This quiz works best with JavaScript enabled. Home > Indian Economy > History > Indian Economy 1950 1990 – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy 1950 1990 Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Schedule ..... comprise of industries which is exclusively by State. A) A. B) B. C) C. D) None of theses. Show Answer Correct Answer: A) A. 2. Which of the following is the main objective of carrying out various economic activities for serving society? A) Profit. B) Public welfare. C) Competition. D) Equality. Show Answer Correct Answer: B) Public welfare. 3. Inward looking trade strategy is also known as policy of ..... A) Import relaxation. B) Import substitution. C) Import promotion. D) None of these. Show Answer Correct Answer: B) Import substitution. 4. Land reforms were successful in the following because these states had government committed to the policy of 'land to the tiller' A) Kerala. B) West bengal. C) Karnataka. D) Both a and b. E) Both b and c. Show Answer Correct Answer: D) Both a and b. 5. Which of the following in not included in land reforms? A) Use of high yielding variety seeds. B) The abolition of intermediaries. C) The change in ownership of landholdings. D) Land ceiling. Show Answer Correct Answer: A) Use of high yielding variety seeds. 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 A) Modernisation. B) Equity. C) Growth. D) Self-reliance. Show Answer Correct Answer: C) Growth. 7. Who is the father of Green Revolution? A) Dr Norman Borlau. B) Dr M.S.Swaminathan. C) Dr A.P, J Abdul Kalam. D) Mrs Indira Gandhi. Show Answer Correct Answer: A) Dr Norman Borlau. 8. Budgetary policies are implemented by the. A) Foreign sector. B) Finance ministry. C) Government. D) Private sector. Show Answer Correct Answer: C) Government. 9. Which factor led to the breaking up of the stagnation of agriculture? A) Land reforms. B) Green revolution. C) Buffer stock. D) Land ceiling. Show Answer Correct Answer: B) Green revolution. 10. Disinvestment is a- A) Capital expenditure. B) Revenue expenditure. C) Capital receipts. D) Revenue receipts. Show Answer Correct Answer: C) Capital receipts. 11. Who presented the 1st 5-year plan of the country? A) Pandit Jawaharlal Nehru. B) B R Ambedkar. C) Sardar Ballav Bhai Patel. D) Mahatma Gandhi. Show Answer Correct Answer: A) Pandit Jawaharlal Nehru. 12. The first phase of green revolution spanned approximately between A) Mid 1950s upto mid 1960s. B) Mid 1960s upto mid 1970s. C) 1980s. D) 1960-1970. Show Answer Correct Answer: B) Mid 1960s upto mid 1970s. 13. The portion of agricultural produce which is sold in the market by the farmers is called? A) Excess surplus. B) Marketable surplus. C) Agricultural produce. D) Exports. Show Answer Correct Answer: B) Marketable surplus. 14. Industries were the focus for the second five-year plan. A) True. B) False. Show Answer Correct Answer: A) True. 15. What were the focus points of 2nd five-year plan? A) Agriculture. B) Industry. C) Service. D) None of these. Show Answer Correct Answer: B) Industry. 16. Who is known as the architect of Indian Planning? A) Jawaharlal Nehru. B) Dr. B. R. Ambedkar. C) PC Mahalanobis. D) Sardar Vallabhbhai Patel. Show Answer Correct Answer: C) PC Mahalanobis. 17. Which of the following is not an objective of Import substitution during 1950-1990? A) Protection of domestic industries from foreign competition. B) To save foreign exchange reserves. C) Decreasing taxes on all imported goods. D) Substituting imports with domestic production. Show Answer Correct Answer: C) Decreasing taxes on all imported goods. 18. IPR-1956 laid emphasis on the role of ..... sector. A) Private. B) Public. Show Answer Correct Answer: B) Public. 19. When a farmer produces just for his self-consumption and not for commercial purpose is known as ..... A) Subsistence farming. B) Commercial farming. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Subsistence farming. 20. Who is regarded as the architect of Indian planning? A) MS Swaminathan. B) Prasanta Chandra Mahalanobis. Show Answer Correct Answer: B) Prasanta Chandra Mahalanobis. Next →Related QuizzesIndian Economy QuizzesIndian Economy 1950 1990 Quiz 2Indian Economy 1950 1990 Quiz 3Indian Economy 1950 1990 Quiz 4Indian Economy 1950 1990 Quiz 5Indian Economy 1950 1990 Quiz 6Indian Economy On The Eve Of Independence QuizNew Economic Policy Of 1991 Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books