Ch 2 indian grade 12 MCQs
CHAPTER-2-INDIAN ECONOMY 1950-1990
MULTIPLE CHOICE QUESTIONS
1 In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
(A) Capitalist (B) Socialist (C) Mixed (D) Global
2 Which of the following is the main objective of carrying out various economic activities? (A) Profit
(B) Public welfare (C) Competition (D) Equality
3 Which of the following had been responsible for the heavy burden of the deal and its interest? (A) BOP deficit
(B) BOP surplus (C) Equilibrium (D) None of these
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Agriculture sector contributed _______ percent to the GDP in 1990-91.
(A) 24.6 (B) 34.9
(C) 40.5 (D) 59.0
What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.? (A) Multiple cropping (B) Green revolution
(C) Crop insurance (D) HYV
How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
(A) 17 (C) 15
Which i.
ii. iii.
(B) 21 (D) 2
of the following land reforms measures have been implemented in India? (Choose the correct option) Abolition of intermediaries.
Ceiling on land holdings.
Regulation of rent.
Only i
Only i and ii Only ii and iii All of the above
(A) (B) (C) (D)
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Mention one of the achievements of Green Revolution. (A) Partial removal of poverty.
(B)Increase in productivity.
(C ) Rise in unemployment.
(D)Ecological degradation.
Which among the following are the features of Industrial Policy-1956?
1. Classification of industries
2. All the industries were handed over to the private sectors
3. Stress on the role of cottage and small scale industries.
(A)Only 1 and 2 are correct
(B)Only 1 and 3 are correct
(C )Only 2 and 3 are correct
(D) All are correct
Which of the following is the correct meaning of a Perspective Plan?
(A) An economic plan in which objectives are targeted to be achieved with in one year. (B)An economic plan in which objectives are targeted to be achieved with in five years.
(C )An economic plan in which objectives are targeted to be achieved with in ten years. (D)An economic plan in which objectives are targeted to be achieved with in twenty years.
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Which of the following is not one of the goals of five year plan in India? (A)Modernization
(B)Growth
(C )Inequality
(D)Self-reliance
Which one of the following is a feature of modern farming? (A) Low productivity
(B)Use of HYV seeds.
(C)Application of wooden plough
(D)Dependence on monsoon
Match the following:
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Column -A
a- 1950
b- 1952
c- 1956
(A) a-1, b-2,c-3 (B) a-2, b-3, c-1 (C) a-3, b-1, c-2 (D) a-1, b-3, c-2
Column –B
1- 2nd industrial policy
2- Planning commission
3- National development council
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Match the following: Column -A
b- Inter-mediaries
c- Maximum amount of land
d- Scattered land
Column –B
2- Ceiling on land holding
3- Consolidation of land holding 4- Green Revolution
a- High Yeilding Varity of seeds
1- Zamindari system
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(A)- a-1, b-2, c-3, d-4
(B)- a-2, b-3, c-4, d-1
(C)- a-3, b-4, c-1, d-2
(D)- a-4, b-1, c-2, d-3
Match the following:
Column -A
Column –B
a- Gross Domestic product
1- Chairperson of the planning commission
b- Land Reforms
2- The monetary assistance given by government for production activities
c-
Prime Minister
3- Improvements in the field of agriculture
d- Subsidy
4- The money value of all the final goods and services produced within the economy in one year
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(A)- a-1, b-2, c-3, d-4
(B)- a-2, b-3, c-4, d-1
(C)- a-4, b-3, c-1, d-2
(D)- a-4, b-1, c-2, d-3
16 Directive of planning is persuaded under. a) capitalist economy
b) socialist economy c) mixed economy d) None of these
17 Which was the last five year plan in India.
a) Eleventh plan
b) Twelfth plan
c) Tenth plan
d) Fourteenth plan
18 Planning commission the central planning authority in India has been replaced by
a) b) c) d)
Niti aayog
finance commission
Central statistical commission Central statistical organisation
19 Which of the following is not a long period objective of planning in India.
a) b) c) d)
GDP growth
Full employment
Better quality of life Equitable distribution
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20 Agrarian reforms refers to.
