1. Nature Of Indian EconomyNature Of Indian Economy

1. The term ‘mixed economy’ denoted:

(a) existence of both rural and urban sectors

(b) existence of both private and public sectors

(c) existence of both heavy and small industries

(d) existence of both developed and underdeveloped sectors

2. The Indian Economy is characterised by :

1. Pre-dominance of Agriculture

2. Pre-dominance of Industry

3. Low Per Capita Income

4. Massive Unemployment

Select your answer from the code given below:


(a) 1 and 2 only

(c) 2, 3 and 4 only

(b) 1, 2 and 3 only

(d) 1,3 and 4 only

3. In India, planned economy is based on:

(a) Gandhian System

(b) Socialist System

(c) Capitalist System

(d) Mixed Economy System

4. Economic liberalisation in India started with:

(a) substantial changes in industrial licensing policy

(b) the convertibility of Indian rupee

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

(d) significant reduction in tax rates

5. In an economy, the sectors are classified into public and

private on the basis of

(a) employment condition

(b) nature of economic activities

(c) ownership of enterprises

(d) use of raw materials

6. The ‘Dual Economy’ is a mixture of

(a) traditional agriculture sector and modern industrial sector

(b) industrial sector and manufacturing sector

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

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

(e) none of these

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

(a) Primary Sector

(b) Secondary Sector

(c) Tertiary Sector

(d) Mining Sector

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

(a) first falls and the rises 

(b) first rises and then falls

(c) keeps on increasing

(d) remains constant

9. It will be true to classify India as:

(a) A food-deficit economy

(b) A labour-surplus economy

(c) A trade-surplus economy

(d) A capital-surplus economy

10. Mixed economy means:

(a) Where agriculture and industry are given equal


(b) Where public sector exists along with the private sector in national economy

(c) Where globalization is transferred with heavy dose

of Swadeshi in national economy

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

Biology-Botany and its branches-01
Biology-Zoology and its branches-02
Biology-Classification of plant Kingdom-03
Biology-Plant Morphology-04
Biology-Plant Physiology-05
Biology-Taxonomy of Angiosperms-06
Biology-Plant tissues-07
Biology-Plant Disease-08
Biology-Plant Genetics-09

Nature Of Indian Economy

Share & Help Others
Tweet 20
Indian Economy Miscellaneous Questions
National Income in India 

Leave a Comment

Your email address will not be published. Required fields are marked *