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Indian Economy 1950 1990 Quiz 3 (25 MCQs)

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1. Adopting of new technology in the production of goods and services to increase the output is called _____

2. 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.

3. During the initial years after independence, the low productivity of Indian agricultural sector forced India to import food from which country?

4. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?

5. Which seeds are called miracle seeds?

6. The government budget is an

7. _____ refers to utilisation of country's resources in order to promote economic growth.

8. 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?

9. Inward looking trade strategy is also known as the policy of _____

10. The five year planning in India was giving importance to "self reliance" which means _____

11. Quotas are a tax on imported goods while tariffs specify the number of goods which can be imported.

12. Under Import substitution trade policy:

13. Self reliance means

14. Objectives of planning in India are _____

15. In which year India adopted High Yielding Varieties programme for the first time?

16. What does HYVs stand for?

17. The father of high yielding variety seeds is considered to be Norman Borlaug.

18. When was GST implemented?

19. What type of economy is followed in India?

20. Subsidies do not allow prices to indicate the supply of a good. True/False?

21. Planning in India started with a heavy reliance on the _____ sector.

22. In India what type of economic system is being followed?

23. Capilalist is controlled and operated by

24. 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?

25. Schedule _____ comprise of industries which would be exclusively owned by the state:

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Indian Economy 1950 1990 Quiz 3 (25 MCQs)

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