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M.C.Q (1 Marks)

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MCQ 11 Mark
Write the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
Column IColumn II
(a) Growth(i) Adoption of new technology to increase the production of goods and services.
(b) Modernisation(ii) Avoiding imports of those goods which could be produced in India itself.
(c) Self-reliance(iii) Every Indian should be able to meet his/her basic needs such as food, a decent house, education and health, and inequality in the distribution of wealth should be reduced.
(d) Equity(iv) Increase in the country’s capacity to produce the output of goods and services within the country.
  • A
    (a) - (ii), (b) - (iv), (c) - (i), (d) - (iii)
  • B
    (a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)
  • C
    (a) - (iii), (b) - (i), (c) - (iv), (d) - (ii)
  • D
    (a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)
Answer
(d) (a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)
Explanation:(a) - (iv), (b) - (i), (c) - (ii), (d) - (iii)
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MCQ 21 Mark
Statement I: More than Half of India's Foreign trade was restricted to Britain.
Statement II: Britain maintained Monopoly control on India's Import and Export.
  • A
    Both the statements are true.
  • B
    Statement I is true, but statement II is false.
  • C
    Statement II is true, but statement I is false
  • D
    Both the statements are false.
Answer
(a) Both the statements are true.
Explanation: Both the statements are true.
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MCQ 31 Mark
Environment and economy are ________ and need of each other.
  • A
    interdependent
  • B
    dependent
  • C
    independent
  • D
    complimentary
Answer
(a) interdependent
Explanation: interdependent
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MCQ 41 Mark
Mixed economic system is followed in ________.
  • A
    Pakistan
  • B
    India
  • C
    China
  • D
    India as well as Pakistan
Answer
(d) India as well as Pakistan
Explanation: India as well as Pakistan adopted a mixed economic system in which major economic decisions are taken by the central government authority as well as are left to the free play of the market forces.
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MCQ 51 Mark
The Government of India enacted the Right to Education as a fundamental right for all children in the age group of ________ years.
  • A
    5 - 13
  • B
    6 - 12
  • C
    7 - 14
  • D
    8 - 14
Answer
(c) 6 - 14
Explanation: 6 - 14
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MCQ 61 Mark
Assertion (A): The WTO agreements cover trade in services to facilitate international multilateral trades only through removal of tariff and non-tariff.
Reason (R): The WTO agreements cover trade in goods as well as services to facilitate bilateral and multilateral international trade.
  • A
    Both A and R are true and R is the correct explanation of A.
  • B
    Both A and R are true but R is not the correct explanation of A.
  • C
    A is true but R is false.
  • D
    A is false but R is true.
Answer
(d) A is false but R is true.
Explanation: A is false but R is true.
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MCQ 71 Mark
Which scheme provides adequate and timely support from the banking system to the farmers for their cultivation needs in a flexible manner
  • A
    KBC
  • B
    KCC
  • C
    KMM
  • D
    KMC
Answer
(b) KCC
Explanation: KCC stands for Kisan Credit Card scheme in which this card is issued to the farmers who otherwise eligible for short term credit.
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MCQ 81 Mark
The major policy initiatives in agriculture sector were ________ and ________. These initiatives helped India to become self-sufficient in food grains production.
  • A
    Equity; Growth
  • B
    All of these
  • C
    Land reforms; Green revolution
  • D
    Modernisation; Self-reliance
Answer
(c) Land reforms; Green revolution
Explanation: Land reforms; Green revolution
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MCQ 91 Mark
Common success of India and Pakistan except
  • A
    Rise in GDP per capita
  • B
    Dismal fiscal management
  • C
    Self-sufficiency in food production
  • D
    Reduction in poverty
Answer
(b) Dismal fiscal management
Explanation: Must be able to plan the work-unit's budget and manage income and expenditure, through responsible implementation of policies, practices and decisions in order to achieve unit objectives effectively and efficiently.
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MCQ 101 Mark
If a person is absent from her duty due to maternity leave, will she be considered a worker?
  • A
    No
  • B
    Cannot say
  • C
    Yes
  • D
    Not always
Answer
(c) Yes
Explanation: Taking maternity leave is her right as as an employee and does not exclude her from being employed.
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M.C.Q (1 Marks) - Economics STD 12 Commerce Questions - Vidyadip