Class XII Economics - Indian Economic Development 1950-1990 Test Paper Part II MCQ

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Class XII Economics - Indian Economic Development 1950-1990 Test Paper Part II MCQ - 2021

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MULTIPLE CHOICE QUESTIONS 1. In which year was Planning Commission abolished? *

1 point

2014

2015

2016

2017

2. An economy in which there is private as well as public ownership of the means of production is called: *

1 point

Capitalist economy

Socialist economy

Mixed economy

None of these.

3. Who was the chairman of India’s First Five Year Plans” *

1 point

P. C. Mahalanobis

Mahatma Gandhi

Jawaharlal Nehru

None of these.

4. Which of the following is the primary objective of economic planning in India? *

1 point

Abolition of poverty

Removing unemployment

Growth with social justice

Reducing inequality of income

5. The need for planning emerges from which of the following weaknesses of the free market system? *

1 point

Inequalities

Exploitation of workers

Instability

All of these.

6. Who developed HYV seeds? *

1 point

Normal Borlaug

Norten Borlaug

Norah Jones

Normal Jones

7. Which plan was suspended one year before the time schedule? *

1 point

First Plan (1951-56)

Third Plan (1961-66)

Sixth Plan (1980-85)

Fifth Plan (1974-79)

8. Which of the following sectors contribute highest to India’s National Income? *

1 point

Service Sector

Agriculture Sector

Secondary Sector

Foreign Trade

9. National Income in India is estimated by: *

1 point

Planning Commission

Reserve Bank of India

Rajasthan and Assam

Central Statistical Organisation

10.Which of the states got success in Land Reform? *

1 point

Kerala and West Bengal

Punjab and Haryana

Rajasthan and Assam

None of these.

11.Indian Green Revolution is most successful in:- *

1 point

Wheat and Rice

Wheat and Vegetables

Rice and Pulses

Tea and Coffee

12.What do you mean by Quotas? *

1 point

The quantity of goods which can be exported.

The quantity of goods which can be imported.

Both (a) and (b)

None of these.

13.What do you mean by tariffs? *

1 point

Tax imposed on imported goods

Tax imposed on exported goods

Tax imposed on starting an Industry

None of these.

14.Green revolution resulting from: *

1 point

Traditional Irrigation facilities

Use of manures

HYV seeds

None of these.

15.The starting of land reforms programmer was set up in the right direction but it could not be successful because of: *

1 point

Lack of political will

inadequate data of tenants

Both (a) and (b)

None of these.

16.There were some areas where the economic planning in India has failed: *

1 point

Failure to reduce inequalities of income and wealth.

Inadequate growth in production sector.

Failure to eradicate poverty

All of these.

17.Main features of IPR 1956 are: *

1 point

Protection to cottage and small scale industries.

Specific and all important role assigned to public sector.

Cautions approach towards foreign capital

All of these.

18.Schedule C industries development were left to: *

1 point

Public sector

Private sector

Both (a) and (b)

None of these.

19.Legally stipulated maximum size beyond which no individual farmer can hold any land: *

1 point

Tenancy reforms

Land consolidation

Abolition of Intermediaries

Land Ceiling.

20.The strategy to earn foreign exchange by promoting domestic exports and making domestic industry competitive in the international market is called: *

1 point

export promotion

import substitution

export liberalization

import restriction.

MATCH THE FOLLOWINGS 1. Match the following:- *

1 point

1A, 2B, 3C, 4D

1B, 2A, 3D, 4C

1D, 2A, 3B, 4C

1C, 2A, 3B, 4D

2. Match the following: *

1 point

1A, 2B, 3C, 4D

1B, 2D, 3A, 4C

1D, 2A, 3B, 4C

1C, 2A, 3B, 4D

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