This quiz works best with JavaScript enabled. Home > Indian Economy > 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. 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. 2. 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%. 3. Perspective plan is a A) Short term plan. B) Long term plan. Show Answer Correct Answer: B) Long term plan. 4. 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. 5. 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. 6. 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. 7. 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. 8. 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. 9. 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,. 10. 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. 11. 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. 12. 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. 13. What was the share of Service Sector to GDP, in India on 1950-51 and 1990-91? A) 50%. B) 28 %. C) 40%. D) 80%. Show Answer Correct Answer: B) 28 %. 14. Who is the chairman of the planning commission in India? A) Prime minister. B) President. C) Chief minister. D) Governor. Show Answer Correct Answer: A) Prime minister. 15. The states where land reforms were successful A) Kerala & Tamil Nadu. B) Kerala & West Bengal. C) Tamil Nadu & Maharashtra. D) West Bengal & Maharashtra. Show Answer Correct Answer: B) Kerala & West Bengal. 16. Union Budget is the budget of A) Central Government. B) Local Government. C) State Government. D) Election Commission. Show Answer Correct Answer: A) Central Government. 17. Escheats is an example of: A) Capital Receipts. B) Revenue Receipts. C) Capital Expenditure. D) Revenue Expenditure. Show Answer Correct Answer: B) Revenue Receipts. 18. Borrowings are equivalent to: A) Revenue deficit. B) Primary deficit. C) Fiscal deficit. D) None of these. Show Answer Correct Answer: C) Fiscal deficit. 19. The non-tax revenue in the following is: A) Income Tax. B) Corporate Tax. C) Dividends. D) Borrowings. Show Answer Correct Answer: C) Dividends. 20. Repayment of loans is an example of: A) Capital Expenditure. B) Non-planned expenditure. C) Revenue expenditure. D) Planned expenditure. Show Answer Correct Answer: A) Capital Expenditure. ← PreviousNext →Related QuizzesIndian Economy 1950 1990 Quiz 1Indian Economy 1950 1990 Quiz 3Indian Economy 1950 1990 Quiz 4Indian Economy 1950 1990 Quiz 5Currency And Inflation QuizFiscal System Of India QuizGlobalisation And The Indian Economy QuizIndia S Foreign Policy QuizIndian Banking System And Capital Market QuizIndian Economic Development Policy QuizIndian Economy And Planning QuizIndian Economy On The Eve Of Independence QuizIndian Economy QuizIndustries Infrastructure And Foreign Trade QuizInternational Organisations And Human Development QuizLifelines Of Indian Economy QuizManufacturing Industries QuizNatural Resources And Indian Economy QuizNew Economic Policy Of 1991 QuizPoverty Unemployment And Alleviation Programmes QuizSectors Of The Indian Economy Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books