This quiz works best with JavaScript enabled. Home > Indian Economy > History > Indian Economy 1950 1990 – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy 1950 1990 Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Why did farmers in Soviet Union pack rotten fruits with fresh fruits in the same box? A) Farmers were not aware. B) Farmers were not trained. C) In the absence of ownership. farmers did not have the incentive to be efficient. D) Farmers did it purposefully to spoil all fruits. Show Answer Correct Answer: C) In the absence of ownership. farmers did not have the incentive to be efficient. 2. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making? A) Capitalist. B) Socialist. C) Mixed. D) Global. Show Answer Correct Answer: A) Capitalist. 3. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.? A) Multiple cropping. B) Green revolution. C) Crop insurance. D) HYV. Show Answer Correct Answer: C) Crop insurance. 4. Who is considered to be the architect of indian planning? A) William Digby. B) P.C. Mahalanobis. C) Dada bhai Naroji. D) R.C.Desai. Show Answer Correct Answer: B) P.C. Mahalanobis. 5. What was the % of India's population that was dependent on agriculture during agriculture? A) 75%. B) 50%. C) 85%. D) 60%. Show Answer Correct Answer: A) 75%. 6. The first five year plan was launched for a period from A) 1948-1953. B) 1959-1954. C) 1951-1956. D) 1955-1960. Show Answer Correct Answer: C) 1951-1956. 7. Perspective plan is a A) Short term plan. B) Long term plan. Show Answer Correct Answer: B) Long term plan. 8. Large increase in production of food grains resulting from the use of HYV seeds is called ..... A) 2 years. B) 3 years. C) 5 years. D) 6 years. Show Answer Correct Answer: C) 5 years. 9. It is a conscious design to shape the socio-economic processes in order to achieve an objective A) Economic infrastructure. B) Economic growth. C) Economic planning. D) Economic development. Show Answer Correct Answer: C) Economic planning. 10. The legislation of land ceiling to bring land reforms in India were successful in which two states? A) Bihar & Odhisha. B) Kerala & West Bengal. C) Odisha & Kerala. D) West Bengal & Bihar. Show Answer Correct Answer: B) Kerala & West Bengal. 11. The portion of agricultural produce that is sold in the market by farmers is known as ..... A) Trade deficit. B) Marketed surplus. C) Subsidy. D) Import substitution. Show Answer Correct Answer: B) Marketed surplus. 12. The common goals of five year plans are: A) Modernisation. B) Growth. C) Self-reliance. D) All of the above. Show Answer Correct Answer: D) All of the above. 13. In 1955, the Karve Committee was constituted. What was the aim of Karve Committee? A) Development of public sector industries. B) Development of large scale industries. C) Development of small scale industries. D) Development of private sector industries. Show Answer Correct Answer: C) Development of small scale industries. 14. ..... refer to taxes levied on imported goods. A) Quotas. B) Tariffs. C) Lagaan. D) None of these. Show Answer Correct Answer: B) Tariffs. 15. Who is the Architect of Indian Planning? A) Prasanta Chandra Mahalanobis,. B) V K V RAO. C) Dr B R Ambedkar. D) Mahamta Gandhi. Show Answer Correct Answer: A) Prasanta Chandra Mahalanobis,. 16. The concept of five year plan in India was introduced by A) Lord Mountbatten. B) Gandhi Indira. C) Jawahar lal Nehru. D) Lal Bahadur Shastri. Show Answer Correct Answer: C) Jawahar lal Nehru. 17. The central problems of an economy are: A) What to produce. B) How to produce. C) For whom to produce. D) All of these. Show Answer Correct Answer: D) All of these. 18. Which among the following is not a benefit of Green Revolution? A) Increase in marketed surplus. B) Buffer stock. C) High cost. D) Self-reliance. Show Answer Correct Answer: C) High cost. 19. When was the planning commission set up? A) 1949. B) 1950. C) 1956. D) 1850. Show Answer Correct Answer: B) 1950. 20. Abolition of Intermediaries and Land ceiling are part of A) Industrial reforms. B) Banking reforms. C) Land Reforms. D) External reforms. Show Answer Correct Answer: C) Land Reforms. ← PreviousNext →Related QuizzesIndian Economy QuizzesIndian Economy 1950 1990 Quiz 1Indian 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