Question : Assertion: China adopted the 'Great Leap Forward Campaign' which transformed it into a modern economy from an agrarian economy through rapid industrialization.

Reason: Under this campaign, students and many professionals were sent to work countryside.

Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.

Option 3: Assertion is true, but the reason is false.

Option 4: Assertion is false, but the reason is true.

Question : It is defined as making major economic decisions by the conscious decision of a determinate authority, on the basis of a comprehensive survey of the economy as a whole.
 

Option 1: Economic planning
 

Option 2: Mixed economy
 

Option 3: Socialist economy
 

Option 4: Capitalist economy
 

Question : It refers to the large increase in production of food grains due to use of high yielding variety or miracle seeds especially for wheat and rice.
 

Option 1: Green Revolution
 

Option 2: Red Revolution
 

Option 3: White revolution
 

Option 4: Yellow revolution
 

Question : It involves diversification of economic activities across the geography, sector and technological scope which leads to development of any economy.
Which need for entrepreneurship is highlighted here?
 

Option 1: Improvement in economic efficiency
 

Option 2: Increasing spectrum and scope of economic activities
 

Option 3: Impact on local communities
 

Option 4: Capital formation
 

Question : It means production of crops for sale in the market rather than for self consumption.
 

Option 1: Commercialisation of agriculture
 

Option 2: De-industrialisation
 

Option 3: Zamindari system
 

Option 4: None of the above.