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Class 12 Economics
National Income Accounting
Quiz 1
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In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
0%
Capitalist
0%
Socialist
0%
Mixed
0%
Global
Explanation
Capitalist
Which of the following is the main objective of carrying out various economic activities?
0%
Profit
0%
Public welfare
0%
Competition
0%
Equality
Explanation
Public welfare
When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
0%
1950
0%
1969
0%
1952
0%
1979
Explanation
1952
Which of the following had been responsible for the heavy burden of the deal and its interest?
0%
BOP deficit
0%
BOP surplus
0%
Equilibrium
0%
None of these
Explanation
BOP deficit
Agriculture sector contributed _______ percent to the GDP in 1990-
0%
24.6
0%
34.9
0%
40.5
0%
59.0
Explanation
34.9
What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
0%
Multiple cropping
0%
Green revolution
0%
Crop insurance
0%
HYV
Explanation
Crop insurance
Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
0%
Independence
0%
Planning
0%
Colonial rule
0%
Green revolution
Explanation
Planning
How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
0%
17
0%
21
0%
15
0%
2
Explanation
17
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