Important MCQ questions for Class 11 Economics Chapter-Indian Economy 1950-1990
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MCQ Questions set-1 for chapter-Indian Economy 1950-1990 class 11 Economics
Economics - MCQ on Indian Economy 1950-1990
Class XI
Q 1. Planning Commission is headed by
(a) The President.
(b) The Prime Minister.
(c) The Finance Minister.
(d) The Defense Minister.
Answer:
(b)
Explanation: It is a convention that the Prime Minister will become the chairperson of the Planning Commission.
Q. 2. The planning commission started functioning in
(a) 1945.
(b) 1947.
(c) 1950.
(d) 1955.
Answer:
(c)
Explanation: The planning commission started functioning in 1950.
Q. 3. A system where only those goods are produced that is in demand is called
(a) capitalist society.
(b) socialist society.
(c) mixed economy.
(d) communist society.
Answer:
(a)
Explanation: In market economy only those goods are produced that are in demand or can be sold profitably.
Q. 4. Socialism is a society, where
(a) the market and the government provide goods and services.
(b) wealth are owned and controlled privately.
(c) society is based on common ownership and control of means of production.
(d) wealth is controlled by the government.
Answer:
(d)
Explanation: In socialism, the government dicides what goods are to be produced in accordance with the needs of the society.
Q. 5. India has adopted
(a) mixed economy.
(b) socilist economy.
(c) capitalist econmy.
(d) communist economy.
Answer:
(a)
Explanation: Mixed Economy can be defined as a form of organization, where the elements of both capitalist economy and socialist economy are found.
Q. 6. A good indicator of economic growth, in the language of economics is
(a) steady increase in per capita income.
(b) steady increase in the GDP.
(c) increase in the living standard.
(d) Increase in industrial production.
Answer:
(b)
Explanation: A good indicator of economic growth, in the language of economics is steady increase in the GDP.
Q. 7. P.C. Mahalanobis was the architect of
(a) Indian Planning.
(b) first Five-year Plan.
(c) import Substitution.
(d) industrial licensing policy.
Answer:
(a)
Explanation: Prashanta Chandra Mahalanobis can be regarded as the architect of Indian planning.
Q 8. The first Five-year Plan was launched in
(a) 1947.
(b) 1950.
(c) 1951.
(d) 1965.
Answer:
(c)
Explanation: The first Five-year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965.
Q. 9. With development, the share of development declines in
(a) agriculture sector.
(b) industrial sector.
(c) service sector.
(d) banking sector.
Answer:
(a)
Explanation: Usually, it is seen that with development, the share of agriculture declines and the share of industry becomes dominant.
Q. 10. West Bengal and Kerala were the states, which successfully implemented
(a) land reforms.
(b) tax reforms.
(c) industrial policy.
(d) tax policy.
Answer:
(a)
Explanation: Land reforms were successful in West Bengal and Kerala where the state governments committed to the policy of land tillers.
Q 11. Green Revolution is related to production of
(a) Paddy and rice.
(b) Wheat and rice.
(c) Jawar and bajra.
(d) Millets and Pulses.
Answer:
(b)
Explanation: The major benefits of the Green Revolution in India were experienced mainly in northern and northwestern India. The program resulted in a substantial increase in the production of food grains, mainly wheat and rice.
Q. 12. One of the defects of HYV seeds is that they
(a) are prone to pests attack.
(b) require intensive irrigation.
(c) require modern technology.
(d) require chemical fertilizers.
Answer:
(a)
Explanation: HYV crops were more prone to attack by pests.
Q. 13. Green revolution enabled India to
(a) became a developed country.
(b) achieve self-sufficiency in food-grains.
(c) reduce inequality among Indian farmers.
(d) became an exporter of wheat.
Answer:
(b)
Explanation: Green revolution enabled India to achieve self-sufficiency in food-grains.
Q. 14. Economic planning has been formulated through
(a) short term plans.
(b) long term plans.
(c) five year plans.
(d) budget.
Answer:
(c)
Explanation: Economic planning has been formulated through five-year plans.
Q. 15. In the era of green revolution, the government provided loans to small farmers so that they could
(a) maintain their life.
(b) purchase land.
(c) sustain their life.
(d) purchase the needed inputs.
Answer:
(d)
Explanation: To spread the effect of green revolution, the government provided loans to small farmers so that could obtain the required inputs.
Q. 16. Subsidy means
(a)payment made by government to producers to supplement the market price of a commodity.
(b)a tax imposed by government on people.
(c) a poverty alleviation programme.
(d)a form of rebate to industrialists.
Answer:
(a)
Explanation: Subsidies keep the consumer prices low and it support business
activities that would otherwise not take place.
Q. 17. The green revolution remained confined to
(a) Kerala and Tamil Nadu.
(b) Punjab and Haryana.
(c) West Bengal and Orissa.
(d) Maharashtra and Kerala
Answer:
(b)
Explanation: The benefits of green revolution were confined to only few states – Punjab, Haryana, Tamil Nadu and Andhra Pradesh.
Q. 18. Import Substitution means
(a) encouraging agricultural production in order to reduce imports of manufactured goods.
(b) encouraging industrial growth for export.
(c) encouraging industrial growth in order to reduce imports of manufactured goods.
(d) encouraging agricultural production for export.
Answer:
(c)
Explanation: Import substitution is a strategy, where a country encourages industrial growth in order to reduce imports of manufactured goods.
Q. 19. Industrial licensing policy in 1956 was adapted to
(a) promote regional equality.
(b) attract foreign companies.
(c) encourage private sector industries.
(d) reduce burden of import.
Answer:
(a)
Explanation: The purpose of licensing policy was to promote regional equality in the country. It was used as an instrument to curb regional imbalances and to promote regional equality in the country.
Q. 20. Small-scale industries
(a) are capital intensive.
(b) foster rural development.
(c) promote regional imbalance.
(d) needs lot of machinery.
Answer:
(b)
Explanation: Small-scale industries are labour intensive and are an important source of village employment. Thus, theses industries can promote rural development.
MCQ Questions set-2 for chapter-Indian Economy 1950-1990 class 11 Economics
Q. 21. Instead of importing certain products, domestic industries are encouraged to produce them in the country itself. This is called
(a) tariff.
(b) import quota.
(c) export quota.
(d) import substitution.
Answer:
(d)
Explanation: Import substitution is a policy, where domestic industries are encouraged to produce goods in domestic country instead of importing them from foreign countries.
Q. 22. Tariffs are imposed on goods to
(a) discourage export.
(b) encourage their use.
(c) discourage their use.
(d) encourage import.
Answer:
(c)
Explanation: Tariffs are a tax that is imposed on imported goods to discourage import and the use of imported goods.
Q. 23. One of the major drawbacks in the industrial sector was
(a) efficient functioning of private sector.
(b) efficient functioning of public sector.
(c) inefficient functioning of private sector.
(d) inefficient functioning of public sector.
Answer:
(c)
Explanation: One of the major drawbacks in the industrial sector was the inefficient functioning of the public sector.