Economic thoughts - class-XI

Description: economic thoughts
Number of Questions: 15
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Tags: economic thoughts basic concepts in economics economics economics : an introduction
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According to ____________, India lives in its villages.

  1. Nehru

  2. Gandhiji

  3. Ambedkar

  4. Thiruvalluvar

Correct Option: B

According to Gandhi machines were a "Blessing".

  1. True

  2. False

Correct Option: B

Gandhian Economics was based on the principle of ________________.

  1. Socialistic idea

  2. Social welfare

  3. Ethical foundation

  4. Growth

Correct Option: C

Which of the following is not the forms of Ownership, in the context of Principle of Ownership.

  1. Ownership with the private sector

  2. Formation of trust

  3. Formation of Capitalism

  4. Formation with the public sector

Correct Option: C

How people can achieve Integral Humanism .

  1. By being socialistic.

  2. Serving the ill-informed/ignorant and deprived people of the society.

  3. Being a nice human being.

  4. None of these.

Correct Option: B

According to Mahatma Gandhi, which of the following is a reason for restlessness in human life?

  1. Continuously Increasing wants

  2. Use of complex machines

  3. Unequal Distribution system

  4. All of the above.

Correct Option: D

Which of the following are the Important aspects of Gandhi 's doctrine of trusteeship?

  1. Convincing the rich.

  2. Awareness, referendum & social change.

  3. Opposition to nationalization.

  4. All of the above.

Correct Option: D

The concept of decentralized economic planning was rooted in the Idea of:-

  1. Gram Swaraj

  2. Khadi

  3. Bhagavad Gita

  4. Arthashastra

Correct Option: A

Which of the following is categorized as animals by Kautilya.

  1. Trained / pet animals

  2. Dairy Animals

  3. Wild Animals

  4. All of the above.

Correct Option: D

The Principle of Trusteeship was based on the Idea of ______ and _____ .

  1. Gram swaraj & Khadi

  2. Bhagavad Gita & Ishopanishad

  3. Capitalism & Socialism

  4. Integral humanity & Gram Swaraj

Correct Option: B

Which of the following is not the main economic thoughts given by Kautilya.

  1. Establishment of statehood

  2. Trusteeship

  3. Industry

  4. Agriculture & Animal husbandry

Correct Option: B

Trusteeship is not the main economic thoughts given by Kautilya. Following are the top economic ideas of Kautilya. 

1. Wealth
2. Agriculture and Animal Husbandry  
3. Labour 
4. Trade 
5. Value 
6. Population 
7. Slavery 
8 Welfare State 
9. Public Finance 
10. Town Planning and Social Security 
11. Private Property  
12. Justification on Interest 
13. Consumption and Production.

Who wrote the book Arthashastra.

  1. Mahatma Gandhi

  2. Pandit deendayal upadhyay

  3. Vishnu gupta

  4. Dhanananda

Correct Option: C

Arthashastra (also Arthasastra) is an ancient treatise on economic, political and military administration of the state. It was written by Chanakya (alsoKautilya, Vishnu Gupta). Arthashastra is the most authentic and important sources for shaping the history of the Mauryan Empire.

Pandit Deendayal Upadhyay was born in 

  1. 25th Dec 1916

  2. 25th Sept 1916

  3. 19th July 1919

  4. 25th Sept 1919

Correct Option: B

Based on which theory, the idea of “ Shramev Jayate ” was Introduced.

  1. Importance of labor & employment

  2. Development of agro & Rural Industries

  3. Rural economics

  4. Industry

Correct Option: A

Pandit Deendayal Upadhyaya Shramev Jayate Karyakram - to create a conducive environment for industrial development primarily through skill training. This skill training helps the labor to better understand their jobs

PM Modi launched this scheme on 16th October

Which of the following is a type of tax exemption proposed by Kautilya as an incentive to increase productivity?

  1. International taxes on exports.

  2. Relief from taxes to be paid to Zamindars.

  3. Aatithya charges - for the products imported from foreign states.

  4. None of these.

Correct Option: C
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