This quiz works best with JavaScript enabled. Home > Cbse > Class 12 > Commerce > Economics Indian Economic Development > Class 12 Economics (Indian Economic Development) Chapter 1 Development Experience (1947 90) And Economic Reforms Since 1991 – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 12 Economics (Indian Economic Development) Chapter 1 Development Experience (1947 90) And Economic Reforms Since 1991 Quiz 1 (10 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The main objective of India's foreign trade policy during1950-1990 was: A) Balanced trade. B) Trade liberalization. C) Export promotion. D) Import substitution. Show Answer Correct Answer: D) Import substitution. 2. What was the main objective of the First Five-Year Plan (1951-1956)? A) Social development. B) Industrial development. C) Agricultural development. D) Infrastructure development. Show Answer Correct Answer: C) Agricultural development. 3. Identify the effects of colonial exploitation on the Indian economy. A) Inflow of wealth from Britain. B) Modernization of agriculture. C) Decline of handicraft industries. D) Growth of a strong industrial base. Show Answer Correct Answer: C) Decline of handicraft industries. 4. Which sector was given the highest priority in the Second Five-Year Plan (1956-1961)? A) Agriculture. B) Transport. C) Services. D) Heavy industries. Show Answer Correct Answer: D) Heavy industries. 5. Choose the correct option based on the following statements:Statement-1 The primary objective of British policies in India was to benefit Indian citizens. Statement-2 Indian economy was largely rural and underdeveloped during British rule. A) Both statements are correct. B) Both statements are wrong. C) Statement-1 is true but statement-2 is false. D) Statement-1 is false but statement-2 is true. Show Answer Correct Answer: D) Statement-1 is false but statement-2 is true. 6. According to the Industrial Policy Resolution (IPR) of 1956, which sector was reserved exclusively for the public sector? A) Heavy industries. B) Agriculture. C) Information technology. D) Consumer goods industries. Show Answer Correct Answer: A) Heavy industries. 7. The British colonial government focused on developing heavy industries in India during their rule. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 8. Which of the following is not characteristic of the Indian economy during British rule? A) Predominance of agriculture. B) Well developed modern industries. C) High level of poverty and unemployment. D) Thriving indigenous trade and industries. Show Answer Correct Answer: B) Well developed modern industries. 9. What is a major characteristic of Indian agriculture? A) Small and fragmented land holdings. B) Large-scale use of genetically modified crops. C) High degree of mechanization. D) Use of only organic fertilizers. Show Answer Correct Answer: A) Small and fragmented land holdings. 10. Fill in the Blank:The ..... Act of 1858 marked the direct rule of the British Crown in India. A) Government of India. B) Government of Britain. C) All the above. D) None of the above. Show Answer Correct Answer: B) Government of Britain. Related QuizzesCommerce QuizzesClass 12 QuizzesClass 12 Economics (Indian Economic Development) Chapter 2 Current Challenges Facing The Indian Economy QuizClass 12 Economics (Indian Economic Development) Chapter 3 Development Experience Of India A Comparison With Neighbours Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books