{"id":17651,"date":"2021-02-03T12:11:22","date_gmt":"2021-02-03T06:41:22","guid":{"rendered":"https:\/\/ncertsolutions.guru\/?p=17651"},"modified":"2021-02-03T12:15:27","modified_gmt":"2021-02-03T06:45:27","slug":"mcq-questions-for-class-12-economics-chapter-2-part-b","status":"publish","type":"post","link":"https:\/\/ncertsolutions.guru\/mcq-questions-for-class-12-economics-chapter-2-part-b\/","title":{"rendered":"MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers"},"content":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Economics with Answers<\/a>. You can also verify your answers from our provided Indian Economy 1950-1990 Class 12 MCQs Questions with Answers. So, ace up your preparation with MCQ on Indian Economy 1950-1990 Class 12 Objective Questions.<\/p>\n

Indian Economy 1950-1990 Class 12 MCQs Questions with Answers<\/h2>\n

Choose the correct alternative.<\/span><\/p>\n

Question 1.
\nWhich one of the following measures was not a part of tenancy reforms?
\n(a) fixation of land ceiling
\n(b) regulation of rent
\n(c) ownership rights for tenants
\n(d) security of tenure<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) fixation of land ceiling<\/p>\n<\/details>\n

\n

Question 2.
\nWhich of the following industry was not reserved for the government in Industrial Policy Resolution, 1956?
\n(a) Iron and steel
\n(b) Transport
\n(c) Atomic energy
\n(d) Railway transport<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Iron and steel<\/p>\n<\/details>\n

\n

Question 3.
\nThe motive behind the introduction of land reforms in India was __________
\n(a) self-sufficiency in food grains
\n(b) agricultural development
\n(c) equity in agriculture
\n(d) industrial development<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) equity in agriculture<\/p>\n<\/details>\n

\n

Question 4.
\nWhen was NITI Aayog established?
\n(a) 1991
\n(b) 2001
\n(c) 2011
\n(d) 2015<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (d) 2015<\/p>\n<\/details>\n

\n

Question 5.
\nLand ceiling refers to _________
\n(a) fixing rural landholding at the existing level
\n(b) fixing the quantum of land held by an individual
\n(c) fixing urban landholdings at the existing level
\n(d) fixing land area for irrigation purposes<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) fixing the quantum of land held by an individual<\/p>\n<\/details>\n

\n

Question 6.
\nIn which of the following types of economy are resources owned privately and the main objective behind economic activities is profit-making?
\n(a) Capitalist
\n(b) Socialist
\n(c) Mixed
\n(d) Global<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) Capitalist<\/p>\n<\/details>\n

\n

Question 7.
\nWhich of the following is the main objective of carrying out various economic activities?
\n(a) Profit
\n(b) Public welfare
\n(c) Competition
\n(d) Equality<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (b) Public welfare<\/p>\n<\/details>\n

\n

Question 8.
\nWhen was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
\n(a) 1950
\n(b) 1969
\n(c) 1952
\n(d) 1979<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) 1952<\/p>\n<\/details>\n

\n

Question 9.
\nWhat is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
\n(a) Multiple cropping
\n(b) Green Revolution
\n(c) Crop insurance
\n(d) HYV<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (c) Crop insurance<\/p>\n<\/details>\n

\n

Question 10.
\nHow many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
\n(a) 17
\n(b) 21
\n(c) 15
\n(d) 2<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: (a) 17<\/p>\n<\/details>\n

\n

Fill in the blanks with the correct word.<\/span><\/p>\n

Question 11.
\n________ planning includes all spheres of economic and social activities.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Comprehensive<\/p>\n<\/details>\n

\n

Question 12.
\n________ is the Chairman of the Planning Commission.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Prime Minister<\/p>\n<\/details>\n

\n

Question 13.
\nFull employment and equitable distribution of income and wealth are the _______ objectives of planning in India.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: long-term<\/p>\n<\/details>\n

\n

Question 14.
\n__________ combined with social justice is the principal goal of planning in India.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Economic growth<\/p>\n<\/details>\n

\n

Question 15.
\nModernisation means adoption of new technology and a change in __________<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: social outlook<\/p>\n<\/details>\n

