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
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Chapter 2-Indian Economy 1950-1990

1 / 15

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

1956

1948

1951

1947

2 / 15

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

privately owned

public-private industrial partnership

public sector industries

multinational corporations

3 / 15

Identify an argument that supports the agricultural subsidies in India.

reduces the gap between the rich and poor farmers

reduces government spending on agriculture

unpopularity of the HYV seeds

supports fertiliser industries

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?

only 2

only 1

both 1 and 2

neither 1 nor 2

5 / 15

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:

Column I	Column II
A. Land Ceiling	i. Increase in production of food grain using high yielding variety seeds
B. Land reforms	ii. Portion of agricultural produce sold in the market
C. Green Revolution	iii. Fixing the maximum limit of land holding for an individual.
D. Marketed Surplus	iv. Change in the ownership of land (land to tillers)

A-iii, B-ii, C-i, D-iv

A-ii, B-iii, C-iv, D-i

A-i, B-ii, C-iv, D-iii

A-iii, B-iv, C-i, D-ii

6 / 15

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

Development of infrastructure

Promotion of large-scale industries

Encouragement of foreign investment

Development of small-scale industries

7 / 15

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

Assertion (A): Many public sector undertakings incurred huge losses due to operational inefficiencies.

Reason (R): Red-tapism was one of the reasons for the continuation of such enterprises.

Select the correct alternative from the following:

Both Assertion (A) and Reason (R) are false.

Both Assertion (A) and Reason (R) are true.a. Both Assertion (A) and Reason (R) are true.

8 / 15

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

To promote foreign investmentv

To increase exports

To reduce imports and promote domestic production

To reduce poverty

9 / 15

Which economic system is characterized by the provision of goods and services based on the needs of society?

Command economy

Mixed economy

Socialist system

Capitalist system

10 / 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

11 / 15

C. Rajagopalachari, a founder of the Swatantra Party, coined the term 'permit-license raj' to encapsulate the party's frustrations with Nehru's policies, writing in his magazine Swarajya: I want the corruptions of the Permit/Licence Raj to go... I want real, equal opportunities for all and no private monopolies created by the Permit/Licence Raj.

How were these private monopolies indulging in the corruption that C. Rajagopalachari talks about?

They continued to function even when running into losses.

They led to lobbying and personal benefits for big industrial houses.

They exploited the people by grossly increasing prices.

They could not compete with international products.

12 / 15

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

Many landlords were able to escape the legislation.

The implementation of the legislation was challenged by small tenants.

It led to equity in the agricultural sector.

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

13 / 15

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

Assertion (A) – Major policy initiatives (land reforms and Green Revolution) helped India to become self-sufficient in food grains production.

Reason(R) – The proportion of people depending on agriculture did not decline as expected after the Green Revolution.

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

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

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

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

14 / 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 1 is true and Statement 2 is false.

Both statements are false.

Both statements are true.v

Statement 2 is true and Statement 1 is false.

15 / 15

What is the definition of quota?

Export promotion policies

Subsidies on domestic production

Quantitative restrictions on imports

Tariffs on imported goods

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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