Indian Economy 1950-1990

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

What are the years of India’s 12th five-year plan?

• A. 1997–2002

• B. 2002–2007

• C. 2007–2012

• D. 2012–2017

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

The father of high yielding variety seeds is considered to be Norman Borlaug.

• True

• False

When was the planning commission set up in India?

• A. 5th March 1951

• B. 25th April 1950

• C. 20th March 1951

• D. 15th March 1950

industries were the focus for the second five-year plan.

• True

• False

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

• (A) Capitalist

• (B) Socialist

• (C) Mixed

• (D) Global

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

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

• (A) Independence

• (B) Planning

• (C) Colonial rule

• (D) Green revolution

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

• (A) 17

• (B) 21

• (C) 15

• (D) 2