a) Technical reforms in agriculture
b) Land records in agriculture
c) Both a and b
d) Neither a nor b
21 Consolidation of holdings refers to.
a) Conversion of scattered land into unified holding
b) Takeover of small holdings by the government
c) Provision of inputs for higher output
d) All of these
22 Which of the following is a technical reform under the new agricultural strategy in agriculture in India?
a) Regulation of rent
b) Consolidation of holdings
c) Ceiling on land holdings
d) Use of chemical fertilizers
23 Which of the following is the limitations of green revolution in India.
a) Uneven spread
b) Change in farmers out look
c) Self sufficiency in food grains production
d) Machanisation of agriculture
24 Green revolution is also known as (a) Technical reforms
(b) Institutional reforms
(c) New agricultural strategy (a) Both (a) and (c)
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25 Which of the following is/are failure of planning period? (a) Leading role to public sector
(b) Permit license raj
(c) Policy of import substitution d) All of the above
26 Which of the following was not the loophole of Land Ceiling Act? (a) Register land to the name of close relative
(b) Shown land as grazing land
(c) No uniformity in legislation
(d) None of the above
27 Which of the following is possible risk of green revolution"
(a) Disparities between rich and poor (b) Prone to attack by pest
(c) Both (a) and (b)
(d) None of the above
28 Which of the following is the defect of providing subsidies on agriculture?
(a) It was benefitting fertilizer industry (b) It was benefitting rich section.
(c) Subsidies do not allow prices to indicate the supply of a good.
(d) All of the above
29 Permit license raj is characterised by which of the following limitation?
(a) Big industrial houses take license to prevent competition (b) Unnecessarily time wasted to obtain a license
(c) Both (a) and (b)
(d) None of the above
30 ..........are primarily refer to change in ownership of land holdings (a) Tax reforms
(b) Institutional reforms (e) Technical reforms (d) None of these
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In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
(A) Capitalist
(B) Socialist
(C) Mixed
(D) None of these
How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956? (A) 17
(B) 21
(C) 15
(D) 2
Which of the states got success in Land Reform? a) Kerala and West Bengal
b) Punjab and Haryana c) Rajasthan and Assam d) None of these.
What do you mean by tariffs?
a) Tax imposed on imported goods
b) Tax imposed on exported goods
c) Tax imposed on starting an Industry d) All of these
What do you mean by Quotas?
a) The quantity of goods which can be exported. b) The quantity of goods which can be imported. c) Both (a) and (b)
d) None of these
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Green revolution resulting from: a) Modern Irrigation facilities
b) Use of fertilizers & pesticides c) HYV seeds
d) All of these.
Green Revolution is most successful in:- a) Wheat and Rice
b) Wheat and Vegetables c) Rice and Pulses
d) Tea and Coffee
Areas where the economic planning in India has failed: a) Failure to reduce inequalities of income and wealth. b) Inadequate growth in production sector.
c) Failure to eradicate poverty
d) All of these
Main features of IPR 1956 are:
a) Protection to cottage and small scale industries.
b) Specific and all important role assigned to public sector.
c) Cautions approach towards foreign capital
d) All of these
The maximum size of which no individual farmer can hold any land: a) Tenancy reforms
b) Land consolidation
c) Abolition of Intermediaries d) Land Ceiling
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41 The strategy to earn foreign exchange by promoting domestic exports and making domestic industry competitive in the international market is called:
a) export promotion
b) import substitution c) export liberalization d) import restriction
42 Which of the following sectors contribute highest to India’s National Income? a) Service Sector
b) Agriculture Sector c) Secondary Sector d) None of these
43 What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.? (A) Multiple cropping
(B) Green revolution (C) Crop insurance (D) HYV
44 Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
(A) Independence (B) Planning
(C) Colonial rule
(D) Green revolution
45 Agriculture sector contributed _______ percent to the GDP in 1990-91. (A) 24.6
(B) 34.9 (C) 40.5 (D) 59.0
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46 When was the planning commission set up in India? (a) 1950
(b) 1964 (c) 1975 (d)1952
47 In which type of economy goods that can be sold in the domestic or foreign market for profit motive? (a) capitalist economy
(b) socialist economy (C) mixed economy (d) none of the above
48 Who was the chair person of the Planning Commission of India? (a) President of India
(b) Finance Minister of India (c)Prime Minister of India
(d ) Governor of RBI
49 Which one of the following is not a goal of the planning commission? (a)Economic growth
(b) Equity
(c) resource conservation (d)self-reliance
50 In the language of economics which one of the following is a good indicator of economic growth? (a) GDP
(b) NDP (c) GNP (d)NNP
51 What is the term used for the policy which promotes setting up of an upper limit of the land that could be owned by a land owner
(a) land fragmentation (b) land ceiling
(c)land cultivation (d)land tiling
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52 Name the two states in which land Reform was successful. (a) Maharashtra and Tamil Nadu
(b)Karnataka and West Bengal (c)Uttar Pradesh and Bihar (d)West Bengal and Kerala
53 For the growth of ------------ (a)Rice
(b) Barley (c) wheat
use of the HYV seeds were beneficial?
