Economics MCQs with Answers – Chapter 5 – Role of Different Sectors

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


 

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