This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 2 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. In which year was the Planning Commission set up in India? A) 1947. B) 1948. C) 1949. D) 1950. Show Answer Correct Answer: D) 1950. 2. Which sector contributes the most to India's GDP? A) Mining. B) Agriculture. C) Industry. D) Services. Show Answer Correct Answer: D) Services. 3. Which of the following is the main objective of carrying out various economic activities for serving society? A) Profit. B) Public welfare. C) Competition. D) Equality. Show Answer Correct Answer: B) Public welfare. 4. In a capitalist society the goods produced are distributed among people not on the basis of what people need but on the basis of what people can afford and are willing to purchase. This A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 5. IDENTIFY THE CORRECT ANSWER FROM THE ALTERNATIVES PROVIDED.BOTH TISCO AN RELIANCE INDUSTRIES ARE OWNED BY: A) THE GOVERNMENT. B) PRIVATE COMPANY. C) A COOPERATIVE SOCIETY. D) JOINTLY BY PRIVATE AN THE GOVERNMENT. Show Answer Correct Answer: C) A COOPERATIVE SOCIETY. 6. Jet Airways is an example of A) Service Sector. B) Private Sector. C) Public Sector. D) All of these. Show Answer Correct Answer: B) Private Sector. 7. What is the term used to describe the change in the share of agriculture, industry, and service sectors as a country develops? A) Economic shift. B) Structural change. C) Industrial revolution. D) Market transition. Show Answer Correct Answer: B) Structural change. 8. Strategy of growth between 1951-1990 focused on: A) Import substitution. B) Export promotion. C) Leading role of public sector enterprises. D) Both I and III option. Show Answer Correct Answer: D) Both I and III option. 9. Schedule ..... comprise of industries which is exclusively by State. A) A. B) B. C) C. D) None of theses. Show Answer Correct Answer: A) A. 10. What was the primary focus of the First Five-Year Plan (1951-1956) A) Agriculture and rural development. B) Foreign investment. C) Heavy industries and public sector. D) Tourism and trade. Show Answer Correct Answer: A) Agriculture and rural development. 11. Consolidation of holding refers to: A) Conversion of scattered into a unified holding. B) Take over of small holdings by the government. C) Provision of inputs for higher output. D) All of these. Show Answer Correct Answer: A) Conversion of scattered into a unified holding. 12. GDP I is the sum of A) All the goods and services produced in a year. B) All the final goods and services produced in a year. C) All the intermediate goods produced in a year. D) All the services produced in a year. Show Answer Correct Answer: B) All the final goods and services produced in a year. 13. At independence, about ..... of the country's population was dependent on agriculture. A) 70%. B) 75%. C) 65%. D) 80%. Show Answer Correct Answer: B) 75%. 14. What was the period of the 12th five-year plan of India? A) 2012 to 2017. B) 2007 to 2012. C) 2017 to 2022. D) 2010 to 2015. Show Answer Correct Answer: A) 2012 to 2017. 15. What can be a Good Example Of Think-tank in the following. A) To solve classroom related issues, the teacher forms a group of students. this group discusses the problems and finds solutions to it. B) To solve classroom related issues, teacher forms a group with other teachers in the staff room to discuss the problems and find solutions to it. C) All the above. D) None of the above. Show Answer Correct Answer: A) To solve classroom related issues, the teacher forms a group of students. this group discusses the problems and finds solutions to it. 16. The Indian IT outsourcing service market is expected to witness 6-8% growth between 2021 and 2024. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: B) True. 17. Self reliance means A) Avoiding imports. B) Produce goods in India which are imported from abroad. C) Export promotion. D) None of these. Show Answer Correct Answer: B) Produce goods in India which are imported from abroad. 18. Which one of the following example is an example of Optional Money? A) Currency Note. B) Coins. C) Cheque. D) Bond. Show Answer Correct Answer: C) Cheque. 19. On which commission's recommendations; Reserve Bank of India was established? A) Chamberlain Commission. B) Hilton Young Commission. C) Keynes Commission. D) None of the above. Show Answer Correct Answer: B) Hilton Young Commission. 20. It is a conscious design to shape the socio-economic processes in order to achieve an objective A) Economic infrastructure. B) Economic growth. C) Economic planning. D) Economic development. Show Answer Correct Answer: C) Economic planning. 21. What as the prime target of the first five-year plan of India? A) Development of Agriculture. B) Development of the industries. C) Development of infrastructure. D) Development of ports. Show Answer Correct Answer: A) Development of Agriculture. 22. Give any two examples of primary activities? A) Animal rearing and lumbering. B) Making cars. C) Manufacturing off chair. D) None of the above. Show Answer Correct Answer: A) Animal rearing and lumbering. 23. In which year did india have its highest growth rate A) 2007-12. B) 1980-91. C) 2014-15. D) 2012-13. Show Answer Correct Answer: C) 2014-15. 24. Which of the following is considered an indirect tax in India? A) Income Tax. B) Corporate Tax. C) Wealth Tax. D) Goods and Services Tax (GST). Show Answer Correct Answer: D) Goods and Services Tax (GST). 25. Protection and support of unorganised sector is needed for the ..... development of the people A) Economic. B) Economic and Social. C) Social. D) Mental. Show Answer Correct Answer: B) Economic and Social. ← PreviousNext →Related QuizzesClass 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 1Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 3Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 4Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 5Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 6Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 7Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 8Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 9Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 10Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books