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Indian Economy 1950 1990 Quiz 2 (48 MCQs)

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1. The five year planning in India was giving importance to "self reliance" which means .....
2. Quotas are a tax on imported goods while tariffs specify the number of goods which can be imported.
3. Under Import substitution trade policy:
4. Self reliance means
5. Objectives of planning in India are .....
6. In which year India adopted High Yielding Varieties programme for the first time?
7. What does HYVs stand for?
8. The father of high yielding variety seeds is considered to be Norman Borlaug.
9. When was GST implemented?
10. What type of economy is followed in India?
11. Subsidies do not allow prices to indicate the supply of a good. True/False?
12. Planning in India started with a heavy reliance on the ..... sector.
13. In India what type of economic system is being followed?
14. Capilalist is controlled and operated by
15. Evaluate the below statements related to land reforms.i) Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the owners of land.ii) The purpose of land ceiling was to keep the concentration of land ownership in the hands of a selected few.Which of the above are correct?
16. Schedule ..... comprise of industries which would be exclusively owned by the state:
17. Who formulates five year plans in India?
18. Small-scale industries are more 'labour intensive' i.e., they use more labour than the large-scale industries and, therefore, generate less employment.
19. The planning commission was set up in which year in India?
20. Fixing the maximum size of land which could be owned by an individual is called?
21. Planning commission was set up in India with the Prime Minister as its Chairperson in .....
22. What are the years of India's 12th five-year plan?
23. The maximum size of land an individual could have is known as
24. Eliminating subsidies will eliminate the goal or equity
25. What is the duration of plan period in India?
26. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
27. In the field of Economic Planning in India the government of India substituted NITI Ayog for Planning Commission and the on going five year planning concept abolished in which year?
28. The policy makers of independent India tried to bring in growth and equity in the agriculture sector through:i) Bringing in land Reformsii) Without using any 'High Yielding Variety' (HYV) seedsWhich of the above are correct?
29. Which one of the central problem of an Economy
30. ASSERTION(A):Just a year after independence, efforts towards land reforms were introduced. REASON (R):Ownership of land would give incentives to the tillers to invest in making improvements.
31. Who is the chairperson of the Planning commission?
32. The Village and Small-Scale Industries committee also called the Karve committee was constituted for the development of small-scale industries in .....
33. The Industrial licensing policy introduced during 1950-1990 aimed at .....
34. NITI Aayog was formed on?
35. Import substitution policy aimed at replacing or substituting imports with .....
36. Long term plan is also termed as .....
37. One of the common goals of five year plans is 'growth'. What does the growth imply?
38. A direct tax is a tax which is imposed on.
39. In a capitalist society the goods produced are distributed among people not on the basis of what people need but on the basis of what people can afford and are willing to purchase. This
40. Which of the following is the main focus of "Aatma Nirbhar Bharat Abhiyaan" announced by Prime Minister Narendra Modi to combat covid-19 crisis?
41. The Planning Commission was set up in:
42. In a market economy, is also called as ....., only those consumer goods will be produced that are in Demand.
43. Which of the following statements regarding high yielding variety (HYV) seeds are correct?i) The use of these seeds requires neither the use of fertilisers nor the pesticides.ii) Dependence on regular supply of water is eliminated.iii) In the first phase of the green revolution(mid 1960s upto mid 1970s), the use of HYV seeds primarily benefited the wheat growing regions only while In the second phase (mid-1970s to mid-1980s), the HYV technology benefited more variety of crops.iv) In the first phase of the green revolution, the use of HYV seeds was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu.
44. The portion of agricultural produce which is sold in the market by the farmers is known as,
45. Legally stipulated maximum size beyond which no individual farmer can hold any land
46. What is the year of India's 12th 5-year plan?
47. When did Industrial policy resolution take place in India?
48. A good indicator of growth is steady increase in the:
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