Class XII Economics -  Development Experience of  Indian Economy (1947-90) - Test Paper 2021
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ECONOMICS DEVELOPMENT EXPERIENCE OF INDIAN ECONOMY (1947-90) Multiple Choice Questions:1) Which industry faced a major set back during the colonial rule? *
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2) More than half of the India’s foreign trade was restricted to: *
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3) Match the following options and choose the correct alternative: *
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4) refers to taxes levied on imported goods. *
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5) To protect goods in India from imports, Government made use of: *
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6) Which of the following is not a goal of five years plan? *
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7) State whether following is true or false:The first stage of demographic transition was called after 1921. *
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8) --------- was the India economist who estimated national income and per captain come during British rule. *
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9) Karve committee focused on the development of . *
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10) The second plan programme of industrialization was based on the -------------model *
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Case Based Questions:Read the following paragraph and answer the questions 11-14Before the colonial period, India was exporting manufactured goods in the Europeanand American countries. Under colonial rule India was reduced to a supplier of raw materials like silk, jute, cotton, indigo, wool and sugar etc. and importer of finishedgoods made in the factories of Britain. Additionally, the opening of Suez Canalincreased the control of Britishers over India’s foreign trade. The remaining volume of foreign trade was allowed with a handful of countries like China, Sri Lanka, andIran. India was a large exporter in the colonial period. However, it did not affectcountry’ economy. Commodities like food grains, clothes, kerosene hit the countryhard with its scarcity. Ironically, this export surplus never made its way to India. Itwas used to make payments for an office setup in Britain, war expenses of Englandand import of invisible items. It resulted in the decline in foreign trade of India.Questions:  11. How did the opening of the Suez Canal help the Britishers? *
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12. The export surplus was used for the development of Indian industry *
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13. Name the countries with which India had foreign Trade. *
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14. What is the reason of shortage of food grains in India? *
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Read the following passage and answer the questions 15-18Industrial policy resolution 1956 was the clear declaration of the government on theleading role of public sector in the process of industrialization. This resolution laidthe roadmap of second five-year plan also. In IPR-1956, industries were classifiedinto three categories. Public sector was given primary role in the industrialdevelopment of the country. Industries in the private sector could be established onlythrough a license from the government. Main idea of industrial licensing was toencourage industries in the backward regions of the country. Private sector wasoffered many types of industrial concessions for establishing industries in backwardregions like tax holidays and subsidized power supply.Karve committee (1955) also focused on the role of small-scale industries to achievethe goal of industrial development. As far as possible, domestic industries wereprotected from the foreign competition.Protection was provided through: heavy imports tariffs and by fixing import quotas.    11. Rapid industrialization was the objective of which five-year plan? *
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12. Which sector was given primary role on the process of industrial development of the country? *
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13. What is the objective of licensing policy? *
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14. How domestic industries were protected from foreign competition? *
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Read the following passage and answer the questions 19-22For overall economic development of thecountry government needs to focus on the development of agriculture sector as 49% of the population isengaged in primary sector.Green revolution was one such initiative taken by the government which hasincreased the production of food grains like wheat and rice. Green revolution waspossible due to the use of HYV seeds, irrigation facilities and fertilizers. This madeIndia not only self-reliant but also helped it to become an exporter of food grains. Buteffects of Green Revolution were more prominent in few states like Punjab, Haryanaand Tamil Nadu. It was widened the gap between rich and poor in the ruler India.                    15. Identify the element which is not related with green revolution. *
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16. Use of----------  seeds were promoted in green revolution *
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17. Green revolution was comparatively more successful in which states? *
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18. Indian economy is marching towards progress but there is a need of improvement in ---------- sector. *
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19. Read the following statements-Assertion (A) and Reason(R) .Choose one of the correct alternatives given below.Assertion (A) During the British rule, India saw huge drain of wealth.Reason (R) India generated large export surplus during colonial period. *
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20. Read the following statements-Assertion (A) and Reason(R) .Choose one of the correct alternatives given below.Assertion (A) The major policy initiatives like land reforms and green revolution helped India to become self -reliant in food grains productions Reason (R) The proportion of people depending on agriculture did not decline as expected. *
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21. Read the following statements-Assertion (A) and Reason(R) .Choose one of the correct alternatives given below.Assertion (A) Planning was seen as a way to give Indian economy a boost of investment and growth.Reason (R) The British rule had left the Indian economy in a stagnant economy. *
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22. Read the following statements-Assertion (A) and Reason(R).Choose one of the correct alternatives given below.Assertion (A): To increase foreign trade, government should resort to reducing tariff rates, giving credit facilities to the exporters and provide them better infrastructural facilities. Reason (R): Foreign Trade boost economy of the country. *
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