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M.C.Q (1 Marks)

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MCQ 11 Mark
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Identify the kind of activities, which may be envisaged under_____as diversification activity.
  • A
    Fisheries
  • B
    Animal Husbandry
  • C
    Organic farming
  • D
    Horticulture
Answer
(b) Animal Husbanry
Explanation : Animal Husbanry
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MCQ 21 Mark
Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:
Column IColumn II
 (a) Land Ceiling (i) Increase in production of food grain using high yielding variety seeds
 (b) Land reforms  (ii) Portion of agricultural produce sold in the market
 (c) Green Revolution (iii) Fixing the maximum limit of land holding for an individual.
 (d) Marketed Surplus (iv) Change in the ownership of land (land to tillers)
  • A
    (a) - (ii), (b) - (iv), (c) - (i), (d) - (iii)
  • B
    (a) - (i), (b) - (ii), (c) - (iii), (d) - (iv)
  • C
    (a) - (iii), (b) - (i), (c) - (iv), (d) - (ii)
  • D
    (a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)
Answer
(d) (a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)
Explanation: (a) - (iii), (b) - (iv), (c) - (i), (d) - (ii)
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MCQ 31 Mark
Statement 1: Agriculture was commercialised during the British rule to cater to the needs of British industries for necessary raw materials.
Statement 2: The fall in production of food crops was responsible for frequent famines in India during the British days
  • A
    Statement 1 is true and Statement 2 is false
  • B
    Both the statements are false
  • C
    Both the statements are true.
  • D
    Statement 2 is true and Statement 1 is false.
Answer
(c) Both the statements are true.
Explanation: Both the statements are true.
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MCQ 41 Mark
The ________ of the environment implies that the resource extraction rate is not above the rate of resources regeneration.
  • A
    Opportunity cost
  • B
    Absorptive capacity
  • C
    Absorptive capacity
  • D
    Absorptive capacity
Answer
(d) Carrying capacity
Explanation: Carrying capacity implies that the resource extraction is not above the rate of regeneration of the resource and the wastes generated are within the assimilating capacity of the environment.
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MCQ 51 Mark
Pakistan introduced its economic reforms in the year ________.
  • A
    1988
  • B
    1974
  • C
    1978
  • D
    1976
Answer
(a) 1988
Explanation: Pakistan introduced its economic reforms in 1988. Pakistan adopted economic stabilization and structural reform policies in 1988 in an effort to reduce domestic financial imbalances and external deficits.
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MCQ 61 Mark
It controls and guides higher education ________.
  • A
    IGNOU
  • B
    ICMR
  • C
    UGC
  • D
    NCERT
Answer
(c) UGC
Explanation: University Grants Commission was established in November 1956 by the Government of India through an act of Parliament for the coordination, determination and maintenance of standards of university education in India.
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MCQ 71 Mark
Assertion (A): The industrial sector growth slowed down during reforms.
Reason (R): Due to availability of cheaper imports and lower investment.
  • 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
  • C
    A is true but R is false.
  • D
    A is false but R is true.
Answer
(a) Both A and R are true and R is the correct explanation of A.
Explanation: Both A and R are true and R is the correct explanation of A.
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MCQ 81 Mark
Policy of Import Substitution was targeted to protect ________ industries.
  • A
    Small scale
  • B
    Village
  • C
    Domestic
  • D
    Domestic
Answer
(c) Domestic
Explanation: Domestic
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MCQ 91 Mark
Introduction of Economic Reform in Pakistan took place in ________.
  • A
    1991
  • B
    1980
  • C
    1988
  • D
    1978
Answer
(c) 1988
Explanation: 1988
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MCQ 101 Mark
The workers who own and operate an enterprise to earn their livelihood are known as
  • A
    self-employed
  • B
    employees
  • C
    Salaried worker
  • D
    Salaried worker
Answer
(a) self-employed
Explanation:Self-employment is the state of working for oneself rather than an employer.
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M.C.Q (1 Marks) - Economics STD 12 Commerce Questions - Vidyadip