Class XII Economics -  Indian Economic - Economic Reforms - Test Paper 2021
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TOPIC: ECONOMIC REFORMS 1. In which year new economic policy was initiated? *
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2. Which of the following is not an element of fiscal reforms? *
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3. _ _ _ _ _ _ _ _ was the Indian Finance Minister in 1991, acknowledged for the capabilities to steer away the economic crisis looming large on the erstwhile Indian Economy.(Choose the correct alternative) *
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4. Demonetisation is the _________ policy wherein the legal status of a currency unit is cancelled and new one comes into circulation . (Choose the correct alternative) *
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5. India announced the New Economic Policy after agreeing to the conditions of:(Choose the correct alternative) *
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6. In ___________ Five Year Plan, India emphasized on human capital formation. *
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7. What was the one major proposal of new industrial policy (1991). (Choose the correct alternative) *
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8. Liberalisation of the economy under the new economic policy changed the role of RBI in the economy: *
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9. Which of the following is the strategy to promote globalization of the Indian economy? *
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Assertion ( A ) and Reason (R) type questions:1. Read the following statements – Assertion (A) and Reason (R). (Choose one of thecorrectalternatives given below)Assertion (A): Every year government fixes a target for disinvestment of Public SectorEnterprises ).Reason ( R) : Disinvestment is an excellent tool for discarding the loss incurring PublicSectorEnterprisesAlternatives: *
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2. Read the following statements – Assertion (A) and Reason (R). (Choose one of thecorrectalternatives given below):Assertion (A): GST consists of three components such as Central GST (CGST ) , State GST (SGST)and Integrated GST (IGST).Reason ( R): Central GST (CGST) and State GST (SGST) will apply to all transactions goods andservices.Alternatives: *
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3. Read the following statements – Assertion (A) and Reason (R). (Choose one of the correct alternatives given below):Assertion (A): Privatisation process leads to a change in management with a change inownership. Reason ( R): Change in management is not a necessary condition for the process ofprivatization.Alternatives: *
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4. Read the following statements – Assertion (A) and Reason (R). (Choose one of the correct alternatives given below):Assertion (A): New Economic Policy (NEP), 1991 was focused on liberalization, privatization and globalization.Reason ( R): The policy was necessitated because of the crisis situation in the economy in1991. Alternatives: *
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5. Read the following statements – Assertion (A) and Reason (R). (Choose one of thecorrect alternatives given below):Assertion (A): Globalisation means integration of various economies of the world leasingtowards emergence of a cohesive global economyReason ( R): For globalization, the important ingredient is to facilitate the migration of humanresources.Alternatives: *
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6. Read the following statements – Assertion (A) and Reason (R). (Choose one of the correct alternatives given below):Assertion (A): Under NEP, roe of RBI shifted from that of facilitator to a regulator.Reason ( R): Now, market forces decide interest rate structure, volume and the pattern of investment. Alternatives: *
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UNIT :- Current Challenges Facing Indian Economy (10 M)Chapter :- POVERTY 1. Those who regularly move in and out of poverty like small farmers or seasonal workers are called: *
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2. Which organisation collects data on poverty in India *
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3. The planning Commission has defined the poverty line on the basis of recommended nutritional requirement of ------------------------- calories per person per day for rural areas . *
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4. MPCE stands for *
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5. In pre-independent India , he was the first to discuss the concept of poverty line *
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6. Who introduced the concept of “Jail cost of Living *
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7 ---------- refers to poverty of people , in comparison to other people , regions or nations *
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8. The minimum calorie consumption per person in urban area is ----- in defining poverty line *
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9. The programme initiated by the government to improve food and nutritional level of poor was *
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10. According to planning commission , the minimum Monthly Per Capita Consumption Expenditure (MPCE ) in 20211-12 WAS fixed as Rs. ______ per person in rural area and Rs. _______ in urban area. *
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11. In which year ,”National Food for Work Programme” was launched ? *
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12. Approach followed by the government to reduce poverty in India *
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13. In April 2015, which of these schemes was launched by the prime minister Narendra Modi. *
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14. Under MGNREGA (Mahatma Gandhi National Rural Employment Guarantee ACT-2005 ) work is offered for a minimum period of _____ days. *
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15. The earlier ‘ Food for work programme ‘ has now been converted into *
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Read the following case study carefully and answer the questions 16 to 18 on the basis ofthe same :-The reduction in poverty hasn’t been impressive has also been pointed out by anassessment released in January 2020 by government think-tank NITI Aayog .Going by thestates ‘ progress on poverty reduction ,India is far behind the ‘zero poverty by 2030” Statesrather slipped in their efforts to reduce poverty in 2019 in comparison in 2018. The lapsingback of people climbing above the poverty line is the most important reason of chronic poverty. Poverty line is a cut -off point on the line of distribution, which usually divides the population of the country as poor and non -poor. 16. THE above paragraph relates to. *
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17. The ratio measures the number of poor below poverty line is known as *
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18. POVERTY line separates (Choose the correct option) *
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19. Which among the following are the causes of poverty in India ? *
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20. READ the following statements-Assertion(A) and Reason (R) . Choose one of the correct alternatives given below :Assertion (A) : Poverty is closely related to unemployment Reason (R) : Unemployment compels indebtedness and reinforces poverty. Alternatives: *
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Read the following case study carefully and answer the questions 21 to 24 on the basis of the same :-The most heated and debated topic not only in India but in entire world is to eradicate extreme poverty by 2030. Poverty is a socio-economic incident and it is closely related with disparity. Due to poverty, it becomes close to impossible to fulfill even the bare requirements of life viz; food, clothing,shelter, education and health in deprive section of society. From 1993-94 to 2011-12, national poverty estimates is reduced from 50.1% to 25.7% in rural areas on the contrary in urban areas, its rate of reduction is from 311.8% to 13.7% . In India, poverty rate is declined by 17.89% from 1993 to 2004 and further declined by 41.13% in a period of 2004-2011 (as per Tendulkar Committee estimates). Asper SDG India Index Baseline report 2018, 21.92% of India’s population was below poverty line in 2011. With an above backdrop, we focuses on the poverty alleviation programmes in India with special regard to Sustainable Development Goals.                         21. When the number of poor is estimated as the proportion of people below the poverty line, it is known as ______________. *
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22. The government’s approach to poverty reduction was of ___________  dimensions. *
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23. In August 2005, the Parliament of India passed the _________  Act to provide guaranteed wage employment to every household whose adult volunteer is to do unskilled manual for a minimum of 100 days in a year. *
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24. ‘Jail Cost of Living’was a criteria formulated by __________ to determine the minimum daily food requirements of an adult in India. *
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