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GK QuizIndian Economy

Indian Economy Mixed Quiz: Set 65

  • 20 questions
  • 20 minutes
  • Difficulty: Medium
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About this quiz

Set 65 of the Indian Economy mixed quiz has 20 multiple-choice questions from 9 different topics of the subject: Government Schemes for Women and Children, Make in India, Startup India and the PLI Scheme, Land Reforms in India and more. 5 of them were asked in real previous-year papers. A topic quiz checks one chapter; this set revises the whole subject at once, the way an exam paper does, where the next question can come from any chapter. Every question carries an explanation of why the correct option is right and why the others are wrong. Keep to the timer, read the explanations at the end, and go back to the notes of any topic where you slipped.

Questions in this quiz

20 questions with answers and explanations

Q1.Indian EconomyAsked in: UPSC Civil Services · CSE Prelims 2016, GS Paper IEasy

'Mission Indradhanush' launched by the Government of India pertains to

  1. A.immunization of children and pregnant women
  2. B.construction of smart cities across the country
  3. C.India's own search for the Earth-like planets in outer space
  4. D.New Educational Policy
Show answer
Correct answer: A. immunization of children and pregnant women

Mission Indradhanush is the Health Ministry's drive to vaccinate every child and pregnant woman left out of routine immunisation. The mission was launched on 25 December 2014 to raise full immunisation coverage among children under two years and pregnant women.

Q2.Indian EconomyAsked in: CDS · CDS-II 2019, GKEasy

Which of the following statements with regard to the 'Make in India' initiative is/are correct ? 1. It was launched in the year 2018. 2. Its objective is to foster innovation. Select the correct answer using the code given below:

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: B. 2 only

Make in India was launched in 2014, not 2018, and fostering innovation is one of its stated objectives. Prime Minister Narendra Modi launched Make in India on 25 September 2014 to turn India into a global hub for design and manufacturing.

Q3.Indian EconomyMedium

The Bhoodan movement was started in 1951 by whom and at which place?

  1. A.Jayaprakash Narayan at Sitabdiara
  2. B.Vinoba Bhave at Pochampally
  3. C.Mahatma Gandhi at Sevagram
  4. D.N.G. Ranga at Guntur
Show answer
Correct answer: B. Vinoba Bhave at Pochampally

Walking through the villages of the Telangana region in 1951 he asked landowners to treat the landless as their own kin and to gift a share of their land, and the first such gift at Pochampally began the Bhoodan or land gift movement, later extended as Gramdan, the gift of…

Q5.Indian EconomyEasy

Which of the following is not one of the central problems of an economy?

  1. A.What to produce
  2. B.How to produce
  3. C.For whom to produce
  4. D.Who will rule the country
Show answer
Correct answer: D. Who will rule the country

Because resources are scarce and wants are unlimited, every economy must answer three questions, and these are called its central problems: what goods and in what quantity to produce, how to produce them, that is by which technique and combination of labour and capital, and for whom to produce, that…

Q6.Indian EconomyEasy

The book An Inquiry into the Nature and Causes of the Wealth of Nations, which gave the idea of the invisible hand, was written by:

  1. A.Karl Marx
  2. B.Adam Smith
  3. C.J. M. Keynes
  4. D.David Ricardo
Show answer
Correct answer: B. Adam Smith

The Scottish economist published the Wealth of Nations in 1776 and is called the father of economics; he argued that if each person pursues his own interest in a free market, an invisible hand guides the outcome to the good of society, which became the classic defence of capitalism and…

Q7.Indian EconomyAsked in: CDS · CDS-I 2023, GKMedium

Which of the following strategies is/are adopted for implementing the POSHAN Abhiyaan? 1. Inter-sectoral convergence for better service delivery 2. Use of technology (ICT) for real-time growth monitoring of women and children Select the correct answer using the code given below.

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

Convergence of different schemes and the use of ICT for real-time monitoring are both core strategies of POSHAN Abhiyaan. POSHAN Abhiyaan (Prime Minister's Overarching Scheme for Holistic Nourishment), also called the National Nutrition Mission, was launched on 8 March 2018 at Jhunjhunu in Rajasthan.

Q9.Indian EconomyMedium

Under the Constitution, land and land tenures fall in which legislative list?

