Indian Economy 1950-1990 Class 12 MCQ Quiz – Test Your Knowledge!

State whether the given statement is true or false:

The mechanization of Indian agriculture was one of the causes of the Green Revolution in India.

What kind of tariff policy was needed to protect domestic producers from foreign competition, after independence?

There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.

• Assertion (A): India’s Green Revolution is an example of how the productivity of scarce land resources can be increased with improved production technology.
• Reason (R): Because of the Green Revolution, farmers produced far larger quantities of foodgrains than was possible earlier, on the same piece of land.

C. Rajagopalachari, a founder of the Swatantra Party, coined the term 'permit-license raj' to encapsulate the party's frustrations with Nehru's policies, writing in his magazine Swarajya: I want the corruptions of the Permit/Licence Raj to go... I want real, equal opportunities for all and no private monopolies created by the Permit/Licence Raj.

How were these private monopolies indulging in the corruption that C. Rajagopalachari talks about?

__________committee was set up for the development and promotion of small-scale industries in India.

Industrial Policy Resolution (IPR) 1956 formed the basis of the_________ Five Year Plan. (Fill up the blank with the correct alternative)

Which of the following was not a reason for the public sector to play a major role in the initial phase of Indian Economic Planning? (choose the correct alternative)

There are two statements given below marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.

• Assertion (A): In a capitalist economy, private entities own resources, whereas, in a socialist economy, resources are owned by the state.
• Reason (R): In a socialist economy, it is assumed that the government knows the exact needs of the people.

Read the following statements - Assertion (A) and Reason (R):

• Assertion (A) – Major policy initiatives (land reforms and Green Revolution) helped India to become self-sufficient in food grains production.
• Reason(R) – The proportion of people depending on agriculture did not decline as expected after the Green Revolution.

Identify the correct sequence of alternatives given in Column II by matching them with respective terms in Column I:

Which economic system is characterized by the provision of goods and services based on the needs of society?

The shackles of agriculture during the colonial rule were permanently broken by the Green Revolution that resulted from the application of ___

1. High Yielding Varieties (HYV)
2. Mechanization of Agriculture
3. Chemical Fertilizers and Pesticides
4. Organic Fertilizers and Pesticides

Match the following:

Identify the classification that falls outside the purview of the Industrial Policy Resolution, of 1956. (Choose the correct alternative)

There are two statements given below, marked as Assertion (A) and Reason (R). Read the statements and choose the correct option.

• Assertion (A): Land redistribution efforts have failed in reducing levels of poverty in rural India.
• Reason (R): The per capita availability of agricultural land has steadily declined in rural India due to population growth.