Economics MCQs with Answers, which are covered in this chapter, relate to the topic, Role of Different Sectors. Economics MCQs with Answers Test contains 20 questions. Answers to Economics MCQs are available after clicking on the answer.
1.The Reserve Bank of India was nationalized in :
(a) 1947
(b) 1948
(c) 1949
(d) 1950
Answer
Answer: (c) 1949
2.________ is the apex bank for agriculture credit in India:
(a) RBI
(b) SIDBI
(c) NABARD
(d) ICICI
Answer
Answer: (c) NABARD
3.The largest contribution to GDP comes from :
(a) Agriculture
(b) Manufacturing
(c) Construction
(d) Services
Answer
Answer: (d) Services
4.Labour force engaged in industry in India:
(a) 12%
(b) 15%
(c) 18%
(d) 21%
Answer
Answer: (c) 18%
5.Mahalanobis model stressed upon the establishment of:
(a) Consumer goods industries
(b) Expert oriented industries
(c) Agro-based industries
(d) Capital and basic goods
Answer
Answer: (d) Capital and basic goods
Economics MCQs with Answers – Role of Different Sectors
6.Three steel plants in Bhilai Rourkola and Durgapur were set up in the :
(a) First Plan
(b) Second Plan
(c) Third Plan
(d) Forth Plan
Answer
Answer: (b) Second plan
7.Small scale sector contributes to about ______ % of total exports (updated):
(a) 35%
(b) 34%
(c) 40%
(d) 10%
Answer
Answer: (b) 34%
8.NABARD was set up in _____:
(a) 1982
(b)1980
(c) 2000
(d) 2001
Answer
Answer: (A) 1982
9.The tenth plan aims at achieving a growth rate of ______ percent in industrial sector :
(a) 5
(b) 8
(c) 10
(d) 6
Answer
Answer: (c) 10
10.The share of tertiary sector in GDP in 2006-07 was : [updated]
(a) 51.4%
(b) 45.1%
(c) 42.3%
(d) 55.1%
Answer
Answer: (d) 55.1%
Economics MCQs with Answers – Role of Different Sectors
11.Animal husbandry comes under which sector?
(a) Primary sector
(b) Secondary sector
(c) Tertiary sector
(d) None of the above
Answer
Answer: (A) Primary sector
12.Basic and capital goods industries are in ______ plan.
(a) First
(b) Second
(c) Third
(d) None
Answer
Answer: ( b) Second
13.In which plan, maximum development took place in the industrial sector?
(a) First plan
(b) Second plan
(c) Third plan
(d) Fourth plan.
Answer
Answer: (b) Second plan
14.AGMARK is related to:
(a) Industrial Production
(b) Service Sector
(c) Agricultural production
(d) Egg Production.
Answer
Answer: (c) Agriculture production
Economics MCQs with Answers – Role of Different Sectors
15.Green Revolution was started in
(a) 1996
(b) 1966
(c) 1977
(d) 1965
Answer
Answer: (b) 1966
16.In the occupational structure of India, which sector’s contribution is increasing?
(a) Agriculture.
(b) Industries.
(c) Services.
(d) Animal husbandry
Answer
Answer: (c) Services
17.Tourism industry comes under ______
(a) Primary sector.
(b) Secondary sector.
(c) Tertiary sector.
(d) Foreign sector.
Answer
Answer: (c) Tertiary sector
18.Which five year plan accorded highest priority to the establishment of basic and heavy industries in India.
(a) First plan.
(b) Second plan.
(c) Third plan
(d) Fourth plan.
Answer
Answer: (b) Second plan
19.Which of the following is associated with the land reforms introduced in India after independence?
(a) Abolition of intermediaries.
(b) Tenancy reforms.
(c) Reorganization of agriculture.
(d) All of the above.
Answer
Answer: (d) All of the above
20.Which is the apex body in industrial fiancé in India?
(a) Industrial Development Bank of India
(b) Reserve Bank of India
(c) State Bank of India
(d) Ministry of Industries.
Answer
Answer: (a) Industrial Development Bank of India