(d) pulses
54 What percentage of population was employed in agricultural by late nineties?
(a) 65 (b)75 (c)60 (d)55
55 Which sector was given the main emphasis in second five year plan a)Agriculture
b)trade c)industry d)transport
56 In which year industrial policy Resolution was adopted (a)1956
(b)1950 (c) 1965 (d)1953
57 Name the community formed for the village and small scale industry in 1955. (a) Narsimha committee
(b) Bansal committee
(c) Rangarajan committee (d)karve committee
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58 What is the trade strategy which India adopted in the first seven five year plans? (a)Partially inward looking trade strategy
( b)(partially outward looking trade strategy (c) inward looking trade strategy (d)outward looking trade strategy
59 In which year the new economic policy was introduced in India? (a) 1992
(b)1993 (c)1996 (d)1991
60 In 1952 1951 gross area under cultivation was ------- crore acres which how was shut up to ---------- crore acres? (a)15 ,17
(b)13 ,19
(c)10 ,20
(d) none of the above
61 The first Industrial Policy Resolution in Independent India was introduced in the year -----------. (A) 1948
(B) 1950 (C) 1954 (D) 1956
62 Planning Commission in India has been replaced by: (A) Finance Commission
(B) NITI AAYOG
(C) Central Statistical Organisation (D) National Development Council
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63 An Economic in which means of production are used in a manner such that profits are maximised is called: (A) mixed economy
(B) capitalist economy (C) socialist economy (D) none of these
64 Green revolution started happening in India in the year: (A) 1961-62
(B) 1967-68 (C) 1980-81 (D) 1991-92
65 Marketable Surplus of Wheat =
(A) Output of Wheat – Wheat meant for next cropping season (B) Output Wheat + On-farm consumption of Wheat
(C) Output of Wheat – On-farm consumption of Wheat
(D) Output of Wheat into price of Wheat
66 In 1955 Karvey Committee was constituted for aiming the: (A) development of cottage industries
(B) development of small-scale industries (C) development of large-scale industries (D) development of all the above industries
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67 Export promotion is a strategy:
(A) to earn foreign exchange by promoting domestic exports and making domestic industry competitive in the international market
(B) to save foreign exchange by encouraging domestic production of such goods which the country has been importing from the rest of the world
(C) of protecting domestic industry from international competition in the domestic market
(D) none of these
68 Use of HYV technology in India has led to: (A) Golden Revolution
(B) Green Revolution (C) White Revolution (D) None of these
69 Fixing the maximum land holding for an individual is known as: (A) ceiling of land holdings
(B) consolidation of land holdings (C) regulation of rent
(D) security of tenure
70 Industrial Policy Resolution, 1956 proposed a______ classification of industries in India (A) two-fold
(B) three-fold (C) four-fold
(D) none of these
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71 Which of the following is correct in the context of small-scale industry?
(A) Small-scale industry is labour-intensive
(B) Small-scale industry needs much smaller investment, compared to large-scale industry (C) Small-scale industry shows locational flexibility
(D) All of these
72 Licensing policy of the government was to promote: (A) profit
(B) to promote regional income (C) regional equality
(D) resource saving
73 Small-scale industry investment is: (A) < Rs. 1crore
(B) < Rs. 5crore (C) < Rs. 10crore (D) < Rs. 20crore
74 In India, Mahalanobis made significant contribution in the field of: (A) Statistics
(B) Mathematics
(C) Econometrics
(D) Macro Economics
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75 _______ refers to the updating and adaption of modern technology in the process of growth. (A) Modernisation
(B) Economic development (C) Self-sufficiency
(D) None of these
