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

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

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

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

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

2 / 15

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

public-private industrial partnership

multinational corporations

privately owned

public sector industries

3 / 15

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

Growth, Equality, Modernisation, Self-Reliance

Growth, Equity, Modernisation, Self-Reliance

Development, Equality, Modernisation, Sustainability

Good Health, Education, Modernisation, Sustainability

4 / 15

What kind of tariff policy was needed to protect domestic producers from foreign competition, after independence?

low import tariffs, reduced import quota

high import tariffs, reduced import quota

low import tariffs, increased import quota

high import tariffs, increased import quota

5 / 15

Also See: Comparative Development Experiences of India and its Neighbours Simplified Class 12 Questions & Answers

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

1951

1947

1956

1948

6 / 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 true but Reason (R) is false.

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).

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

7 / 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

1, 3, 4

1, 2, 4

2, 3, 4

1, 2, 3

8 / 15

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

Karve

Mahalanobis

Tapas Majumdar

TRYSEM

9 / 15

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

First

Third

Fourth

Second

10 / 15

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

Capitalist system

Socialist system

Mixed economy

Command economy

11 / 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

both 1 and 2

only 1

only 2

12 / 15

State whether the given statement is true or false:

The mechanization of Indian agriculture was one of the causes of the Green Revolution in India.

False

True

13 / 15

Identify an argument that supports the agricultural subsidies in India.

reduces government spending on agriculture

supports fertiliser industries

reduces the gap between the rich and poor farmers

unpopularity of the HYV seeds

14 / 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 and R explains A.

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

A is false but R is true.

A is true but R is false.

15 / 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.

Your score is

The average score is 64%

Leaderboard – Top Scorers

Check the top scorers here!

Pos.	Name	Score	Duration	Points
1	Chinky	93 %	4 minutes 48 seconds	14
2	hi	93 %	6 minutes 11 seconds	14
3	..	87 %	3 minutes	13
4	Anuj	87 %	3 minutes 12 seconds	13
5	athi	87 %	4 minutes 49 seconds	13
6	hema	87 %	4 minutes 55 seconds	13
7	ABCD	87 %	5 minutes 23 seconds	13
8	Hardik	80 %	3 minutes 8 seconds	12
9	Abc	80 %	3 minutes 26 seconds	12
10	NETHRA	80 %	8 minutes 10 seconds	12
11	disha	80 %	8 minutes 37 seconds	12
12	Devashree	73 %	3 minutes 44 seconds	11
13	Rashi	67 %	3 minutes 46 seconds	10
14	Rashi	67 %	4 minutes 1 seconds	10
15	Xyz	67 %	7 minutes 8 seconds	10
16	Rupali	67 %	7 minutes 39 seconds	10
17	Sourabh	67 %	8 minutes 41 seconds	10
18	yasha jadaun	60 %	4 minutes 31 seconds	9
19	Ecology	60 %	5 minutes	9
20	]ll\	60 %	5 minutes 17 seconds	9
21	Padit ji	60 %	5 minutes 58 seconds	9
22	suba	53 %	3 minutes 30 seconds	8
23	sneha	53 %	6 minutes 56 seconds	8
24	Mysterious	53 %	11 minutes 37 seconds	8
25	xyz	47 %	4 minutes 4 seconds	7
26	Devansh	33 %	1 minutes 39 seconds	5
27	manish	33 %	3 minutes 47 seconds	5
28	harsh	33 %	3 minutes 50 seconds	5
29	Shruti	33 %	4 minutes 4 seconds	5
30	aki	33 %	4 minutes 50 seconds	5
31	lelllaallllllllllllllllla	27 %	7 minutes 45 seconds	4

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

About the Quiz

Why Take This Quiz?

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About the Quiz

Why Take This Quiz?

Leaderboard – Top Scorers

Key Topics Covered in the Quiz

More Class 12 Economics MCQ Quizzes

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1 thought on “Indian Economy 1950-1990 Class 12 MCQ Quiz – Test Your Knowledge!”

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