12th Standard CBSE - Economics - Indian Economy and Changes in Different Sectors [1950-1990]

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Question - 1

Under which economy, the goods are distributed among people on the basis of demand and not on what people need?

  • A Capitalist economy
  • B Socialist economy
  • C Mixed economy
  • D Dual economy

Question - 2

Which of the following features is not associated with a socialist economy?

  • A The economy has no private property and everything is owned by the state.
  • B The government decides what to produce, how to produce and for whom to produce.
  • C Incomes are equitably distributed
  • D It is called a free market economy

Question - 3

___ is an economy having elements of both capitalist and socialist economy.

  • A Mixed economy
  • B Socialist economy
  • C Capitalist economy
  • D None of these

Question - 4

In the post-independence period, India adopted a_____approach.

  • A socialist economy
  • B mixed economy
  • C capitalist economy
  • D None of these

Question - 5

When was planning initiated in India?

  • A In 1951
  • B In 1952
  • C In 1950
  • D In 1956

Question - 6

In India____was the Chairperson of Planning Commission.

  • A Director
  • B Chief Minister
  • C President
  • D Prime Minister

Question - 7

___ refers to the maximum size of landholding that an agricultural household can own.

  • A Land reforms
  • B Land ceiling
  • C Landholding
  • D None of the above

Question - 8

The starting of land reforms programmes was set up in the right direction but it could not be successful because of

  • A lack of political will
  • B malafide transfers
  • C inadequate proof of tenancy
  • D All of the above

Question - 9

Green Revolution introduced during the planning process was restricted mainly to crops like

  • A wheat and rice
  • B cereals and pulses
  • C cotton and jute
  • D jowar and bajra

Question - 10

The second phase of Green Revolution started in

  • A mid 60s
  • B mid 70s
  • C mid 80s
  • D mid 90s