This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy 1950 1990 – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy 1950 1990 Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Planning in India started with a heavy reliance on the ..... sector. A) Public. B) Private. C) Both a and b. D) None of the above. Show Answer Correct Answer: A) Public. 2. In India what type of economic system is being followed? A) Capitalism. B) Socialism. C) Mixed. D) Monarchy. Show Answer Correct Answer: C) Mixed. 3. Capilalist is controlled and operated by A) Private sector. B) Public sector. C) Both a and b. D) Neither a nor b. Show Answer Correct Answer: A) Private sector. 4. Schedule ..... comprise of industries which would be exclusively owned by the state: A) A. B) B. C) C. D) None. Show Answer Correct Answer: A) A. 5. Who formulates five year plans in India? A) R.B.I. B) Planning Commission. C) Parliament. D) Supreme court. Show Answer Correct Answer: B) Planning Commission. 6. Small-scale industries are more 'labour intensive' i.e., they use more labour than the large-scale industries and, therefore, generate less employment. A) True. B) False. Show Answer Correct Answer: B) False. 7. The planning commission was set up in which year in India? A) 5th March 1951. B) 25th April 1951. C) 20th April 1951. D) 15th March 1950. Show Answer Correct Answer: D) 15th March 1950. 8. Fixing the maximum size of land which could be owned by an individual is called? A) Land fragmentation. B) Land ceiling. C) Land consolidation. D) Land upgradation. Show Answer Correct Answer: B) Land ceiling. 9. Which of the following is not included in land reforms? A) Land ceiling. B) Abolition of intermediaries. C) Consolidation of land holdings. D) Use of HYV seeds. Show Answer Correct Answer: D) Use of HYV seeds. 10. Planning commission was set up in India with the Prime Minister as its Chairperson in ..... A) 1947. B) 1950. C) 1951. D) 1948. Show Answer Correct Answer: B) 1950. 11. The maximum size of land an individual could have is known as A) Consolidation of land holdings. B) Abolition of intermediaries. C) Land ceiling. D) None of the above. Show Answer Correct Answer: C) Land ceiling. 12. Eliminating subsidies will eliminate the goal or equity A) True. B) False. Show Answer Correct Answer: A) True. 13. What is the duration of plan period in India? A) 10. B) 2. C) 3. D) 5. Show Answer Correct Answer: D) 5. 14. In the field of Economic Planning in India the government of India substituted NITI Ayog for Planning Commission and the on going five year planning concept abolished in which year? A) 2015. B) 2016. C) 2017. D) 2018. Show Answer Correct Answer: A) 2015. 15. The policy makers of independent India tried to bring in growth and equity in the agriculture sector through:i) Bringing in land Reformsii) Without using any 'High Yielding Variety' (HYV) seedsWhich of the above are correct? A) Only I. B) Only II. C) Both I and II. D) Neither I nor II. Show Answer Correct Answer: C) Both I and II. 16. Which one of the central problem of an Economy 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. 17. ASSERTION(A):Just a year after independence, efforts towards land reforms were introduced. REASON (R):Ownership of land would give incentives to the tillers to invest in making improvements. A) A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). B) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A). C) Assertion (A) is true but Reason (R) is false. D) Assertion (A) is false but Reason (R) is true. Show Answer Correct Answer: A) A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). 18. Who is the chairperson of the Planning commission? A) Prime Minister. B) President. C) Chief Minister. D) Governor. Show Answer Correct Answer: A) Prime Minister. 19. The Village and Small-Scale Industries committee also called the Karve committee was constituted for the development of small-scale industries in ..... A) 1950. B) 1954. C) 1955. D) 1956. Show Answer Correct Answer: C) 1955. 20. The Industrial licensing policy introduced during 1950-1990 aimed at ..... A) Expansion of industries in backward regions. B) Promotion of regional equality. C) Checking undue expansion of industrial sector. D) All of the above. Show Answer Correct Answer: D) All of the above. ← PreviousNext →Related QuizzesIndian Economy 1950 1990 Quiz 1Indian Economy 1950 1990 Quiz 2Indian Economy 1950 1990 Quiz 3Indian 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