Indian Economy (1950-1990)) - PART II
Authored by Lopa Raval
Arts
9th - 12th Grade
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many industries have been reserved exclusively for the public sector under Industrial Policy Resolution, 1956?
(A) 17
(B) 21
(C) 15
(D) 2
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In 1955, the Karve Committee was constituted. What was the aim of Karve Committee?
Development of public sector industries.
Development of large scale industries.
Development of small scale industries.
Development of private sector industries.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Industrial licensing policy introduced during 1950-1990 aimed at _________________
Expansion of industries in backward regions.
Promotion of regional equality.
Checking undue expansion of industrial sector.
All of the above.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is not an objective of Import substitution during 1950-1990?
Protection of domestic industries from foreign competition.
To save foreign exchange reserves.
Decreasing taxes on all imported goods.
Substituting imports with domestic production.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inward looking trade strategy is also known as policy of……….
import relaxation
import substitution
import promotion
none of these
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is correct about Industrial sector in India?
It is more stable than Agriculture sector
It is less stable than Agriculture sector
Most of the population work under Industrial sector
none of these
Answer explanation
Industry provides employment which is more stable than the employment in agriculture.
Agriculture depends on the environment and that' why its most unstable.
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What were the reasons for the public sector to undertake the task of developing the industrial sector? (Select more than one answer)
Industrialists did not have capital
Objective welfare
Government wanted to tighten the control
Indian market was large so government can profit from it.
Answer explanation
Industrialist did not have capital and there were no incentives which could attract them to setup the industries as Indian market was not big enough for consumer goods.
Indian Government was following policies on socialist lines, so objective welfare was one of the aim.
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