
| 1981 | |
| 1991 | |
| 2001 | |
| 2010 | 
| Question 37 | 
The Organization which is responsible for research and development in the area of Satellite and Communication
| ICAR | |
| ICMR | |
| ISRPO | |
| CSIR | 
| Question 38 | 
As per 2001 census, the literacy rate in India is ___________
| 64.8%		 | |
| 65.8% | |
| 66.8%		 | |
| 67.8% | 
| Question 39 | 
The arrival of Vasco da Gama in Calicut, India
| 1498 | |
| 1948 | |
| 1689 | |
| 1849 | 
| Question 40 | 
In 1614 Sir Thomas Roe was successful in getting permission from
| Akbar | |
| Shajakan | |
| Jahangir | |
| Noorjakhan | 
| Question 41 | 
The power for governance of India was transferred from the East India Company (EIC) to the British crown in
| 1758 | |
| 1858 | |
| 1958 | |
| 1658 | 
| Question 42 | 
Ryotwari system was initially introduced in
| Kerala | |
| Bengal | |
| Tamil Nadu | |
| Maharastra | 
| Question 43 | 
First World War started in the year
| 1914 | |
| 1814 | |
| 1941 | |
| 1841 | 
| Question 44 | 
When did the Government of India declared its first Industrial Policy ?
| 1956 | |
| 1991 | |
| 1948 | |
| 2000 | 
| Question 45 | 
The objective of the Industrial Policy 1956 was ........
| Develop heavy industries | |
| Develop agricultural sector only | |
| Develop private sector only | |
| Develop cottage industries only | 
| Question 46 | 
The industry which was de-reserved in 1993 ?
| Railways | |
| Mining of copper and zinc | |
| Atomic energy | |
| Atomic minerals | 
| Question 47 | 
The father of Green Revolution in India was ............
| M.S. Swaminathan | |
| Gandhi | |
| Visweswaraiah | |
| N.R. Viswanathan | 
| Question 48 | 
How many commercial banks were nationalised in 1969 ?
| 10 | |
| 12 | |
| 14 | |
| 16 | 
| Question 49 | 
The main objective of nationalization of banks was .......
| Private social welfare | |
| Social welfare | |
| To earn | |
| Industries monopoly | 
| Question 50 | 
The Planning Commission was setup in the year .....
| 1950 | |
| 1955 | |
| 1960 | |
| 1952 | 
| Question 51 | 
In the first five year plan, The top priority was given to ....... Sector.
| Service | |
| Industrial | |
| Agriculture | |
| Bank | 
| Question 52 | 
Tenth Five year plan period was.......
| 1992-1997 | |
| 2002-2007 | |
| 2007-2012 | |
| 1997-2002 | 
| Question 53 | 
According to HDR (2016), India ranked ...... out of 188 countries.
| 130     | |
| 131 | |
| 135     | |
| 145 | 
| Question 54 | 
Annual Plans formed in the year ..........
| 1989-1991 | |
| 1990-1992 | |
| 2000-2001 | |
| 1981-1983 | 
| Question 55 | 
The Oldest large scale industry in India
| cotton | |
| jute | |
| steel | |
| cement | 
| Question 56 | 
The 14 banks were nationalized in the year
| 1935  | |
| 1956 | |
| 1969  | |
| 1959 | 
| Question 57 | 
The main theme of the Twelth Five Year Plan
| faster and more inclusive growth | |
| growth with social Justice | |
| socialistic pattern of society | |
| faster, more inclusive and sustainable growth | 
| Question 58 | 
The PQLI was developed by ................
| Planning Commission | |
| Nehru | |
| Morris | |
| D Morrisd.Biswajeet | 
| Question 59 | 
_________ refers to a system of political and social relations between the two countries, of which one is the ruler and the other is its colony
| Colonialism | |
| Socialism | |
| Capitalism | |
| All of these | 
| Question 60 | 
The _________ has traded in Goa as early as 1510.
| Indians | |
| Portuguese | |
| Greeks | |
| Romans | 
| Question 61 | 
In 1614 _______ was successful in getting permission from Jahangir for setting up factories and slowly moved all parts of India.
| Lord William Bentick | |
| Lord Cornwallis | |
| Sir Thomas Roe | |
| Swaminathan | 
| Question 62 | 
Britain had exploited ______ over a period of two countries of its colonial rule.
| India | |
| England | |
| British | |
| Europe | 
| Question 63 | 
The East Indian Company had captured political power to secure maximum goods for _______
| Maximum payment | |
| Minimum payment | |
| Normal payment | |
| None of these | 
| Question 64 | 
The British capitalists who established _______ in Bengal.
