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Mid-term Test
Marks 40
Time 90 minutes
All questions carry equal marks.
Q1. Tick the correct answer
(a) The Indian Economy is considered as
(i)
Less developed Economy
(ii)
More developed Economy
(iii)
Under developed Economy
(b) A very high proportion of population is found in Agriculture in
(i)
Developing Economy
(ii)
Under developed Economy
(iii)
Primary producing Economy
(c) The purchasing power parity of USA is more than India to the tune of
(i)
18 times
(ii)
74 times
(iii)
14 times
(d) In terms of the system of economy India follows
(i)
Mixed Economy
(ii)
Regulated Economy
(iii)
Protected Economy
(e) The low ranking countries in HDI are categorized as
(i)
Agro based Economy
(ii)
Industrialized Economy
(iii)
Developing Economy
(f) The two sector developmental model adopted by India is a
(i)
Strategy of Planning
(ii)
Objective of Planning
(iii)
Guidelines for Planning
(g) Increase in Per Capita Income contributes to
(i)
Economic growth
(ii)
Economic development
(iii)
Economic welfare
(h) Workers Welfare was a Component of IPR
(i)
1948
(ii)
1956
(iii)
1977