MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers

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Find here the NCERT Book Multiple Choice Questions from Class 12 Economics book with Answers Pdf free download as per CBSE new exam pattern. This may assist you to understand and check your knowledge about the chapters. Students also can take a free test of the Multiple Choice Questions of Class 12 Economics. Each question has four options followed by the right answer. These MCQ Questions are selected supported by the newest exam pattern as announced by CBSE.

Q1. 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

(A) Capitalist

Q2. Which of the following is the main objective of carrying out various economic activities?

(A) Profit
(B) Public welfare
(C) Competition
(D) Equality

(B) Public welfare

Q3. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?

(A) 1950
(B) 1969
(C) 1952
(D) 1979

(C) 1952

Q4. 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

(A) BOP deficit

Q5. Agriculture sector contributed _ percent to the GDP in 1990-91.

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

(B) 34.9

Q6. 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

(C) Crop insurance

Q7. 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

(B) Planning

Q8. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?

(A) 17
(B) 21
(C) 15
(D) 2

(A) 17

Q9. The percentage of the total population below the poverty line has __ in India since independence.

declined

Q10. _ planning includes all spheres of economic and social activities.

Comprehensive

Q11. __ is the Chairman of the Planning Commission.

Prime Minister

Q12. __ economy is the framework of planning in India.

Mixed

Q13. Full employment and equitable distribution of income and wealth are the _ period objectives of planning in India.

long

Q14. __ combined with social justice is the principal goal of planning in India.

Economic growth

Q15. Modernisation means adoption of new technology and a change in __

social outlook

Q16. Planning in India started with a heavy reliance on the _ sector.

Public

Q17. Land Reforms were introduced to make tillers the owners of the land and bring about _ in agriculture.

equity

Q18. Import Substitution policy was introduced to protect __ from foreign competition.

domestic industries

Q19. In a capitalist economy, production takes place for selling the output in the market with profit as the primary motive.

True

Q20. Pt. Jawaharlal Nehru and many other leaders favoured capitalism for independent India.

False

Q21. President is the Chairman of the Planning Commission.

False

Q22. Pt. Jawaharlal Nehru is regarded as the architect of Indian planning.

False

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