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

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

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.

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.

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

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

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:

Identify an argument that supports the agricultural subsidies in India.

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.

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.

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

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:

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)

Identify the correct combination of the ‘Goals of Indian Five-Year Plans’:

What is the definition of quota?

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.