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Indian Economy 1950 1990 Quiz 1 (60 MCQs)

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1. Schedule ..... comprise of industries which is exclusively by State.
2. Which of the following is the main objective of carrying out various economic activities for serving society?
3. Inward looking trade strategy is also known as policy of .....
4. Land reforms were successful in the following because these states had government committed to the policy of 'land to the tiller'
5. Which of the following in not included in land reforms?
6. ..... implies either a larger stock of productive capital, or a larger size of supporting services like transport and banking, or an increase in the efficiency of productive capital and services
7. Who is the father of Green Revolution?
8. Budgetary policies are implemented by the.
9. Which factor led to the breaking up of the stagnation of agriculture?
10. Disinvestment is a-
11. Who presented the 1st 5-year plan of the country?
12. The first phase of green revolution spanned approximately between
13. The portion of agricultural produce which is sold in the market by the farmers is called?
14. Industries were the focus for the second five-year plan.
15. What were the focus points of 2nd five-year plan?
16. Who is known as the architect of Indian Planning?
17. Which of the following is not an objective of Import substitution during 1950-1990?
18. IPR-1956 laid emphasis on the role of ..... sector.
19. When a farmer produces just for his self-consumption and not for commercial purpose is known as .....
20. Who is regarded as the architect of Indian planning?
21. Why did farmers in Soviet Union pack rotten fruits with fresh fruits in the same box?
22. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
23. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
24. What was the % of India's population that was dependent on agriculture during agriculture?
25. The first five year plan was launched for a period from
26. Perspective plan is a
27. Large increase in production of food grains resulting from the use of HYV seeds is called .....
28. It is a conscious design to shape the socio-economic processes in order to achieve an objective
29. The legislation of land ceiling to bring land reforms in India were successful in which two states?
30. The portion of agricultural produce that is sold in the market by farmers is known as .....
31. The common goals of five year plans are:
32. In 1955, the Karve Committee was constituted. What was the aim of Karve Committee?
33. ..... refer to taxes levied on imported goods.
34. The concept of five year plan in India was introduced by
35. The central problems of an economy are:
36. Which among the following is not a benefit of Green Revolution?
37. When was the planning commission set up?
38. Abolition of Intermediaries and Land ceiling are part of
39. What was the share of Service Sector to GDP, in India on 1950-51 and 1990-91?
40. Who is the chairman of the planning commission in India?
41. The states where land reforms were successful
42. Union Budget is the budget of
43. What does HYVP stand for?
44. Escheats is an example of:
45. Borrowings are equivalent to:
46. The non-tax revenue in the following is:
47. Repayment of loans is an example of:
48. In a mixed economies, the government answer the three questions of what to produce, how to produce and how to distribute what is produced
49. The economic justification of subsidies in agriculture is, at present, a hotly debated question. Consider the following statements related to this.1. A substantial amount of fertiliser subsidy also benefits the fertiliser industry, not only farmers.2. The subsidy largely benefits the farmers in the more prosperous regions.3. Most farmers in India are very poor and they will not be able to afford the required inputs without subsidies.Select the correct statements using codes below
50. Land ceiling refers to:
51. ..... refers to an arrangement by which central problems of an economy are solved.
52. Adopting of new technology in the production of goods and services to increase the output is called .....
53. Under Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned and controlled by the private sector and the state.
54. During the initial years after independence, the low productivity of Indian agricultural sector forced India to import food from which country?
55. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
56. When was the planning commission set up in India?
57. Which seeds are called miracle seeds?
58. The government budget is an
59. ..... refers to utilisation of country's resources in order to promote economic growth.
60. Match the following:1. Marketed surplus A. Large increase in production of food grains resulting from the use of high yielding variety seeds especially for wheat and rice.2. Green Revolution B. Portion of agricultural produce which is sold in the market by the farmers.3. HYV Seeds C. Seeds that give large proportion of output 4. Land Reforms D. Improvements in the field of agriculture to increase its productivityWhich of the above are not matched correctly?
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