  1. A.Union List
  2. B.State List
  3. C.Concurrent List
  4. D.Residuary powers of Parliament
Show answer
Correct answer: B. State List

Land, rights in and over land, land tenures, the relation of landlord and tenant, and the collection of rent are entries of List II of the Seventh Schedule, which is why zamindari abolition, tenancy law and ceilings were enacted state by state and why their record varies so much.

Q10.Indian EconomyAsked in: UPSC CAPF · CAPF 2025, Paper IMedium

Which among the following regarding the nature of goods and income elasticity are correctly matched? (Nature of Goods : Income Elasticity) 1. Necessity : Between 0 and 1 2. Luxury : More than 1 3. Inferior : More than 0 Select the answer using the code given below.

  1. A.1 and 3 only
  2. B.2 and 3 only
  3. C.1 and 2 only
  4. D.1, 2 and 3
Show answer
Correct answer: C. 1 and 2 only

Necessities and luxuries are matched correctly, but an inferior good has a negative income elasticity, not a positive one. Income elasticity of demand is the percentage change in quantity demanded divided by the percentage change in income.

Q13.Indian EconomyMedium

Consolidation of holdings in India has been most successful in which group of states?

  1. A.Kerala and Tamil Nadu
  2. B.Punjab, Haryana and western Uttar Pradesh
  3. C.Odisha and West Bengal
  4. D.Assam and Tripura
Show answer
Correct answer: B. Punjab, Haryana and western Uttar Pradesh

These states made consolidation compulsory and completed it over most of their cultivated area, exchanging a farmer's scattered strips for one compact block, which made tube wells, tractors and field channels worth installing and so fed into the green revolution.

Q14.Indian EconomyMedium

The demonetisation of high denomination notes in January 1978 took place when who was the Prime Minister of India?

  1. A.Indira Gandhi
  2. B.Morarji Desai
  3. C.Charan Singh
  4. D.Lal Bahadur Shastri
Show answer
Correct answer: B. Morarji Desai

The High Denomination Bank Notes (Demonetisation) Act was passed in January 1978, when the Janata Party government led by Morarji Desai was in office, and it withdrew the notes of one thousand, five thousand and ten thousand rupees that had been reintroduced in 1954.

Q16.Indian EconomyMedium

Paramparagat Krishi Vikas Yojana, launched in 2015, promotes which kind of farming?

  1. A.Organic farming in clusters
  2. B.Contract farming for exports
  3. C.Floriculture in greenhouses
  4. D.Mechanised dry land farming
Show answer
Correct answer: A. Organic farming in clusters

The scheme, a component of the National Mission on Sustainable Agriculture, groups farmers into clusters, supports them with training and inputs for organic cultivation, and certifies the produce through the Participatory Guarantee System of India, in which groups of farmers inspect and vouch for one another.

Q17.Indian EconomyHard

In the context of land ceiling laws, a benami transfer means

  1. A.the sale of land to a cooperative society
  2. B.the transfer of land in the name of another person to hide real ownership
  3. C.the lease of land to a sharecropper for a fixed share
  4. D.the exchange of scattered plots to form a compact field
Show answer
Correct answer: B. the transfer of land in the name of another person to hide real ownership

A benami transfer records land in the name of a relative, a servant or a fictitious person while the real owner keeps control, and it was the commonest device used to stay within the family ceiling on paper while holding far more land in fact, which is one reason so…

Q19.Indian EconomyHard

The right to property ceased to be a fundamental right in India by which constitutional amendment?

  1. A.Twenty-fifth Amendment
  2. B.Forty-second Amendment
  3. C.Forty-fourth Amendment
  4. D.Seventy-third Amendment
Show answer
Correct answer: C. Forty-fourth Amendment

Passed in 1978, it deleted the right to property from Part III and re-enacted it as Article 300A, under which no person may be deprived of property except by authority of law, so the protection is now a legal right enforceable through the ordinary courts rather than a fundamental right.

Q20.Indian EconomyMedium

A command economy is another name for which type of economy?

  1. A.Capitalist economy
  2. B.Centrally planned socialist economy
  3. C.Mixed economy
  4. D.Subsistence economy
Show answer
Correct answer: B. Centrally planned socialist economy

It is called a command economy because a central planning authority, and not the market, commands how resources are used: it fixes the targets of output, allots raw materials to factories and often fixes prices and wages as well.

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