MCQ Questions Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics

Please refer to MCQ Questions Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Economics issued for the current academic year. We have provided MCQ Questions for Class 11 Economics for all chapters on our website. Students should learn the objective based questions for Chapter 2 Indian Economy (1950 – 1990) in Class 11 Economics provided below to get more marks in exams.

Chapter 2 Indian Economy (1950 – 1990) MCQ Questions

Please refer to the following Chapter 2 Indian Economy (1950 – 1990) MCQ Questions Class 11 Economics with solutions for all important topics in the chapter.

MCQ Questions Answers for Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics

Question. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
a) Multiple cropping
b) Green revolution
c) Crop insurance
d) HYV

Question. The economy in which Central Authority plans all the important activities can be termed as
a) Mixed Economy
b) Socialist Economy
c) Capitalist Economy
d) Developing Economy

Question. ______ spells out how the resources of a nation are put to use 
a) Plan
b) Feedback
c) Economic system
d) Policy

Question. The objective of equity can be achieved by:
a) reducing gap between rich and poor
b) reducing poverty
c) Both a) and b)
d) None of the above

Question. Equity aims at 
a) Equitable distribution
b) Economic growth
c) Modernization
d) All of the above

Question. Which one of these is a central problem of an economy?
a) What to produce
b) How to produce
c) When to produce
d) For whom to produce

Question. Which one of the following , is not a goal of the Planning Commission ?
a) Economic Growth
b) Equity
c) Resource conservation
d) Self-reliance

Question. When was the Planning Commission set up in India?
a) 1952
b) 1950
c) 1964
d) 1975

Question. When was NITI Aayog established?
a) 1991
b) 2001
c) 2011
d) 2015

Question. Which of the following is not a goal of five year plan ?
a) Growth
b) Equity
c) Land reforms
d) Modernisation

Question. _______ economy is the economy in which means of production are owned, controlled and operated by the government.
a) Mixed
b) Socialist
c) Capitalist
d) None of these

Question. First time the objective of self-reliance was incorporated in the ____ Five year plan
a) First
b) Second
c) Third
d) Fifth

Question. The portion of agricultural produce which the farmer actually sells in the market after satisfying his domestic need is called 
a) Profitable
b) Marketed Surplus
c) Cost surplus
d) None of the above

Question. New Agricultural strategy was also knows as:
a) While revolution
b) Agricultural revolution
c) Green revolution
d) Land revolution

Question. Small scale industries today defined as all those industries in which maximum investment is
a) Less than Five Lakh
b) Less than Ten Lakh
c) Twenty Crore
d) Less than ten Crore

Question. Infant mortality rate fall due to
a) Better health facilities
b) No change in health facilities 
c) Poor health facilities
d) All of these

Question. _______ refers to means avoiding imports of goods which could be produced in India 
a) Equity
b) Modernization
c) Self reliance
d) Economic growth

Question. The four goals of five-year plans include which of the following 
a) Growth ;
b) Modernization
c) Self-reliance
d) All of the above

Question. Small scale units are differentiated from large scale units on the basis of:
a) Volume of output
b) Amount of investment
c) Volume of sale
d) Size of unit area

Question. Capitalist Economy is controlled and operated by:
a) Private sector
b) Public sector
c) Both a) and b)
d) Neither a) nor b)

Question. The licensing policy aimed at
a) Promoting regional equality
b) check undue expansion of industrial sector
c) bothe a) and b)
d) None of the above

Question. Rate of economic growth is measured by rate of change in:
a) Nominal GDP
b) Read GDP
c) DP at current price
d) Any one of the above

Question. What does HYVP stand for?
a) High Yielding Varieties Products
b) High Yielding Various Programme
c) High Yielding Varieties Programme
d) High Yielding Various Products

Question. Which of the following is the main objective of carrying out various economic activities?
a) Profit
b) Public welfare
c) Competition
d) Equality

Question. In which year, Industrial Policy Resolution was adopted?
a) 1956
b) 1950
c) 1965
d) 1953

Question. For the growth of___________, use of HYV seeds was beneficial.
a) Rice
b) Barley
c) Wheat
d) Pulses

Question. The portion of agricultural produce that is sold in the market by farmers is known as.
a) Trade deficit
b) Marketed surplus
c) Subsidy
d) Import substitution

Question. How much percent of India’s population was dependent on agriculture during independence?
a) 75%
b) 50%
c) 85%
d) 65%

Question. Life expectancy in 1991 was
a) 63 year
b) 62 year
c) 61 year
d) 65 year

Question. In 1950-1951,gross area under cultivation was ___crore hectare which now has shot up to __crore hectare.
a) 15,17
b) 13,19
c) 10,20
d) None of the above

Question. Which one of the following measures was not a part of tenancy reforms?
a) fixation of land ceiling
b) regulation of rent
c) ownership rights for tenants
d) security of tenure

Question. All the state government imposed land ceiling in 1960 except
a) North-western
b) North-eastern
c) South-eastern
d) South-western

Question. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
a) 1950
b) 1969
c) 1952
d) 1979

Question. Planning commission was set up in which year in India?
a) 5th March, 1951
b) 25th April, 1951
c) 20th March, 1951
d) 15th March, 1950

Question. Who is the ex-officio chairman of the planning commission
a) Governor
b) President 
c) Vice-President
d) Prime Minister

Question. Difference in export and import is known as
a) BOA
b) BOT
c) BOC
d) BOP

Question. To protect goods produced in India from imports, Government made use of
a) Quotas
b) Tariffs
c) Export Promotion
d) All of these

Question. Schedule __ comprise of industries which would be exclusively owned by the state.
a) A
b) B
c) C
d) None of these

Question. In India exports are encouraged through
a) Any one of these
b) Relief in taxes
c) Subsidies
d) Concessional bank credit

Read the following statement given below and choose the correct alternative

Question. Assertion(A)- After independence, India adopted inward looking trade strategy which is called import substitution
Reason ( R)- Import substitution was highly regulatory and restrictive in nature
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not

Read the following statement given below and choose the correct alternative

Question. Assertion ( A)- Economic planning means coordination and utilisation of available resources in an economy
Reason ( R)- Economic planning is undertaken by the private sector in an economy
a) Both assertion and reason are true. Reason is the correct explanation of assertion
b) Both assertion and reason are true. Reason is not the correct explanation of assertion
c) Assertion is true but reason is not
d) Reason is true but assertion is not

Read the following statement given below and choose the correct alternative

Question. Statement 1- Small scale industries are more capital intensive
Statement 2- Industrial policy resolution formed the basis of second five year plan
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct

Read the following statement given below and choose the correct alternative

Question. Statement 1- Small scale industries were important for employment generation
Statement 2- Small scale industries contributed in foreign trade
a) Both are correct
b) Both are incorrect
c) Statement 1 is correct and statement 2 is incorrect
d) Statement 1 is incorrect and statement 2 is correct