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CLASS 12 ECONOMICS INDIAN ECONOMY 1950 - 1990 CBSE TERM 1 EXAM OBJECTIVE QUESTIONS MCQ'S TEST

Hello Students we are providing mcqs of class 12 Economics lesson 2 Indian Economy 1947-1990 These objective questions is very helpful for your study because these question cover a wide topic and easy to understand

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It is a conscious design to shape the socio-economic processes in order to achieve an objective?
A. Economic growth
B. Economic development
C. Economic planning
D. Economic infrastructure

Answer - C

Explanation - It means utilisation of the country's resources into different development activities in accordance with national priorities.

The economy of India is based on planning through the ___ Year Plan develop executed and monitored by the planning Commission
A. Six
B.. Five
C. Three
D. Four

Answer - B

Explanation - From 1947 to 2017, the Indian economy was premised on the concept of planning. It was carried through the Five-Year Plans, developed, executed, and monitored by the Planning commission.


Who is the ex-officio chairman of the planning commission
A. Governor
B. Prime Minister
C. Vice-President
D. President

Answer - B

Explanation - Prime minister is the ex-officio chairman of planning commission, where the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister.


First time the objective of self-reliance was incorporated in the ____ Five year plan
A First
B. Second
C. Third
D. Fifth

Answer - C

Explanation - The third five year plan focussed on self sufficiency in food grain production, generation of employement opportunities and reduction in inequality.

The new agricultural strategy was adopted in India during the
A. Second Plan
B. Forth Plan
C. Fifth Plan
D. Third Plan

Answer - D

Explanation - The new agricultural strategy which is also known as Green revolution in India was adopted in third five year plan in the year of 1960.

All the state government imposed land ceiling in 1960 except?
A. North-eastern
B. South-eastern
C. South-western
D. North-western

Answer - A

Explanation - In 1959 the Indian national congress resolved that the agrarian legislation to cover restrictions on the size of land holdings must be implemented in all states by the end of 1959. thus, all the state governments imposed land ceilings in the 1960s except for the north-eastern region.

The birth rate in 1991 declined to
A. 9.5
B. 8.5
C. 8.8
D. 9.8

Answer - D

Explanation - Birth rate refers to the number of live births per thousand of population per year. In 1991 it declined to 9.8


In which year India adopted HYVP
A. 1963
B. 1964
C. 1966.0
D. 1965

Answer - C

Explanation - The High Yielding Variety Programme (HYVP) was launched in the Kharif of 1966-67 with an objective to attain self-sufficiency in food by 1970-71. The core philosophy of the programme was to increase the productivity of food grains by adopting latest varieties of inputs of crops.

Initially HYVP was implemented in about
A. 2 million hectares area
B. 75 million hectares area
C. 76 million hectares area
D. 3 million hectares area

Answer - A

Explanation - Initially HYVP was implemented in 2 million hectares. in 1997-98 the total area under HYVP was 76 million hectares, of which about 6 percent was under foodgrains.

There were 29 industries under public sector out of which how many industries were under schedule A
A. 5
B. 12
C. 10
D. 17.0

Answer - D

Explanation - This comprised 17 industrial areas which were strictly under the Central Government.These included key industries such as Defence Equipment; Atomic Energy; Iron & Steel and heavy plants / machineries required for iron & steel production etc.

Gross Domestic savings as a proportion of GDP has risen from ____ in 1950-51 to ____percent in 1990-91
A. 10, 28
B. 7.4, 22.6
C. 8.5, 34.6
D. 8.9, 23.1

Answer - D

Explanation - Gross Domestic savings as a proportion of GDP has risen mainly due to the increased contribution of household sector from 6.2 in 1950-51 to 19.3 in 1990-91.

In the calendar of planning there are annual plan which are given below except
A. 1990-92
B. 1968-69
C. 1956-1957
D. 1966-67

Answer - C

Explanation - 1956-57 plan is included in the second five year plan (which focusses on increase in  industrial production) due to which it is not included in the annual plans.


When was Planning commission established
A. 25th March 1951
B. 5th March 1951
C. 15th March 1951
D. 20th March 1951

Answer - C

Explanation - The Planning commission was set up in march 1951 with Jawaharlal Nehru as its Chairman. It was set up to bring economic stability.

Who presented the first five year plan
A. Jawaharlal Nehru
B. B.R.Ambedkar
C. Indira Gandhi
D. Mahatma Gandhi

Answer - A

Explanation - The first Indian Prime Minister, Jawaharlal Nehru presented the First Five-Year Plan to the Parliament of India and needed urgent attention. The First Five-year Plan was launched in 1951 which mainly focused in development of the primary sector.


Agriculture education ,health and infrastructure were the priority areas in which five year plan.
A. 12th
B. 9th
C. 11th
D. 10th

Answer - C

Explanation - Eleventh five year plan focussed on improving the quality of life through better health and sducational facilities and improved levels of consumption. It also focussed on reduction in inequality.


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