Indian Economy
Gujarat Board · Class 11 · Economics
Practice quiz for Indian Economy — Gujarat Board Class 11 Economics. MCQs and questions with answers to test your preparation.
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Quick Quiz: Indian Economy
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In which year was the first railway line started in India?
When was the Reserve Bank of India (RBI) established?
According to the Human Development Report of 2014, what was India's per capita income at purchasing power parity?
Which sector contributed the maximum to India's national income in 2014-15?
Sample Questions
What percentage of population was employed in the agricultural sector in 2011-12?
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49%
In 2011-12, 48.9% (approximately 49%) of the population was employed in the agricultural sector, showing a decline from 72.1% in 1951.
Which characteristics are typical of India as a developing economy? (Select all correct answers)
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High growth rate after 1991, Declining share of agriculture in GDP, Increasing service sector contribution
India shows developing economy characteristics: growth rate above 6.8% after 1991 reforms, agriculture's GDP share declined from 53.1% (1950-51) to 17.6% (2014-15), and service sector increased to 52.7%. However, literacy is 73% and poverty still exists at 21.9%.
What were the main export items of ancient India? (Select all correct answers)
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Cotton and muslin, Spices, Indigo
Ancient India was famous for trade in cotton, muslin, indigo, spices, and metallurgy. Computer software is a modern export item, not from ancient times.
The literacy rate in India increased from 18.33% in 1951 to what percentage in 2011?
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73%
The literacy rate which was 18.33% in 1951, rose to 73% in 2011 according to the Economic Survey, showing significant improvement in education.
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