Indian Economy 1950-1990 Class 12 MCQ Quiz – Test Your Knowledge!

Are you ready to test your understanding of "Indian Economy 1950-1990" from Class 12 Economics? This chapter covers the economic policies, five-year plans, industrial development, and the role of public and private sectors in shaping India's post-independence economy.

About the Quiz

Chapter Name: Indian Economy 1950-1990
Subject: Economics
Book: NCERT Class 12 Economics
Question Type: Multiple Choice Questions (MCQs)
Leaderboard: Yes (Check Your Rank!)

Why Take This Quiz?

✔ Strengthens your CBSE board exam preparation
✔ Helps in understanding economic planning in India
✔ Enhances knowledge of industrial and agricultural policies
✔ Tracks your progress with the leaderboard

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Chapter 2-Indian Economy 1950-1990

1 / 15

Which of the following statements about the land ceiling policy is TRUE?

It led to equity in the agricultural sector.

The implementation of the legislation was challenged by small tenants.

It was successful in Kerala and West Bengal because it met no resistance.

Many landlords were able to escape the legislation.

2 / 15

The shackles of agriculture during the colonial rule were permanently broken by the Green Revolution that resulted from the application of ___

High Yielding Varieties (HYV)

Mechanization of Agriculture

Chemical Fertilizers and Pesticides

Organic Fertilizers and Pesticides

2, 3, 4

1, 3, 4

1, 2, 4

1, 2, 3

3 / 15

What was the purpose of the import substitution policy in India?

To promote foreign investmentv

To reduce poverty

To reduce imports and promote domestic production

To increase exports

4 / 15

There are two statements given below, about the changes in India's structural composition in the period 1950-1990.

At the beginning of this period, the share of agriculture in the GDP was the highest.

The increase in agricultural productivity during this period led to a further increase in the share of agriculture in the GDP by the end of this period.

Which of these statements is/are true?

neither 1 nor 2

only 2

both 1 and 2

only 1

5 / 15

There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.

Assertion (A): Land redistribution efforts have failed in reducing levels of poverty in rural India.

Reason (R): The per capita availability of agricultural land has steadily declined in rural India due to population growth.

Both A and R are true but R does not explain A.

Both A and R are true and R explains A.

A is true but R is false.

A is false but R is true.

6 / 15

Read the following statements - Assertion (A) and Reason (R):

Assertion (A) – The goal of equitable distribution of land was fully served by the abolition of intermediaries, in post-independence India.

Reason(R) – Big landlords challenged the land ceiling legislation, delaying the implementation and subsequently escaping from the legislation.

From the given alternatives choose the correct one:

Assertion (A) is false but Reason (R) is true.

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true but Reason (R) is false.

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

7 / 15

Read the following statements carefully and choose the correct alternatives given below:

Statement 1 – Subsidies do not add any burden on the financial health of a nation.

Statement 2 – Complete removal of subsidies may violate the aim of equitable distribution of income.

Statement 2 is true and Statement 1 is false.

Statement 1 is true and Statement 2 is false.

Both statements are false.

Both statements are true.v

8 / 15

What was the primary goal of the Karve committee constituted in 1955?

Promotion of large-scale industries

Development of infrastructure

Encouragement of foreign investment

Development of small-scale industries

9 / 15

Identify the classification that falls outside the purview of the Industrial Policy Resolution, of 1956. (Choose the correct alternative)

privately owned

multinational corporations

public-private industrial partnership

public sector industries

10 / 15

Identify the correct combination of the ‘Goals of Indian Five-Year Plans’:

Good Health, Education, Modernisation, Sustainability

Development, Equality, Modernisation, Sustainability

Growth, Equality, Modernisation, Self-Reliance

Growth, Equity, Modernisation, Self-Reliance

11 / 15

First Industrial Policy Resolution of Independent India was announced in the year______ (Fill in the blank with the correct alternative)

1951

1947

1948

1956

12 / 15

Industrial Policy Resolution (IPR) 1956 formed the basis of the_________ Five Year Plan. (Fill up the blank with the correct alternative)

First

Second

Fourth

Third

13 / 15

__________committee was set up for the development and promotion of small-scale industries in India.

Tapas Majumdar

TRYSEM

Karve

Mahalanobis

14 / 15

Which of the following was not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning? (choose the correct alternative)

Private entrepreneurs lacked sufficient capital for investment.

The government wanted to protect the indigenous producers from foreign competition.

The market was big enough to encourage private industrialists to invest.

Government aimed at social welfare.

15 / 15

Match the following:

1. Prime Minister	A. Seeds that give large proportion of output
2. Gross Domestic Product	B. Quantity of goods that can be imported
3. Quota	C. Chairperson of the planning commission
4. Land Reforms	D. The money value of all the final goods and services produced within the economy in one year
5. HYV seeds	E. Improvements in the field of agriculture to increase its productivity
6. Subsidies	F. The monetary assistance given by government for production activities.

1-E, 2-D, 3-B, 4-C, 5-A, 6-F

1-C, 2-D, 3-B, 4-E, 5-F, 6-A

1-C, 2-D, 3-B, 4-E, 5-A, 6-F

1-C, 2-B, 3-D, 4-E, 5-A, 6-F

Your score is

The average score is 44%

Leaderboard – Top Scorers

Check the top scorers here!

Pos.	Name	Score	Duration	Points
1	Ecology	60 %	5 minutes	9
2	Padit ji	60 %	5 minutes 58 seconds	9
3	Devansh	33 %	1 minutes 39 seconds	5
4	manish	33 %	3 minutes 47 seconds	5
5	harsh	33 %	3 minutes 50 seconds	5

Key Topics Covered in the Quiz

✔ Economic Planning and Five-Year Plans
✔ Industrial Policy and Public Sector Enterprises
✔ Green Revolution and Agricultural Reforms
✔ Trade and Foreign Policies
✔ Role of LPG (Liberalization, Privatization, Globalization)

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About the Quiz

Why Take This Quiz?

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Key Topics Covered in the Quiz

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