Plus One Economics – Chapter 2 Online Exam in English
Notes
Plus One Economics – Chapter 2 Online Exam in English
Notes

Plus One Economics – Chapter 2 Online Exam in English

Chapter 2:-

Indian Economy (1950 – 1990)

Chapter 2

Multi-choice Practice Exam

Question

1. Find the odd one

Answers

HYV seeds

Fertilisers

Licensing

Irrigation

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Question

2. Who is the chairman of Planning Commission ?

Answers

Prime minister

Finance minister

President

Governor

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Question

3. The main motive of Public Sector enterprises is :

Answers

Advantages

Profit 

Public Welfare

None of these

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Question

4. Who wrote “Planned Economy for India” in 1934 ?

Answers

M.N. Roy

Sriman Narayan

M. Visvesvarya 

 P.C. Mahalanobis.

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Question

5. India’s population engaged in agricultural sector in 1990 was—

Answers

75%

65%

45%

38%

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Question

6. Planning commission was set up in :

Answers

1950

1947

1951

1991

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Question

7. Who is considered as the architect of Indian planning?

Answers

MN Roy

RC Desai

PC Mahalanobis

MS Swaminathan

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Question

8. Name the foreign trade policy adopted by India during 1950-1990.

Answers

Export substitution

Import substitution

Bilateral trade

Multilateral trade

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Question

9. Indian economic system is considered as

Answers

Socialist

Planned

Mixed

Capitalist

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Question

10. White revolution deals with ….

Answers

Milk

Vegetables

Egg

Fish

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Question

11. Balance of Trade means :

Answers

Import > Export

Export > Import

Export = Import

All of these

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Question

12. Why subsidies are necessary ?

Answers

 For the adoption of HYV technology

To cover the risk

To help the small and poor farmers

All of these

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Question

13. Economic planning started in India in—

Answers

1951

1991

1757

2000

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Question

14. First Industrial Policy Resolutions were made in:

Answers

1948

1947

1957

1951

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Question

15. Who formulated People Plan ?

Answers

M.N Roy

P.C. Mahalanobis.

Visvesvarayya

Narayan

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Question

16. Karve Committee give suggestions to promote the working of the following. Find it.

Answers

Small Scale Industries

The public Sector Industries

Rural infrastructure Development

Heavy Industries

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Question

17. Which term specify of quantity of goods which can be imported ?

Answers

Tariffs

Quotas

Trade

None of these

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Question

18. Match the following columns.

A B
a. Capitalism i. Existence of public sector and private sector
b. Socialism ii. Market mechanism
c. Mixed Economy iii. Public sector

Answers

a-i, b-ii, c-iii

a-ii, b-iii, c-i

a-iii, b-i, c-ii

a-iii, b-ii, c-i

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Question

19. Green revolution is related to:

Answers

Food grain production

Milk production

Cash crop production

All of these

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Question

20. How many annual plans were implemented in India?

Answers

6

15

3

2

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Question

21. Which is NOT a correct pair?

Answers

VKRV Rao – National income estimation

Karve Committee – Agriculture

Tapas Majumdar Committee – Education

Brundtland Commission – Sustainable development

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Question

22. Select correct pairs

A B
a. China i. Capitalism
b. Sreelanka ii. Socialism
c. UK iii. Mixed economy

Answers

a-iii, b-ii, c-i

a-i, b-iii, c-ii

a-ii, b-iii, c-i

a-i, b-ii, c-iii

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Question

23. “Operation flood” is related with

Answers

Fisheries

Horticulture

Sericulture

Animal Husbandry

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Question

24. Find the odd one

Answers

Modernisation

Growth

Equity

Imports

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Question

25. Match the following

A B
a. Quota i. Niti Ayog
b. HYV Seeds ii. Improvements in agriculture
c. Land reforms iii. Seeds giving large output
d. Prime minister iv. Quantity of goods

Answers

a-iv, b-iii, c-ii, d-i

a-iv, b-i, c-iii, d-ii

a-i, b-ii, c-iii, d-iv

a-iii, b-iv, c-ii, d-i

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