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36 questions · timed · auto-graded

MCQ 11 Mark
Pick the odd one out
  • A
    Crop insurance
  • B
    Cold storage
  • Agriculture subsidy reduction
  • D
    Kisan credit card
Answer
Correct option: C.
Agriculture subsidy reduction
(c) Agriculture subsidy reduction
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MCQ 21 Mark
Pick the odd one out
  • A
    Liberalization
  • Industrialization
  • C
    Privatization
  • D
    Globalization
Answer
Correct option: B.
Industrialization
(b) Industrialization
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MCQ 31 Mark
a)Rate of GST1)2%
b)Kharif crops2)1.50%
c)FDI3)28%
d)Rabi crops4)51%
  • A
    4 3 2 1
  • B
    3 2 4 1
  • C
    1 2 3 4
  • 3 1 4 2
Answer
Correct option: D.
3 1 4 2
3 1 4 2
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MCQ 41 Mark
a)New trade policy1)2017
b)GST2)1991
c)Kisan card3)2020-2015
d)EXIM policy4)1998
  • A
    1 2 3 4
  • 2 1 4 3
  • C
    3 4 2 1
  • D
    1 2 4 3
Answer
Correct option: B.
2 1 4 3
2 1 4 3
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MCQ 61 Mark
was set up to encourage FDI
  • A
    Domestic investment promotion board
  •  Foreign investment promotion board
  • C
    Both
  • D
     None
Answer
Correct option: B.
 Foreign investment promotion board
 Foreign investment promotion board
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MCQ 71 Mark
Disinvestment means
  • Selling of government securities
  • B
    Selling of public sectors
  • C
     Selling of private securities
  • D
    None
Answer
Correct option: A.
Selling of government securities
 Selling of government securities
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MCQ 81 Mark
Choose the incorrect statement
  • A
    New foreign trade policy was introduced on 2015
  • First ever export processing zone was set up by China
  • C
    Cold storage order was introduced in 1964.
  • D
    India’s GDP crossed 2 trillion dollars in 2015-16
Answer
Correct option: B.
First ever export processing zone was set up by China
(b) First ever export processing zone was set up by China
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MCQ 91 Mark
Choose the incorrect statement
  • A
    Prime minister’s crop insurance scheme was launched on 2016
  • B
    New industrial policy was established on 1991
  • C
    Kisan credit card was introduced by RBI and NABARD
  • Goods and Services Tax was introduced in 2015
Answer
Correct option: D.
Goods and Services Tax was introduced in 2015
(d) Goods and Services Tax was introduced in 2015
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MCQ 101 Mark
a)Narasimman committeeCash reserve ratio
b)Dr.Raj krishnaHindu rate of growth
c)Chelliah committeeGST
d)Prime MinisterNew industrial policy
  • A
    4 3 2 1
  • B
    3 2 4 1
  • 1 2 3 4
  • D
    3 1 4 2
Answer
Correct option: C.
1 2 3 4
(c) Chelliah committee (iii) GST
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MCQ 111 Mark
a).Pulses 6-8%
b)Milk 1%
c)Cereals 5-6%
d)Meat 3%
  • A
    1 2 3 4
  • 2 1 4 3
  • C
    3 4 2 1
  • D
     1 2 4 3
Answer
Correct option: B.
2 1 4 3
(b) 2 1 4 3
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MCQ 121 Mark
Choose the correct statement
  • A
    Privatization measures discourage the continuance of monopoly.
  • B
    Disinvestment process was fully implemented
  • New industrial policy abolished the MRTP act.
  • D
    Foreign investment includes FDI and FII
Answer
Correct option: C.
New industrial policy abolished the MRTP act.
(c) New industrial policy abolished the MRTP act.
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MCQ 131 Mark
Choose the correct statement
  • A
    China is the largest producer of fruits.
  • B
    India is the largest producer of vegetables.
  • Agricultural produce market committee (ADMC) promotes agricultural activities.
  • D
    Tobacco is a plantation crop
Answer
Correct option: C.
Agricultural produce market committee (ADMC) promotes agricultural activities.
c) Agricultural produce market committee (ADMC) promotes agricultural activities.
