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

Check the below NCERT MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers Pdf free download. MCQ Questions for Class 12 Economics with Answers were prepared based on the latest exam pattern. We have provided Indian Economy 1950-1990 Class 12 Economics MCQs Questions with Answers to help students understand the concept very well.

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

(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.


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


Q11. __ is the Chairman of the Planning Commission.

Prime Minister

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


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


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.


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


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.


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


Q21. President is the Chairman of the Planning Commission.


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


Class 12 Macroeconomics MCQ with Answers: Introductory Macroeconomics

Chapter 1: Introduction to Macroeconomics
Chapter 2: National Income Accounting
Chapter 3: Money and Banking
Chapter 4: Determination of Income and Employment
Chapter 5: Government Budget and the Economy
Chapter 6: Open Economy Macroeconomics

Class 12 Economics Indian Economic Development MCQ with Answers

Chapter 1: Indian Economy on the Eve of Independence
Chapter 2: Indian Economy 1950-1990
Chapter 3: Liberalisation, Privatisation and Globalisation: An Appraisal
Chapter 4: Poverty
Chapter 5: Human Capital Formation in India
Chapter 6: Rural Development
Chapter 7: Employment: Growth, Informalisation and Other Issues
Chapter 8: Infrastructure
Chapter 9: Environment and Sustainable Development
Chapter 10: Comparative Development Experiences of India and its Neighbours

Unit 6: Development Experience (1947-90) and Economic Reforms Since 1991
Unit 7: Current Challenges Facing Indian Economy
Unit 8: Development Experience of India: A Comparison with Neighbours

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