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Indian Economy 1950 1990 Quiz 5 (7 MCQs)

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1. In a market economy, is also called as _____, only those consumer goods will be produced that are in Demand.

2. 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.

3. The portion of agricultural produce which is sold in the market by the farmers is known as,

4. Legally stipulated maximum size beyond which no individual farmer can hold any land

5. What is the year of India's 12th 5-year plan?

6. When did Industrial policy resolution take place in India?

7. A good indicator of growth is steady increase in the:

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Indian Economy 1950 1990 Quiz 5 (7 MCQs)

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