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Question 141 Mark
a)Dr. Raj KrishnaLow rate of economic growth
b)Narasimman committeeReduction in interest rate
c)Chelliah committeeSpecial economic zone
d)Crop insuranceChief minister
Answer
(a) Dr.Raj Krishna (i) Low rate of economic growth
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Question 151 Mark
a)Trade policy1999
b)Crop insurance2017
c)New industrial policy1994
d)Cash reserve ratio1991
Answer
(d) Cash reserve ratio (iv) 1991
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MCQ 161 Mark
was one of the first in Asia to recognize the effectiveness of the export processing zone
  • India
  • B
     China
  • C
    America
  • D
     the Soviet Union
Answer
Correct option: A.
India
 India
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MCQ 201 Mark
Goods and Services Tax came into effect on ______
  • A
     30,h June 2017
  • B
    1st July 2016
  • 1st July 2017
  • D
    1st April 2017
Answer
Correct option: C.
1st July 2017
 1st July 2017
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MCQ 211 Mark
EPZ means ______
  • A
    Export Pay Zone
  • B
     Export Policy Zone
  •  Export Processing Zone
  • D
     Special Economic Zone
Answer
Correct option: C.
 Export Processing Zone
 Export Processing Zone
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MCQ 221 Mark
The expansion of KCC ______
  • A
     Kisan Crop Card
  • B
    Kisan Cash Card
  •  Kisan Credit Card
  • D
     None of the above
Answer
Correct option: C.
 Kisan Credit Card
Kisan Credit Card
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MCQ 241 Mark
The monopoly and Restrictive Trade Practices Act was abolished in ______
  • A
    1919
  • B
     1971
  •  1991
  • D
     1791
Answer
Correct option: C.
 1991
 1991
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MCQ 261 Mark
The expansion of FDI is
  • A
     Foreign comprehensive investment ______
  •  Foreign direct investment
  • C
     Foreign indirect investment
  • D
     Foreign private investment
Answer
Correct option: B.
 Foreign direct investment
 Foreign direct investment
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MCQ 281 Mark
Goods and Services Tax came into effect on ______
  • A
     30,h June 2017
  • B
    1st July 2016
  • 1st July 2017
  • D
    1st April 2017
Answer
Correct option: C.
1st July 2017
 1st July 2017
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MCQ 291 Mark
EPZ means ______
  • A
    Export Pay Zone
  • B
     Export Policy Zone
  •  Export Processing Zone
  • D
     Special Economic Zone
Answer
Correct option: C.
 Export Processing Zone
 Export Processing Zone
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MCQ 301 Mark
The expansion of KCC ______
  • A
     Kisan Crop Card
  • B
    Kisan Cash Card
  •  Kisan Credit Card
  • D
     None of the above
Answer
Correct option: C.
 Kisan Credit Card
Kisan Credit Card
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MCQ 321 Mark
The monopoly and Restrictive Trade Practices Act was abolished in ______
  • A
    1919
  • B
     1971
  •  1991
  • D
     1791
Answer
Correct option: C.
 1991
 1991
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MCQ 341 Mark
The expansion of FDI is
  • A
     Foreign comprehensive investment ______
  •  Foreign direct investment
  • C
     Foreign indirect investment
  • D
     Foreign private investment
Answer
Correct option: B.
 Foreign direct investment
 Foreign direct investment
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MCQ 351 Mark
Assertion (A): GST is a comprehensive indirect tax.
Reason (R): GST is a multi-point tax
  • (A) is true (R) is false.
  • B
    (A) is false (R) is true
  • C
    Both (A) and (R) are true.
  • D
    Both (A) and (R) are false.
Answer
Correct option: A.
(A) is true (R) is false.
(A) is true (R) is false.
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MCQ 361 Mark
Assertion (A): Agriculture in India is highly prone to risks like droughts and floods.
Reason (R): Agriculture is a seasonal activity.
  • (A) and (R) are true; (R) is the correct explanation of (A)
  • B
    (A) and (R) are true. (R) is not the correct explanation of (A)
  • C
    Both (A) and (R) are false.
  • D
    is true (R) is false.
Answer
Correct option: A.
(A) and (R) are true; (R) is the correct explanation of (A)
(a) (A) and (R) are true; (R) is the correct explanation of (A)
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MCQ - Economics STD 11 Questions - Vidyadip