This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 2 Indian Economy (1950 1990) Quiz 4 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Evaluate the below statements related to land reforms.i) Just a year after independence, steps were taken to abolish intermediaries and to make the tillers the owners of land.ii) The purpose of land ceiling was to keep the concentration of land ownership in the hands of a selected few.Which of the above are correct? A) Only i. B) Only ii. C) Both i and ii. D) Neither i nor ii. Show Answer Correct Answer: A) Only i. 2. What option does the central government not include in the development expenditure? A) Grants to states. B) Expenditure on social and community services. C) Expenditure on economic services. D) Defence expenditure. Show Answer Correct Answer: D) Defence expenditure. 3. What was the purpose of the Industrial Policy Revolution 1956? A) To bring structural change. B) To bring changes in the social outlook. C) To promote regional equality. D) To substitute imports with domestic production. Show Answer Correct Answer: C) To promote regional equality. 4. Who introduced Permanent Settlement system? A) Robert Clive. B) The Company. C) Thomas Munro. D) Lord Cornwallis. Show Answer Correct Answer: D) Lord Cornwallis. 5. The first five year plan was launched for a period from A) 1948-1953. B) 1959-1954. C) 1951-1956. D) 1955-1960. Show Answer Correct Answer: C) 1951-1956. 6. The first phase of green revolution spanned approximately between A) Mid 1950s upto mid 1960s. B) Mid 1960s upto mid 1970s. C) 1980s. D) 1960-1970. Show Answer Correct Answer: B) Mid 1960s upto mid 1970s. 7. The Industrial Policy Resolution was adopted in ..... A) 1954. B) 1958. C) 1956. D) 1952. Show Answer Correct Answer: C) 1956. 8. What was the deficit of India's current-account balance as a percentage of GDP? A) 2.8%. B) 5%. C) 3.6%. D) 4.4%. Show Answer Correct Answer: D) 4.4%. 9. Why was the World Bank established? A) To promote the International Trade. B) To reconstruct the economies damaged during the Second World War. C) To improve the adverse Balance of Payment situation of the nonmember countries. D) None of the above. Show Answer Correct Answer: B) To reconstruct the economies damaged during the Second World War. 10. Which seeds are called miracle seeds? A) Traditional seed. B) British Seed. C) S.Y.V seed. D) H.Y.V seed. Show Answer Correct Answer: D) H.Y.V seed. 11. WHO CARRIES ECONOMIC ACTIVITIES? A) INDIVIDUALS. B) FIRMS. C) GOVERNMENT. D) ALL OF THE ABOVE. Show Answer Correct Answer: D) ALL OF THE ABOVE. 12. Abolition of intermediaries and land ceiling are part of: A) Industrial reforms in India. B) External sector reforms in India. C) Land reforms in India. D) Banking reforms in India. Show Answer Correct Answer: C) Land reforms in India. 13. Public sector enterprises are driver largly by considaration of: A) Profit. B) Social welfare. C) Either i or ii option. D) None of these. Show Answer Correct Answer: B) Social welfare. 14. In which year new economic reforms introduced in India? A) 1981. B) 1980. C) 1991. D) 1990. Show Answer Correct Answer: C) 1991. 15. A MAN WORKS AT RESTAURANT ON A CONTRACT BASIS AN GETS MEAGRE SALARY AFTER WORKING THE ENTIRE DAY. HE DOESN'T GET ANY HOLIDAYS OR PAID LEAVES, RATHER HIS EMPLOYER DEDUCTS HIS SALARY WHENEVER HE IS ABSENT FROM HIS WORK. FIND OUT IN WHICH OF THE FOLLOWING SECTORS HE IS WORKING? A) PRIMARY SECTOR. B) ORGANIZED SECTOR. C) UNORGANIZED SECTOR. D) SERVICE SECTOR. Show Answer Correct Answer: C) UNORGANIZED SECTOR. 16. What is the year of India's 12th 5-year plan? A) 2012-2017. B) 2007-2017. C) 1951-1056. D) 2002-2007. Show Answer Correct Answer: A) 2012-2017. 17. Name the journal started by Mahalanobis. A) Prakrati. B) Arthvyavstha. C) Shakha. D) Sankhya. Show Answer Correct Answer: D) Sankhya. 18. If a person is ready to work at the prevailing wage rate in the market, but he is unable to find the work, then what type of unemployment would it be called? A) Voluntary unemployment. B) Involuntary unemployment. C) Seasonal unemployment. D) None of the above. Show Answer Correct Answer: B) Involuntary unemployment. 19. Schedule B of IPR 1956 includes: A) Those industries which are reserved for public sector. B) Those industries which are open for both public and private sectors. C) Residual industries. D) Industries in which only Small-Scale Industries can enter. Show Answer Correct Answer: B) Those industries which are open for both public and private sectors. 20. What is the right formula to know the unemployment rate? A) Total number of unemployed / total labour force X 100. B) Total labour force / Total number of unemployed x 100. C) Total number of unemployed / total labour force x 1000. D) Total labour force / Total number of unemployed x 1000. Show Answer Correct Answer: A) Total number of unemployed / total labour force X 100. 21. What is the other name of Permanent settlement? A) Ryotwari. B) Zamindari. C) Mahalwari. D) None of the above. Show Answer Correct Answer: B) Zamindari. 22. Five year plan idea was adopted from which country A) China. B) Japan. C) Russia. D) Brazil. Show Answer Correct Answer: C) Russia. 23. Subsistence farming is a form of farming in which the crops are produced to provide for the basic needs of the ..... A) Relatives. B) Friends. C) Family. D) Foreign country. Show Answer Correct Answer: C) Family. 24. Which of the following was a part of the green revolution strategy? A) High yielding variety seeds. B) Chemical fertilizers and pesticides. C) Irrigation. D) All the above. Show Answer Correct Answer: D) All the above. 25. Investments made in a country by Multi National Companies is called ..... A) Internal Investment. B) Local Investment. C) Foreign Investment. D) None of the above. Show Answer Correct Answer: C) Foreign Investment. ← 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 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