Indian Economy (1950-90) CBSE Questions & Answers

Indian Economy (1950-90)

This is Economics Class 11 Indian Economy (1950-90) CBSE Questions & Answers. There are 15 questions in this test with each question having around four answer choices.

Questions & Answers

1
First five year plan focused on ____ production while in second plan shifted the focus to _____
  • A
    Agriculture, Tertiary
  • B
    Industry, Agriculture
  • C
    Tertiary, Industry
  • D
    Agriculture, Industry
    Correct
2
Twelfth five year plan
  • A
    1997-2002
  • B
    2007-2012
  • C
    2002-2007
  • D
    2012-2017
    Correct
3
Which is the primary objective of economic planning in India
  • A
    Growth with social justice
    Correct
  • B
    Reducing Inequalities of income
  • C
    Abolition of poverty
  • D
    Removing unemployment
4
GDP
  • A
    Market value of all the final goods and services produced by the residents
  • B
    Factor value of all the final goods and services produced within a domestic territory
  • C
    Factor value of all the final goods and services produced produced by the residents
  • D
    Market value of all the final goods and services produced within a domestic territory
    Correct
5
As per India Vision _____ Report prepared by Planning Commission India’s per capita income has doubled over the past 20 years
  • A
    2020.0
    Correct
  • B
    2010
  • C
    2005
  • D
    2015
6
At the time of independence the government of India adopted the following for the future economic development
  • A
    Planning by direction
  • B
    Planning by inducement
  • C
    Free market forces + planning by inducement
    Correct
  • D
    Free market forces
7
MRTP stands for
  • A
    Minor and Regional Trade Practices Act
  • B
    Monopolies and Restrictive Trade Practices Act
    Correct
  • C
    Minor and Restrictive Trade Products Act
  • D
    Monopolies and Regional Trade Practices Act
8
The need for planning emerges from the following weakness of the free market system
  • A
    All of these
    Correct
  • B
    Exploitation of workers
  • C
    Instability
  • D
    Inequalities
9
The basic problem the Indian economy is facing is shortage of
  • A
    Entrepreneurial abilities
  • B
    Natural resources
  • C
    Man made resources
    Correct
  • D
    Human resources
10
Perspective plan is
  • A
    Very short plan
  • B
    Permanent plan
  • C
    Short term plan
  • D
    Long term plan
    Correct
11
Self reliance objective of planning means reducing dependence
  • A
    One region of country over the other
  • B
    On foreign trade
  • C
    One individual over other
  • D
    On foreign aid
    Correct
12
Who developed HYV seeds
  • A
    Normal Jones
  • B
    Norten Borlaug
  • C
    Normal Borlaug
    Correct
  • D
    Norah Jones
13
Inclusive growth can be achieved by
  • A
    Removing poverty
  • B
    Reducing inequalities
  • C
    All of these
    Correct
  • D
    Providing social justice
14
HYVP stands for
  • A
    High Yielding Varieties Product
  • B
    High Yielding Varieties Programme
    Correct
  • C
    High Yielding Various Product
  • D
    High Yielding Various Programme
15
IADP stands for
  • A
    Integrated Agriculture Development Product
  • B
    Integrated Area Development Product
  • C
    Intensive Area Development Product
  • D
    Intensive Area Development Programme
    Correct