JAIIB Chapter-1 Quiz ,An Overview Of The Indian Economy

JAIIB Chapter-1 An Overview of the Indian Economy Quiz-1

Welcome, JAIIB Aspirants!

Test your knowledge and sharpen your preparation for the JAIIB examination with this comprehensive quiz on "An Overview of the Indian Economy." This chapter is fundamental to understanding the economic landscape in which the banking sector operates, making it a crucial topic for your success.

This quiz contains 10 multiple-choice questions designed to cover the key concepts, historical milestones, and structural shifts within the Indian economy, from the pre-British era to the modern day.

Instructions:

This quiz consists of 10 questions.
Each question has four possible answers.
Read each question carefully and select the one option that you believe is the correct answer.
There is no time limit, but we recommend you complete it in one sitting to simulate exam conditions.

Challenge yourself, identify your strengths, and pinpoint areas for further study. All the best!

1 / 10

As of 2024, which sector is the largest contributor to India's GDP?

A) Agriculture

B) Industry and Manufacturing

C) Services

D) The Public Sector

2 / 10

What is the most striking feature of India's structural economic transition?

A) A slow but steady growth in all three sectors simultaneously

B) A dominant manufacturing phase followed by services growth

C) A direct leap from an agrarian to a services-dominated economy

D) A decline in the services sector with a rise in agriculture

3 / 10

The Monopolies and Restrictive Trade Practices (MRTP) Act was replaced by which act to foster healthy competition?

A) The Companies Act, 2013

B) The Consumer Protection Act, 1986

C) The Competition Act, 2002

D) The SEBI Act, 1992

4 / 10

In the context of the 1991 reforms, what does 'Liberalisation' primarily refer to?

A) Increasing government control over industries

B) Reducing government control and abolishing industrial licensing

C) Nationalizing all private sector banks

D) Restricting foreign direct investment

5 / 10

The New Industrial Policy of 1991, also known as the LPG Reforms, was introduced in response to what major economic issue?

A) A massive food grain surplus

B) Uncontrolled population growth

C) A severe balance of payments crisis

D) The global dot-com bubble burst

6 / 10

What was the landmark achievement in the 1960s that transformed India from a food-deficit nation to a self-sufficient one?

A) The LPG Reforms

B) The White Revolution

C) The Green Revolution

D) The Industrial Revolution

7 / 10

The Mahalanobis model, instrumental in India's Five-Year Plans, primarily emphasized the development of which sector?

A) Agriculture and rural industries

B) The Services sector, especially IT

C) Basic and capital goods industries

D) Export-oriented consumer goods

8 / 10

The economic model adopted by India immediately after independence in 1947 is best described as a

A) Laissez-faire Capitalist model

B) Planned Economic model with a significant public sector

C) Purely Socialist model

D) Globalized and open-market model

9 / 10

What was the primary role assigned to the Indian economy during the British Colonial Era (1757-1947)?

A) To become a center for technological innovation

B) To serve as a source of raw materials and a captive market for British goods

C) To develop a self-reliant industrial base

D) To promote free and fair trade with all nations

10 / 10

10.

1. Which of the following best describes the Indian economy during the Pre-British period (before 1757)?

A) A highly industrialized urban economy

B) A largely self-sufficient agrarian economy

C) A dependent colonial economy

D) A service-sector dominated economy

Your score is

The average score is 37%

Welcome, JAIIB Aspirants!

Test your knowledge and sharpen your preparation for the JAIIB examination with this comprehensive quiz on "An Overview of the Indian Economy." This chapter is fundamental to understanding the economic landscape in which the banking sector operates, making it a crucial topic for your success.

This quiz contains 10 multiple-choice questions designed to cover the key concepts, historical milestones, and structural shifts within the Indian economy, from the pre-British era to the modern day.

Instructions:

This quiz consists of 10 questions.

Each question has four possible answers.

Read each question carefully and select the one option that you believe is the correct answer.

There is no time limit, but we recommend you complete it in one sitting to simulate exam conditions.

Challenge yourself, identify your strengths, and pinpoint areas for further study. All the best!

As of 2024, which sector is the largest contributor to India's GDP?

What is the most striking feature of India's structural economic transition?

The Monopolies and Restrictive Trade Practices (MRTP) Act was replaced by which act to foster healthy competition?

In the context of the 1991 reforms, what does 'Liberalisation' primarily refer to?

The New Industrial Policy of 1991, also known as the LPG Reforms, was introduced in response to what major economic issue?

What was the landmark achievement in the 1960s that transformed India from a food-deficit nation to a self-sufficient one?

The Mahalanobis model, instrumental in India's Five-Year Plans, primarily emphasized the development of which sector?

The economic model adopted by India immediately after independence in 1947 is best described as a

What was the primary role assigned to the Indian economy during the British Colonial Era (1757-1947)?

1. Which of the following best describes the Indian economy during the Pre-British period (before 1757)?

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Welcome, JAIIB Aspirants!

Test your knowledge and sharpen your preparation for the JAIIB examination with this comprehensive quiz on "An Overview of the Indian Economy." This chapter is fundamental to understanding the economic landscape in which the banking sector operates, making it a crucial topic for your success.

This quiz contains 10 multiple-choice questions designed to cover the key concepts, historical milestones, and structural shifts within the Indian economy, from the pre-British era to the modern day.

Instructions:

This quiz consists of 10 questions.

Each question has four possible answers.

Read each question carefully and select the one option that you believe is the correct answer.

There is no time limit, but we recommend you complete it in one sitting to simulate exam conditions.

Challenge yourself, identify your strengths, and pinpoint areas for further study. All the best!

As of 2024, which sector is the largest contributor to India's GDP?

What is the most striking feature of India's structural economic transition?

The Monopolies and Restrictive Trade Practices (MRTP) Act was replaced by which act to foster healthy competition?

In the context of the 1991 reforms, what does 'Liberalisation' primarily refer to?

The New Industrial Policy of 1991, also known as the LPG Reforms, was introduced in response to what major economic issue?

What was the landmark achievement in the 1960s that transformed India from a food-deficit nation to a self-sufficient one?

The Mahalanobis model, instrumental in India's Five-Year Plans, primarily emphasized the development of which sector?

The economic model adopted by India immediately after independence in 1947 is best described as a

What was the primary role assigned to the Indian economy during the British Colonial Era (1757-1947)?

1. Which of the following best describes the Indian economy during the Pre-British period (before 1757)?

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