100 Important MCQs of Indian Economy (1950-1990) Class 12
Looking for the Important MCQs (Multiple Choice Questions) of Indian Economy (1950-1990) chapter of Indian Economic Development book of Class 12 Economics CBSE, ISC, UPSC and other State Boards.
We have made a good collection of all Multiple Choice questions of Chapter 2 of the Indian Economy Development Book of Class 12
Important MCQs of Indian Economy (1950-1990) Chapter of Economics Class 12
Let’s Practice
Planning is needed to solve the central problems of:
a) What to produce
b) How to produce
c) For whom to produce
d) All the above
Ans – d)
Rate of economic growth is measured by rate of change in:
a) Nominal GDP
b) Read GDP
c) DP at current price
d) Any one of the above
Ans – b)
From 2017 onwards India has adopted of the period of vision of:
a) 5 years
b) 10 years
c) 15 years
d) 20 years
Ans – c)
Modernization refers to change in:
a) Technology
b) Management techniques
c) Social outlook
d) All the above
Ans – d)
The objective of self reliance measn reducing dependence on:
a) foreign trade
b) foreign aid
c) foreign investment
d) All the abvoe
Ans – b)
The objective of equity can be achieved by:
a) reducing gap between rich and poor
b) reducing poverty
c) Both a) and b)
d) None of the above
Ans – c)
Agricultural sector is part of:
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) All the three sectors
Ans – a)
Land reforms mean to solve problems relating to:
a) Ownership of land
b) Distribution of land
c) Exploitation of farmers
d) All the above
Ans – d)
New Agricultural strategy was also knows as:
a) While revolution
b) Agricultural revolution
c) Green revolution
d) Land revolution
Ans – c)
Crops raised by using new technology under New Agricultural strategy were prone to attack
by:
a) Rats
b) Animals
c) Pests
d) Mosquitoes
Ans – c)
The crops which benefitied most under green revolution were:
a) Wheat
b) Rice
c) Both Wheat and Rice
d) None of the above
Ans – c)
Industries producing goods, are a part of
a) Primary sector
b) Secondary sector
c) Tertiary sector
d) None of the above
Ans – b)
Small scale units are differentiated from large scale units on the basis of:
a) Volume of output
b) Amount of investment
c) Volume of sale
d) Size of unit area
Ans – b)
At the time of independence private sector did not come forward to start capital goods
industries due to:
a) Lack of capital
b) Lack of demand
c) Both a) and b)
d) None of the above
Ans – c)
The Industrial policy which worked till 1990 was adopted in:
a) 1948
b) 1951
c) 1956
d) 1961
Ans – c)
The licensing policy aimed at:
a) Promoting regional equality
b) check undue expansion of industrial sector
c) bothe a) and b)
d) None of the above
Ans – c)
When was the planning commission set up?
a) 1949
b) 1950
c) 1956
d) 1850
Ans – b)
Abolition of Intermediaries and land ceiling are part of:
a) Industrial reforms in India
b) External sector reforms in India
c) Land reforms in India
d) Banking reforms in India
Ans – c)
Which of the following is a goal of five year plan?
a) Growth
b) Green Revolution
c) Land REforms
d) Modernisation
Ans – a), d)
Capitalist Economy is controlled and operated by:
a) Private sector
b) Public sector
c) Both a) and b)
d) Neither a) nor b)
Ans – a)
India adopted the __ economic system.
a) Capitalsit
b) Mixed
c) Socialist
d) None of these
Ans – b)
The first five year plan was launched for a period from _
a) 1948 – 1953
b) 1959 – 1954
c) 1951 – 1956
d) 1955 – 1960
Ans – c)
To protect goods produced in India from imports, Government made use of:
a) Quotas
b) Tariffs
c) Export Promotion
d) All of these
Ans – a), b)
Land Ceiling refers to:
a) Fix rural landholdings at the existing level
b) Fix land area for irrigation purposes
c) Fix urban landholdings at the existing level
d) Fix quantum of land held by a individual
Ans – d)
__ economy is the economy in which means of production are owned, controlled and operated
by the government.
a) Mixed
b) Socialist
c) Capitalist
d) None of these
Ans – b)
Schedule __ comprise of industries which would be exclusively owned by the state.
a) A
b) B
c) C
d) None of these
Ans – a)
_ refer to taxes levied on imported goods.
a) Quotas
b) Tariffs
c) Lagaan
d) None of these
Ans – b)
In which year, India adopted High Yeilding Varieties programme for the first time.
a) 1977
b) 1966
c) 1986
d) 1956
Ans – b)
GDP stands for:
a) Gross Domestic product
b) Gross Domestic Process
c) Gross Development Process
d) None of these
Ans – a)
Which one of these is a central problem of an economy?
a) What to produce
b) How to produce
c) When to produce
d) For whom to produce
Ans – a, b, d
The first Industrial policy Resolution in Independent India was introduced in the year_____
a) 1948
b) 1950
c) 1954
d) 1956
Ans – a)
What was the peroid of plans prepared by the planning comission?
a) 3 years
b) 4 years
c) 5 years
d) 6 years
Ans – c)
The economy in which Central Authority plans all the important activities can be termed as:
a) Mixed Economy
b) Socialist Economy
c) Capitalist Economy
d) Developing Economy
Ans – b)
