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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:

Correct Answer: A) Import substitution.

2. What was the main objective of the First Five-Year Plan (1951-1956)?

Correct Answer: B) Agricultural development.

3. Identify the effects of colonial exploitation on the Indian economy.

Correct Answer: C) Decline of handicraft industries.

4. Which sector was given the highest priority in the Second Five-Year Plan (1956-1961)?

Correct Answer: B) 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.

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?

Correct Answer: A) Heavy industries.

7. The British colonial government focused on developing heavy industries in India during their rule.

Correct Answer: B) False.

8. Which of the following is not characteristic of the Indian economy during British rule?

Correct Answer: B) Well developed modern industries.

9. What is a major characteristic of Indian agriculture?

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.

Correct Answer: B) Government of Britain.

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