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

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Are you ready to test your understanding of "Indian Economy 1950-1990" from Class 12 Economics? This chapter covers the economic policies, five-year plans, industrial development, and the role of public and private sectors in shaping India's post-independence economy.

About the Quiz

Chapter Name: Indian Economy 1950-1990
Subject: Economics
Book: NCERT Class 12 Economics
Question Type: Multiple Choice Questions (MCQs)
Leaderboard: Yes (Check Your Rank!)

Why Take This Quiz?

✔ Strengthens your CBSE board exam preparation
✔ Helps in understanding economic planning in India
✔ Enhances knowledge of industrial and agricultural policies
✔ Tracks your progress with the leaderboard

Click Below to Start the Quiz!

Chapter 2-Indian Economy 1950-1990

1 / 15

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.

A is false but R is true.

A is true but R is false.

Both A and R are true but R does not explain A.

Both A and R are true and R explains A.

2 / 15

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

Assertion (A) – The goal of equitable distribution of land was fully served by the abolition of intermediaries, in post-independence India.

Reason(R) – Big landlords challenged the land ceiling legislation, delaying the implementation and subsequently escaping from the legislation.

From the given alternatives choose the correct one:

Assertion (A) is false but Reason (R) is true.

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

Assertion (A) is true but Reason (R) is false.

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

3 / 15

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

TRYSEM

Tapas Majumdar

Karve

Mahalanobis

4 / 15

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

Second

Third

Fourth

First

5 / 15

Identify an argument that supports the agricultural subsidies in India.

unpopularity of the HYV seeds

reduces the gap between the rich and poor farmers

supports fertiliser industries

reduces government spending on agriculture

6 / 15

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?

They continued to function even when running into losses.

They could not compete with international products.

They led to lobbying and personal benefits for big industrial houses.

They exploited the people by grossly increasing prices.

7 / 15

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

multinational corporations

privately owned

public sector industries

public-private industrial partnership

8 / 15

There are two statements given below, about the changes in India's structural composition in the period 1950-1990.

At the beginning of this period, the share of agriculture in the GDP was the highest.

The increase in agricultural productivity during this period led to a further increase in the share of agriculture in the GDP by the end of this period.

Which of these statements is/are true?

both 1 and 2

only 1

neither 1 nor 2

only 2

9 / 15

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.

False

True

10 / 15

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

Column I	Column II
A. Land Ceiling	i. Increase in production of food grain using high yielding variety seeds
B. Land reforms	ii. Portion of agricultural produce sold in the market
C. Green Revolution	iii. Fixing the maximum limit of land holding for an individual.
D. Marketed Surplus	iv. Change in the ownership of land (land to tillers)

A-ii, B-iii, C-iv, D-i

A-iii, B-ii, C-i, D-iv

A-i, B-ii, C-iv, D-iii

A-iii, B-iv, C-i, D-ii

11 / 15

What is the definition of quota?

Quantitative restrictions on imports

Tariffs on imported goods

Subsidies on domestic production

Export promotion policies

12 / 15

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

Command economy

Socialist system

Mixed economy

Capitalist system

13 / 15

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.

Assertion (A) is false but Reason (R) is true.

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).

Assertion (A) is true but Reason (R) is false.

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).

14 / 15

What was the primary goal of the Karve committee constituted in 1955?

Development of small-scale industries

Development of infrastructure

Encouragement of foreign investment

Promotion of large-scale industries

15 / 15

Match the following:

1. Prime Minister	A. Seeds that give large proportion of output
2. Gross Domestic Product	B. Quantity of goods that can be imported
3. Quota	C. Chairperson of the planning commission
4. Land Reforms	D. The money value of all the final goods and services produced within the economy in one year
5. HYV seeds	E. Improvements in the field of agriculture to increase its productivity
6. Subsidies	F. The monetary assistance given by government for production activities.

1-E, 2-D, 3-B, 4-C, 5-A, 6-F

1-C, 2-D, 3-B, 4-E, 5-F, 6-A

1-C, 2-B, 3-D, 4-E, 5-A, 6-F

1-C, 2-D, 3-B, 4-E, 5-A, 6-F

Your score is

The average score is 64%

Leaderboard – Top Scorers

Check the top scorers here!

Pos.	Name	Score	Duration	Points
1	prisha	100 %	1 minutes 38 seconds	15
2	Jugnu	100 %	1 minutes 41 seconds	15
3	Prisha	93 %	1 minutes 14 seconds	14
4	honey	93 %	2 minutes 10 seconds	14
5	Charu	93 %	3 minutes 18 seconds	14
6	Anuj	93 %	4 minutes 39 seconds	14
7	SHEREENA	87 %	6 minutes 31 seconds	13
8	Meena	87 %	23 minutes 17 seconds	13
9	prisha	80 %	1 minutes 24 seconds	12
10	prisha	80 %	3 minutes 28 seconds	12
11	mghh	80 %	5 minutes 28 seconds	12
12	ghj	73 %	4 minutes 25 seconds	11
13	Mouli Gupta	73 %	4 minutes 50 seconds	11
14	harshini	73 %	5 minutes 46 seconds	11
15	mahadev	73 %	6 minutes 31 seconds	11
16	Drishti Anjna	73 %	23 minutes 32 seconds	11
17	zx	67 %	6 minutes 29 seconds	10
18	Ram	67 %	6 minutes 48 seconds	10
19	ANBUSELVI	60 %	7 minutes 25 seconds	9
20	Navdeep kaur	60 %	7 minutes 46 seconds	9
21	charu	60 %	12 minutes 9 seconds	9
22	n	60 %	17 minutes 56 seconds	9
23	Srisha	53 %	9 minutes 7 seconds	8
24	avani	47 %	2 minutes 22 seconds	7
25	Daksh	47 %	4 minutes 41 seconds	7
26	raj	47 %	6 minutes 51 seconds	7
27	kavya	47 %	7 minutes	7
28	S.k	47 %	7 minutes 47 seconds	7
29	honey	40 %	5 minutes 8 seconds	6
30	Jugnu	40 %	6 minutes 18 seconds	6
31	Priya Rawat	40 %	7 minutes 5 seconds	6
32	Aparna tripathi	40 %	7 minutes 42 seconds	6
33	clamen doss	40 %	15 minutes 21 seconds	6
34	tushar kumar	33 %	23 minutes 16 seconds	5
35	Gourav	27 %	1 minutes 34 seconds	4
36	Shruti Gari	27 %	4 minutes 27 seconds	4

Key Topics Covered in the Quiz

✔ Economic Planning and Five-Year Plans
✔ Industrial Policy and Public Sector Enterprises
✔ Green Revolution and Agricultural Reforms
✔ Trade and Foreign Policies
✔ Role of LPG (Liberalization, Privatization, Globalization)

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

About the Quiz

Why Take This Quiz?

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About the Quiz

Why Take This Quiz?

Leaderboard – Top Scorers

Key Topics Covered in the Quiz

More Class 12 Economics MCQ Quizzes

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