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

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

• Assertion (A): Many public sector undertakings incurred huge losses due to operational inefficiencies.
• Reason (R): Red-tapism was one of the reasons for the continuation of such enterprises.

Select the correct alternative from the following:

What was the purpose of the import substitution policy in India?

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.

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

First Industrial Policy Resolution of Independent India was announced in the year______ (Fill in 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)

What is the definition of quota?

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.

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

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:

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.

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.

Identify an argument that supports the agricultural subsidies in India.