CBSE  /  Class 12  /  Economics  /  Indian Economy 1950-1990

  • 1. 
    In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?

  • Capitalist
  • Socialist
  • Mixed
  • Global

  • 2. 
    Which of the following is the main objective of carrying out various economic activities?

  • Profit
  • Public welfare
  • Competition
  • Equality

  • 3. 
    When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?

  • 1950
  • 1969
  • 1952
  • 1979

  • 4. 
    Which of the following had been responsible for the heavy burden of the deal and its interest?

  • BOP deficit
  • BOP surplus
  • Equilibrium
  • None of these

  • 5. 
    Agriculture sector contributed _______ percent to the GDP in 1990-91.

  • 24.6
  • 34.9
  • 40.5
  • 59.0

  • 6. 
    What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?

  • Multiple cropping
  • Green revolution
  • Crop insurance
  • HYV

  • 7. 
    Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?

  • Independence
  • Planning
  • Colonial rule
  • Green revolution

  • 8. 
    How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?

  • 17
  • 21
  • 15
  • 2
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