Economics Practice Quiz 111

Q1.In which year did India gain independence?

A. 1945 B. 1947 C. 1950 D. 1946

Q2.What was the path that India chose for its development after independence?

A. Capitalist development B. Planned development C. Mixed economy D. Socialist development

Q3.Which institution was established by the Government of India as part of its planned development approach?

A. NITI Aayog B. Planning Commission C. Finance Commission D. Election Commission

Q4.What are the periodic plans announced under India's planned development?

A. Annual plans B. Five year plans C. Ten year plans D. Fifteen year plans

Q5.What is the primary focus of the two chapters in Unit I of the source text?

A. Post-1990 economic reforms B. State of Indian economy at independence and four decades of planned development C. Agriculture and industry in India D. Poverty and unemployment in India

Q6.What does the text identify as factors leading to the condition of the Indian economy in 1947?

A. Underdevelopment and stagnation B. Rapid growth and industrialization C. High foreign investment D. Agricultural surplus

Q7.What was the primary objective of the British colonial rule in India?

A. To develop India's industrial base B. To reduce India to a raw material supplier for Great Britain C. To establish democratic institutions in India D. To promote handicraft industries in India

Q8.What was the main source of livelihood for most people in India before British rule?

A. Manufacturing B. Agriculture C. Trade D. Handicrafts

Q9.What characterized India's economy before British rule?

A. Only agriculture B. Agriculture and various manufacturing activities C. Only handicrafts D. Only trade

Q10.Which of the following individuals is noted for making significant estimates of India's national income during the colonial period?

A. Dadabhai Naoroji B. William Digby C. V.K.R.V. Rao D. R.C. Desai

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Economics Practice Quiz 111