F.Y B.COM
SEMESTER - 1
INDIAN ECONOMIC STRUCTURE
(IES)
MCQS - 2 FEBRUARY 2022
1. Which of the following is not the feature of Indian Economy as an underdeveloped economy?
A. Inequality in income and wealth distribution
B. Very high per capita income
C. Problem of unemployment and under employment
D. Low rate of savings and investment
2. The Second five year plan was based on
A. Harrod Domar growth model
B. Mahalanobis growth model
C. Kaldor growth model
D. Solow growth model
3. In the data given of GDP, which was the most productive sector in 1951?
A. Primary
B. Tertiary
C. Secondary
D. Equal production
4. When we produce a good by exploiting natural resources, it is an activity of the:
A. Secondary sector
B. Tertiary sector
C. Primary sector
D. Organised sector
5. Which of the following is not the main cause of industrial deceleration and structural retrogression during the second phase in the opinion of the government?
A. Wars of 1962
B. Equal distribution of Income and Wealth
C. Oil crisis of 1973
D. Drought conditions of 1965
6. When does Trade deficit take place?
A. When Exports are equal to Imports
B. When Exports are greater than imports
C. When Exports are less than Imports
D. When Exports are Zero
7. The economy is classified into public and private sectors on the basis of:
A. Employment conditions
B. The nature of economic activity
C. Ownership of enterprises
D. Number of workers employed in the enterprise
8. In the second Five year plan, emphasis was not given on _______.
A. Basic Industries
B. Consumer goods
C. Heavy Industries
D. Capital Goods Industries
9. Which of the following sectors is the largest employer in India?
A. Primary Sector
B. Secondary Sector
C. Tertiary Sector
D. IT Sector
10. Production of a commodity, mostly through the natural process, is an activity in _________ sector.
A. Primary
B. Secondary
C. Tertiary
D. Information technology
11. What led to an increase in the production of Maize?
A. Hybrid Seeds
B. Increase in Rain fall
C. Credit Facility
D. Educating Farmers
12. Main feature of the structural change in Indian Economy during the plan period is -
A. Substantial increase in share of service sector in GDP
B. Eemergence of the industrial sector as the highest contributing sector in GDP
C. Emergence of the industrial sector as the highest employment generating sector
D. Reduction in the share of Industrial sector
13. Which of the following types of activities are covered in the secondary sector?
A. It generates services rather than goods.
B. Natural products are changed through manufacturing.
C. Goods are produced by exploiting natural resources.
D. It includes agriculture, forestry and dairy.
14. By the end of Planning period there was change in the composition of exports towards ________.
A. Manufactured goods
B. Food and allied products
C. Minerals and ores
D. Petroleum Products
15. _______ sector adds value to the product
A. Primary
B. Secondary
C. Tertiary
D. Agriculture
16. Balance of payment is recorded in _________.
A. Euro
B. US Dollar
C. Rupee
D. yen
17. Mixed Economy means an economy where:
A. Both agriculture and industry are equally promoted by the state.
B. There is co-existence of public sector along with private sector.
C. There is importance of small scale industries along with heavy industries.
D. Economy is controlled by military as well as civilian rulers.
18. Indian Economy is:
A. Socialist Economy
B. Gandhian Economy
C. Mixed Economy
D. Free Economy
19. Developing countries are also known as
A. First world countries
B. Second world countries
C. Third world countries
D. High Income countries
20. A high average level of real income per head is always associated with a high proportion of the working population engaged in ________ sector.
A. Primary
B. Secondary
C. Tertiary
D. Mining
21. Phase 3 of Industrial Development during planning period is also known as _________.
A. Period of Industrial Deceleration
B. Building up strong industrial base
C. Period of industrial Recovery
D. Post Reform period
22. In the year 2013-14, in order to reduce trade deficit, the government had increased the custom duty on gold ________.
A. 10%
B. 12%
C. 15%
D. 20%
23. In which of the following year surplus on current account balance was observed in India?
A. 2003-04
B. 2005-06
C. 2004-05
D. 2001-02
24. Which of the following is not the institutional cause of low level of Productivity?
A. Land tenure system
B. Lack of credit and marketing facility
C. Uneconomic land holding
D. Land Degradation
25. Which among the following may be considered as a significant cause of low agriculture productivity in India?
A. Defective tenancy reforms
B. Lack of enthusiasm among farmers
C. Conservative social systems
D. Absence of agricultural inputs to raise productivity
26. During recent past, the highest GDP growth rate has been achieved in the year?
A. 2005-06
B. 2006-07
C. 2007-08
D. 2008-09
27. Which of the following activities is not the activity of Primary Sector?
A. Milking
B. Fishing
C. Making of sugar
D. Farming
28. Which is the commercial crop
A. Rice
B. Wheat
C. Tea
D. Bajara
29. The Second five year plan was based on ________.
A. Harrod Domar growth model
B. Mahalanobis growth model
C. Kaldor growth model
D. Solow growth model
30. Occupational structure refers to the -
A. Number of workers living in the country.
B. Size of the working population in the industry.
C. Distribution of working population among different occupation.
D. Nature of different occupation in the economy
31. High Volatility in Industrial sector is observed in which five year plan?
A. 7th Plan
B. 3rd Plan
C. 9th Plan
D. 11th Plan
32. According to ___________ "Underdeveloped Country" is Charactarised by the existence in greater or less degree, of unutilised or under utilised manpower on the one hand and of unexploited natural resources on the other
A. Jacob Viner
B. Planning Commission
C. Michael Todaro
D. Adam smith
33. Who Compiles Balance Of Payments in India?
A. RBI
B. SBI
C. SEBI
D. Ministry of Finance
34. Which of the following activities does not belong to the primary sector?
A. Fishing
B. Banking
C. Mining
D. Forestry
35. Which sector has emerged as the largest producing sector in India. Select one from the following alternatives
A. Secondary sector
B. Tertiary sector
C. Science and Technology sector
D. Primary sector
36. Which sector has the largest contribution in the GDP?
A. Primary Sector
B. Tertiary Sector
C. Technology Sector
D. Secondary Sector
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