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

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

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Chapter 2-Indian Economy 1950-1990

1 / 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 exploited the people by grossly increasing prices.

They could not compete with international products.

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

2 / 15

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

public sector industries

multinational corporations

public-private industrial partnership

privately owned

3 / 15

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

Tapas Majumdar

Karve

TRYSEM

Mahalanobis

4 / 15

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.

Both A and R are true and R explains A.

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

A is false but R is true.

A is true but R is false.

5 / 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.

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

A is false but R is true.

Both A and R are true and R explains A.

A is true but R is false.

6 / 15

Which of the following statements about the land ceiling policy is TRUE?

The implementation of the legislation was challenged by small tenants.

Many landlords were able to escape the legislation.

It led to equity in the agricultural sector.

It was successful in Kerala and West Bengal because it met no resistance.

7 / 15

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.

A is true but R is false.

Both A and R are true and R explains A.

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

A is false but R is true.

8 / 15

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

High Yielding Varieties (HYV)

Mechanization of Agriculture

Chemical Fertilizers and Pesticides

Organic Fertilizers and Pesticides

2, 3, 4

1, 2, 3

1, 3, 4

1, 2, 4

9 / 15

Before the advent of the Green Revolution in 1960s, India was primarily dependent on _________for the supply of food grains. (Fill in the blank with the correct alternative)

Union of Soviet Socialist Republics (USSR)

Mexico

Britain (United Kingdom)

United States of America (USA)

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

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

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

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

11 / 15

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

Development of infrastructure

Development of small-scale industries

Encouragement of foreign investment

Promotion of large-scale industries

12 / 15

Identify an argument that supports the agricultural subsidies in India.

reduces the gap between the rich and poor farmers

supports fertiliser industries

reduces government spending on agriculture

unpopularity of the HYV seeds

13 / 15

First Industrial Policy Resolution of Independent India was announced in the year______ (Fill in the blank with the correct alternative)

1948

1947

1951

1956

14 / 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.

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).

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

15 / 15

Read the following statements carefully and choose the correct alternatives given below:

Statement 1 – Subsidies do not add any burden on the financial health of a nation.

Statement 2 – Complete removal of subsidies may violate the aim of equitable distribution of income.

Statement 2 is true and Statement 1 is false.

Both statements are true.v

Statement 1 is true and Statement 2 is false.

Both statements are false.

Your score is

The average score is 65%

Leaderboard – Top Scorers

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Pos.	Name	Score	Duration	Points
1	L	100 %	4 minutes 29 seconds	15
2	Chinky	93 %	4 minutes 48 seconds	14
3	hi	93 %	6 minutes 11 seconds	14
4	..	87 %	3 minutes	13
5	Anuj	87 %	3 minutes 12 seconds	13
6	athi	87 %	4 minutes 49 seconds	13
7	hema	87 %	4 minutes 55 seconds	13
8	ABCD	87 %	5 minutes 23 seconds	13
9	Hardik	80 %	3 minutes 8 seconds	12
10	Abc	80 %	3 minutes 26 seconds	12
11	NETHRA	80 %	8 minutes 10 seconds	12
12	disha	80 %	8 minutes 37 seconds	12
13	Devashree	73 %	3 minutes 44 seconds	11
14	Liza	73 %	14 minutes 59 seconds	11
15	Rashi	67 %	3 minutes 46 seconds	10
16	Rashi	67 %	4 minutes 1 seconds	10
17	Xyz	67 %	7 minutes 8 seconds	10
18	Rupali	67 %	7 minutes 39 seconds	10
19	Sourabh	67 %	8 minutes 41 seconds	10
20	yasha jadaun	60 %	4 minutes 31 seconds	9
21	Ecology	60 %	5 minutes	9
22	]ll\	60 %	5 minutes 17 seconds	9
23	Padit ji	60 %	5 minutes 58 seconds	9
24	suba	53 %	3 minutes 30 seconds	8
25	sneha	53 %	6 minutes 56 seconds	8
26	Mysterious	53 %	11 minutes 37 seconds	8
27	xyz	47 %	4 minutes 4 seconds	7
28	Devansh	33 %	1 minutes 39 seconds	5
29	manish	33 %	3 minutes 47 seconds	5
30	harsh	33 %	3 minutes 50 seconds	5
31	Shruti	33 %	4 minutes 4 seconds	5
32	aki	33 %	4 minutes 50 seconds	5
33	lelllaallllllllllllllllla	27 %	7 minutes 45 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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Also See: On the Face of It: Key Questions and Answers for Class 12 English

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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1 thought on “Indian Economy 1950-1990 Class 12 MCQ Quiz – Test Your Knowledge!”

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