CBSE Questions for Class 12 Commerce Economics Indian Economy (1950-1990) Quiz 2 - MCQExams.com

Ryotwari system of tenancy was first introduced in _________.
  • 1770, Madras
  • 1789, Bihar
  • 1792, Madras
  • 1790, West Bengal
  • 1820, Madras
During third plan, i.e., before implementation of HYVP food grain production was 81 million tones which has increased to ________ million tonnes 2010-11.
  • 200.3
  • 210.5
  • 241
  • 215.5
Which of the following is part of land reform?
  • Providing land to the landless
  • Determining the ceiling of the land
  • Helping the framers to improve fertility of land
  • (A) and (B)
India opt for planning because of the following reason.
  • It spells out how the resources of a nation should be put to use
  • It should have some general goals as well as specific goals
  • It has to be achieved within a specified period of time
  • All of the above
Small-Scale Industries Committee or Karve Committee came in which year?
  • 1990
  • 1956
  • 1995
  • 1955
In a socialist society who decides, what goods should be produced?
  • Government
  • Private sector
  • Both
  • None of the above
Goals of five year plans are
  • General goals
  • Specified goals
  • Both
  • None of the above
 Plans should have goals because
  • Plan without goal is like life without soul
  • Every plan should have specified goals
  • Both
  • None of the above
Every society has to answer which three question?
  • What goods and services should be produced in the country?
  • How should the goods and services be produced?
  • How should the goods and services be distributed among people?
  • All of the above
The concept of mixed economy relates to
  • Coexistence of rural and urban sector
  • Coexistence of small scale sector and large scale sector
  • Coexistence of public sector and private sector
  • None of the above
Open economy means an economy which
  • Exports as well as imports
  • Does foreign investment
  • Has no requirement of licence
  • Both B and C
The Green Revolution introduced the farmers to
  • cultivation of wheat and rice
  • cultivation of green vegetables
  • cultivation of sugar cane
  • cultivation of forests
In the Industrial Policy of 1956, _____ industries were exclusively reserved for public sector.
  • 2
  • 7
  • 15
  • 17
Green Revolution implemented because of the following reason.
  • For better irrigation systems
  • For better pesticides and fertilizers
  • For good agricultural machinery
  • All of the above
High Yielding Variety (HYV) seeds are those seeds which need
  • Regular supply of water
  • Maximum use of fertilisers
  • Use of pesticides
  • All of the above
High Yield Variety (HYV) seeds means
  • Seeds that give less proportion of output
  • Seeds that give large proportion of output
  • Seed which have no proportion of output
  • None of the above
What is the standard unit of measuring land area?
  • Metre
  • Centimetres
  • Kilometres
  • Hectare
Which of the following is a reason for the direct participation of the state in industrial development?
  • Lack of capital
  • Growth with social justice
  • Low inducement to invest
  • All of these
Which of the following signifies the importance of industries in India?
  • Source of employment
  • Growth of civilisation
  • Development of agriculture
  • All of these
In small-scale industries, investment limit is _____.
  • Upto Rs. 25 lakhs
  • Upto Rs. 5 crores
  • Upto Rs. 6 crores
  • None of these
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