\n

Question 16.
\nPlanning in India started with a heavy reliance on the _________ sector.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: Public<\/p>\n<\/details>\n

\n

Question 17.
\nLand Reforms were introduced to make tillers the owners of the land and bring about __________ in agriculture.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: equity<\/p>\n<\/details>\n

\n

Question 18.
\nImport Substitution policy was introduced to protect the _________ from foreign competition.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: domestic industries<\/p>\n<\/details>\n

\n

State whether the following statements are True or False.<\/span><\/p>\n

Question 19.
\nIn a capitalist economy, production takes place for selling the output in the market with a profit motive.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 20.
\nPt. Jawaharlal Nehru and many other leaders favoured capitalism for independent India.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 21.
\nPt. Jawaharlal Nehru is regarded as the architect of Indian planning.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Question 22.
\nLand Reforms were introduced to make tillers the owners of the land.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 23.
\nUnder Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned and controlled by the private sector and the state.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: True<\/p>\n<\/details>\n

\n

Question 24.
\nQuotas are tax on imported goods while tariffs specify the number of goods which can be imported.<\/p>\n

\nAnswer<\/span><\/summary>\n

Answer: False<\/p>\n<\/details>\n

\n

Match the alternatives given in Column II with respective terms in Column I.<\/span><\/p>\n

Question 25.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Column I<\/td>\nColumn II<\/td>\n<\/tr>\n
(i) Objective of the capitalist economy<\/td>\n(a) 1956<\/td>\n<\/tr>\n
(ii) Objective of a socialist economy<\/td>\n(b) Controlled and managed by the government<\/td>\n<\/tr>\n
(iii) Private Sector<\/td>\n(c) 1952<\/td>\n<\/tr>\n
(iv) Public Sector<\/td>\n(d) 1950<\/td>\n<\/tr>\n
(v) Adoption of Industrial Policy Resolution<\/td>\n(e) Maximising social welfare<\/td>\n<\/tr>\n
(vi) Industrial licensing started in India<\/td>\n(f) 2015<\/td>\n<\/tr>\n
(vii) Constitution of Planning Commission<\/td>\n(g) 1967-68<\/td>\n<\/tr>\n
(viii) Establishment of NITI Aayog<\/td>\n(h) Controlled and managed by individuals<\/td>\n<\/tr>\n
(ix) Introduction of New Industrial Policy<\/td>\n(i) 1991<\/td>\n<\/tr>\n
(x) Introduction of Green Revolution<\/td>\n(j) Profit<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
\nAnswer<\/span><\/summary>\n

Answer:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Column I<\/td>\nColumn II<\/td>\n<\/tr>\n
(i) Objective of capitalist economy<\/td>\n(j) Profit<\/td>\n<\/tr>\n
(ii) Objective of socialist economy<\/td>\n(e) Maximising social welfare<\/td>\n<\/tr>\n
(iii) Private Sector<\/td>\n(h) Controlled and managed by individuals<\/td>\n<\/tr>\n
(iv) Public Sector<\/td>\n(b) Controlled and managed by government<\/td>\n<\/tr>\n
(v) Adoption of Industrial Policy Resolution<\/td>\n(a) 1956<\/td>\n<\/tr>\n
(vi) Industrial licensing started in India<\/td>\n(c) 1952<\/td>\n<\/tr>\n
(vii) Constitution of Planning Commission<\/td>\n(d) 1950<\/td>\n<\/tr>\n
(viii) Establishment of NITI Aayog<\/td>\n(f) 2015<\/td>\n<\/tr>\n
(ix) Introduction of New Industrial Policy<\/td>\n(i) 1991<\/td>\n<\/tr>\n
(x) Introduction of Green Revolution<\/td>\n(g) 1967-68<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/details>\n
\n

Use the above-provided NCERT MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers Pdf free download and get a good grip on the fundamentals. Need any support from our end during the preparation of CBSE Class 12 Economics Indian Economy 1950-1990 MCQs Multiple Choice Questions with Answers then leave your comments below. We’ll revert back to you soon.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students who are searching for NCERT MCQ Questions for Class 12 Economics Chapter 2 Indian Economy 1950-1990 with Answers Pdf free download are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 12 Economics with Answers. You can also verify your answers from our provided Indian …<\/p>\n

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