| Thread Mills | |
| Cotton Mills | |
| Rice Mills | |
| Jute Mills | 
| Question 65 | 
The Indian handicrafts products had a ________ market
| National Market | |
| State Level Market | |
| Worldwide Market | |
| Local Market | 
| Question 66 | 
Indian handicrafts products could not complete with ________ products
| Consumer products | |
| Intermediate goods | |
| Machine made products	 | |
| None of these | 
| Question 67 | 
________ introduce ‘permanent settlement Act.’
| Lord Cornwallis | |
| Lord William Bentinck | |
| Jahangir | |
| Visweswaraiah | 
| Question 68 | 
Mahalwari System was introduced by _______
| Lord Cornwallis | |
| Lord William Bentinck | |
| Sir Thomas Munro	 | |
| Captain Alexander Reed | 
| Question 69 | 
Ryotwari Sytem was introduced by ________
| Lord Cornwallis		 | |
| Lord William Bentinck | |
| Sir Thomas Munro and Captain Alexander Reed | |
| All of these | 
| Question 70 | 
Mahalwari System was introduced in _________
| 1820 | |
| 1800 | |
| 1993 | |
| 1793 | 
| Question 71 | 
The production of coal had risen to over tones per annum.
| 6 million tones | |
| 5 million tones | |
| 3 million tones | |
| 8 million tones | 
| Question 72 | 
At the end of ______ century there were about 36 Jute Mills, 194 Cotton Mills and good number of plantation industries.
| 18th Century | |
| 19th Century | |
| 20th Century | |
| 21st Century | 
| Question 73 | 
During the first part of 20th Century swadeshi movement stimulated the ________ process in India.
| Liberalization | |
| Privatization | |
| Industrialization | |
| None of these | 
| Question 74 | 
India is the Asia’s ________ largest economy.
| First | |
| Fifteenth | |
| Eighth | |
| Third | 
| Question 75 | 
Industries were classified into ______ groups.
| One | |
| Two | |
| Three | |
| Four | 
| Question 76 | 
Green Revolution started in India _________
| 1950 | |
| 1960 | |
| 1980 | |
| 1990 | 
| Question 77 | 
Example for cash crops _______
| Sugarcane	 | |
| Cotton and Jute | |
| Oil seeds and potatoes | |
| All of these | 
| Question 78 | 
Green Revolution had brought prosperity o________ people.
| Urban People | |
| Rural People | |
| City People | |
| None of these | 
| Question 79 | 
The First large scale plant was ______
| TISCO | |
| IISCO | |
| SAIL | |
| All of these | 
| Question 80 | 
The first public sector unit was ________
| TISCO | |
| IISCO | |
| Vishveshvaraya | |
| SAIL | 
| Question 81 | 
Steel Authority of India Ltd (SAIL) was established in ________
| 1864 | |
| 1854 | |
| 1818 | |
| 1974 | 
| Question 82 | 
The paper industry in India is ranked among the _________ top global paper industries.
| 10 | |
| 15 | |
| 20 | |
| 25 | 
| Question 83 | 
Oil and Natural Gas commission (ONGC) was established in __________
| 1950 | |
| 1952 | |
| 1956 | |
| 1960 | 
| Question 84 | 
_______ bank is a bank in which government holds a major portion of the shares.
| Public sector | |
| Private sector | |
| Joint sector | |
| Corporations | 
| Question 85 | 
Public Sector banks are classified into categories.
| One  | |
| Two | |
| Three | |
| Four | 
| Question 86 | 
Plan Holiday ________
| 1960 – 1965 | |
| 1963 – 1966	 | |
| 1966 – 1969 | |
| 1969 – 1972 | 
| Question 87 | 
Duration for twelfth five year plan is ______
| 1997 – 2002	 | |
| 2002 – 2007 | |
| 2007 – 2012 | |
| 2012 – 2017 | 
| Question 88 | 
The Sarva Shiksha Abiyan was introduced in the ______
| First five year plan	 | |
| Tenth five year plan | |
| Third five year plan | |
| Ninth five year plan | 
| Question 89 | 
The aim of Securities and Exchange board of India is _________
| To product consumers | |
| To protect people | |
| To protect weaker sections | |
| To protect the interest of investors | 
| Question 90 | 
Bombay stock exchange was established in the year _________
| 1875 | |
| 1975 | |
| 1775 | |
| 1675 | 
| Question 91 | 
HDI represents ______
| Physical attributes		 | |
| Financial attributes | |
| Physical and financial attributes	 | |
| Cost of living | 
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