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 10 questions. Answers to Economics MCQs are available at the end of the last question.




1. The Reserve Bank of India was nationalized in :

(a)    1947

(b)    1948

(c)     1949

(d)    1950

2. ________ is the apex bank for agriculture credit in India:

(a)    RBI

(b)    SIDBI

(c)     NABARD

(d)    ICICI

3. The largest contribution to GDP comes from :

(a)    Agriculture

(b)    Manufacturing

(c)     Construction

(d)    Services

4. Labour force engaged in industry in India:

(a)    12%

(b)    15%

(c)     18%

(d)    21%

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

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




7. Small scale sector contributes to about ______ % of total exports (updated):

(a)    35%

(b)    34%

(c)     40%

(d)    10%

8. NABARD was set up in _____:

(a)    1982

(b)    1980

(c)     2000

(d)    2001

9. The tenth plan aims at achieving a growth rate of ______ percent in industrial sector :

(a)    5

(b)    8

(c)     10

(d)    6

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%

 

ANSWERS

1. (c) 1949

2. (c) NABARD

3. (d) Services

4. (c) 18%

5. (d) Capital and basic goods

6. (b) Second Plan

7. (b) 34%

8. (a) 1982

9. (c) 10

10.(d) 55.1%

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