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  • MCQ Indian Economy (1950-1990)

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    This document contains 10 multiple choice questions and 10 fill in the blank questions about the Indian economy between 1950-1990. The questions cover topics like the type of economy India adopted after independence, the objectives of economic planning and activities, important organizations and plans introduced during this period like the National Development Council and Five-Year Plans, sectors of the economy and their contributions to GDP, agricultural reforms, industrial policies, and goals of planning like employment generation and equitable distribution of wealth and income.

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    MCQ Indian Economy(1950-1990)

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    This document contains 10 multiple choice questions and 10 fill in the blank questions about the Indian economy between 1950-1990. The questions cover topics like the type of economy India adopted after independence, the objectives of economic planning and activities, important organizations and plans introduced during this period like the National Development Council and Five-Year Plans, sectors of the economy and their contributions to GDP, agricultural reforms, industrial policies, and goals of planning like employment generation and equitable distribution of wealth and income.

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    © All Rights Reserved
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    777 views2 pages

    MCQ Indian Economy (1950-1990)

    Uploaded by

    divya shrichandani
    This document contains 10 multiple choice questions and 10 fill in the blank questions about the Indian economy between 1950-1990. The questions cover topics like the type of economy India adopted after independence, the objectives of economic planning and activities, important organizations and plans introduced during this period like the National Development Council and Five-Year Plans, sectors of the economy and their contributions to GDP, agricultural reforms, industrial policies, and goals of planning like employment generation and equitable distribution of wealth and income.

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    © All Rights Reserved
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    of 2

    Indian Economy (1950-1990)

    Multiple Choice Questions


    Question 1. In which of the following type of economy are resources owned privately and the main objective
    behind economic activities is profit-making?
    (A) Capitalist
    (B) Socialist
    (C) Mixed
    (D) Global

    Question 2. Which of the following is the main objective of carrying out various economic activities?
    (A) Profit
    (B) Public welfare
    (C) Competition
    (D) Equality

    Question 3. When was the National Development Council (NDC) set up as an adjunct to the Planning
    Commission?
    (A) 1950
    (B) 1969
    (C) 1952
    (D) 1979

    Question 4. Which of the following had been responsible for the heavy burden of the deal and its interest?
    (A) BOP deficit
    (B) BOP surplus
    (C) Equilibrium
    (D) None of these

    Question 5. Agriculture sector contributed _______ percent to the GDP in 1990-91.


    (A) 24.6
    (B) 34.9
    (C) 40.5
    (D) 59.0

    Question 6. 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

    Question 7. Which of the following steps promoted the growth of the economy as a whole by stimulating the
    development of industrial and tertiary sectors?
    (A) Independence
    (B) Planning
    (C) Colonial rule
    (D) Green revolution
    II. Fill in the blanks with the correct answer.
    Question 1.The percentage of the total population below the poverty line has ________ in India since
    independence.
    Answer: declined

    Question 2._______ planning includes all spheres of economic and social activities.
    Answer: Comprehensive

    Question 3.________ is the Chairman of the Planning Commission.


    Answer: Prime Minister

    Question 4.________ economy is the framework of planning in India.


    Answer: Mixed

    Question 5.Full employment and equitable distribution of income and wealth are the _______ period
    objectives of planning in India.
    Answer: long

    Question 6.________ combined with social justice is the principal goal of planning in India.
    Answer: Economic growth

    Question 7.Modernisation means adoption of new technology and a change in ________


    Answer: social outlook

    Question 8.Planning in India started with a heavy reliance on the _______ sector.
    Answer: Public

    Question 9.Land Reforms were introduced to make tillers the owners of the land and bring about _______ in
    agriculture.
    Answer: equity

    Question 10.Import Substitution policy was introduced to protect ________ from foreign competition.
    Answer: domestic industries

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