CBSE Class 11 Economics Indian Economy 1950-1990 MCQs Set C

Question. 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

Answer: C

Question. For the growth of___________, use of HYV seeds was beneficial.
a) Rice
b) Barley
c) Wheat
d) Pulses

Answer: C

Question. Life expectancy in 1991 was
a) 63 year
b) 62 year
c) 61 year
d) 65 year

Answer: C

Question. Equity aims at
a) Equitable distribution
b) Economic growth
c) Modernization
d) All of the options

Answer: A

Question. When was NITI Aayog established?
a) 1991
b) 2001
c) 2011
d) 2015

Answer: D

Question. New Agricultural strategy was also knows as:
a) While revolution
b) Agricultural revolution
c) Green revolution
d) Land revolution

Answer: C

Question. 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

Answer: B

Question. Which of the following is the main objective of carrying out various economic activities?
a) Profit
b) Public welfare
c) Competition
d) Equality

Answer: B

Question. In 1950-1951,gross area under cultivation was ___crore hectare which now has shot up to __crore hectare.
a) 15,17
b) 13,19
c) 10,20
d) None of the options

Answer: B

Question. Who is the ex-officio chairman of the planning commission
a) Governor
b) President
c) Vice-President
d) Prime Minister

Answer: D

Question. In India exports are encouraged through
a) Any one of these
b) Relief in taxes
c) Subsidies
d) Concessional bank credit

Answer: A

Question. 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

Answer: B

Question. 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

Answer: A, B, D

Question. First time the objective of self-reliance was incorporated in the ____ Five year plan
a) First
b) Second
c) Third
d) Fifth

Answer: C

Question. The four goals of five-year plans include which of the following
a) Growth ;
b) Modernization
c) Self-reliance
d) All of the options

Answer: D

Question. In which year, Industrial Policy Resolution was adopted?
a) 1956
b) 1950
c) 1965
d) 1953

Answer: A

Question. Which one of the following measures was not a part of tenancy reforms?
a) fixation of land ceiling
b) regulation of rent
c) ownership rights for tenants
d) security of tenure

Answer: A

Question. Difference in export and import is known as
a) BOA
b) BOT
c) BOC
d) BOP

Answer: B

Question. ______ spells out how the resources of a nation are put to use
a) Plan
b) Feedback
c) Economic system
d) Policy

Answer: A

Question. When was the Planning Commission set up in India?
a) 1952
b) 1950
c) 1964
d) 1975

Answer: B

Question. Infant mortality rate fall due to
a) Better health facilities
b) No change in health facilities
c) Poor health facilities
d) All of the options

Answer: A

Question. What does HYVP stand for?
a) High Yielding Varieties Products
b) High Yielding Various Programme
c) High Yielding Varieties Programme
d) High Yielding Various Products

Answer: C

Question. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
a) 1950
b) 1969
c) 1952
d) 1979

Answer: C

Question. 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 options

Answer: C

Question. _______ 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 the options

Answer: B

Question. Capitalist Economy is controlled and operated by:
a) Private sector
b) Public sector
c) Both a) and b)
d) Neither a) nor b)

Answer: A

Question. The portion of agricultural produce that is sold in the market by farmers is known as.
a) Trade deficit
b) Marketed surplus
c) Subsidy
d) Import substitution

Answer: B

Question. Planning commission was set up in which year in India?
a) 5th March, 1951
b) 25th April, 1951
c) 20th March, 1951
d) 15th March, 1950

Answer: D

Question. Which one of the following , is not a goal of the Planning Commission ?
a) Economic Growth
b) Equity
c) Resource conservation
d) Self-reliance

Answer: C

Question. Small scale industries today defined as all those industries in which maximum investment is
a) Less than Five Lakh
b) Less than Ten Lakh
c) Twenty Crore
d) Less than ten Crore

Answer: D

Question. How much percent of India’s population was dependent on agriculture during independence?
a) 75%
b) 50%
c) 85%
d) 65%

Answer: A

Question. Schedule __ comprise of industries which would be exclusively owned by the state.
a) A
b) B
c) C
d) None of the options

Answer: A

Question. Which of the following is not a goal of five year plan ?
a) Growth
b) Equity
c) Land reforms
d) Modernisation

Answer: C

Question. 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 options

Answer: C

Question. All the state government imposed land ceiling in 1960 except
a) North-western
b) North-eastern
c) South-eastern
d) South-western

Answer: B

Question. The portion of agricultural produce which the farmer actually sells in the market after satisfying his domestic need is called
a) Profitable
b) Marketed Surplus
c) Cost surplus
d) None of the options

Answer: B

Question. 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 options

Answer: B

Question. To protect goods produced in India from imports, Government made use of
a) Quotas
b) Tariffs
c) Export Promotion
d) All of the options

Answer: A, B

Question. _______ refers to means avoiding imports of goods which could be produced in India
a) Equity
b) Modernization
c) Self reliance
d) Economic growth

Answer: C

Read the following statement given below and choose the correct alternative

Question. Assertion(A)- After independence, India adopted inward looking trade strategy which is called import substitution
Reason ( R)- Import substitution was highly regulatory and restrictive in nature
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not

Answer: B

Question. Statement (A)- Small scale industries were important for employment generation
Statement (R)- Small scale industries contributed in foreign trade
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct

Answer: A

Question. Statement (A)- Small scale industries are more capital intensive
Statement (R)- Industrial policy resolution formed the basis of second five year plan
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct

Answer: D

Question. Assertion (A)- Economic planning means coordination and utilisation of available resources in an economy
Reason (R)- Economic planning is undertaken by the private sector in an economy
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not

Answer: C