This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 22 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 22 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Father of Green Revolution of the world A) Norman Berk. B) Norman Borlaug. C) Dr.Manmohan singh. D) M.S. Swaminathan. Show Answer Correct Answer: B) Norman Borlaug. 2. NO.11 WHEN WAS PLANNING COMMISSION ESTABLISHED A) 25 MARCH 1951. B) 15 MARCH 1951. C) 5 MARCH 1951. D) 20 MARCH 1951. Show Answer Correct Answer: B) 15 MARCH 1951. 3. What is the trade-strategy, which India adopted in the first-seven five-year plans? A) Partially inward-looking trade strategy. B) Partially outward looking trade strategy. C) Inward looking trade strategy. D) Outward looking trade strategy. Show Answer Correct Answer: C) Inward looking trade strategy. 4. Green revolution introduced during the planning process was restricted mainly to A) Wheat and rice. B) Cotton and jute. C) Cereals and pulses. D) Jawar and bajra. Show Answer Correct Answer: A) Wheat and rice. 5. How many % out of our 140 crore population pays direct income taxes? A) 12%. B) 8%. C) 2%. D) 6%. Show Answer Correct Answer: D) 6%. 6. Which agricultural season in India begins in June/July and ends in October/November? A) Kharif. B) Rabi. C) None of these. D) None of the above. Show Answer Correct Answer: A) Kharif. 7. What does the term 'Economic System' refer to? A) A method of political governance. B) An arrangement to solve central problems of an economy. C) A type of social structure. D) A system of cultural beliefs. Show Answer Correct Answer: B) An arrangement to solve central problems of an economy. 8. What percentage of India's population depends on agriculture for their livelihood? A) More than 50%. B) Between 40-50%. C) Between 30-40%. D) Less than 30%. Show Answer Correct Answer: A) More than 50%. 9. Where is the headquarters of ASEAN? A) Bali. B) Jakarta. C) Manila. D) Singapore. Show Answer Correct Answer: B) Jakarta. 10. Who is the Architect of Indian Planning? A) Prasanta Chandra Mahalanobis,. B) V K V RAO. C) Dr B R Ambedkar. D) Mahamta Gandhi. Show Answer Correct Answer: A) Prasanta Chandra Mahalanobis,. 11. Assertion:Capitalist economy has the motive of profit maximization.Reason:Capitalist economy has no intervention of Government. A) Both assertion and reason are true and reason is the correct explanation of assertion. B) Assertion and reason are true but reason is not the correct explanation of assertion. C) Assertion is true, reason is false. D) Assertion is false, reason is true. Show Answer Correct Answer: B) Assertion and reason are true but reason is not the correct explanation of assertion. 12. Dualism in manufacturing refers to A) Urban-rural disparity. B) Coexistence of formal and informal sectors. C) Agricultural dominance. D) Public-private partnerships. Show Answer Correct Answer: B) Coexistence of formal and informal sectors. 13. Who had formulated the Employees Provident Fund Scheme? A) The State Government. B) ESIC. C) The Central Government. D) Medical Benefit Council. Show Answer Correct Answer: C) The Central Government. 14. The main internal sources of industrial finance in India include public deposits and loans from commercial banks. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. How many countries of the world are currently members of the WTO? A) 164. B) 167. C) 155. D) 132. Show Answer Correct Answer: A) 164. 16. The two phases of growth refer to A) 1950-1970 and 1970-1990. B) 1950-1980 and 1980 onwards. C) 1947-1965 and 1965 onwards. D) 1980-1991 and 1991 onwards. Show Answer Correct Answer: B) 1950-1980 and 1980 onwards. 17. Who can declare a financial emergency in the country? A) Finance Minister of India. B) President of India. C) Lok Sabha Speaker. D) Chief Justice of Supreme Court. Show Answer Correct Answer: B) President of India. 18. Subsidies do not allow prices to indicate the supply of a good. True/False? A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: A) True. 19. Who is the current chairman of the SEBI? A) U.K. Sinha. B) Ajay Tyagi. C) T.S.Vijayan. D) A. K. Mathur. Show Answer Correct Answer: B) Ajay Tyagi. 20. Industrialisation has no impact on the development of other sectors like agriculture and transport. A) False. B) True. C) All the above. D) None of the above. Show Answer Correct Answer: A) False. 21. IPR-1956 laid emphasis on the role of ..... sector. A) Private. B) Public. C) All the above. D) None of the above. Show Answer Correct Answer: B) Public. 22. Shortage of raw cotton is not a significant problem for the textile industry in India. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 23. Which country is the fourth-largest economy in the world in terms of nominal GDP? A) Britain. B) Germany. C) Japan. D) Russia. Show Answer Correct Answer: B) Germany. 24. The Industrial licensing policy introduced during 1950-1990 aimed at ..... A) Expansion of industries in backward regions. B) Promotion of regional equality. C) Checking undue expansion of industrial sector. D) All of the above. Show Answer Correct Answer: D) All of the above. 25. THE FRENCH TRAVELLER ..... DESCRIBED SEVENTEENTH CENTURY IN BENGAL. A) VICTOR ALEXANDRA VRUCE. B) BRUCE LEE. C) BERNIER. D) NONE OF THE ABOVE. Show Answer Correct Answer: C) BERNIER. ← 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 2Class 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 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books