
G12 ECO BOARD EXAM PRACTICE 2
Authored by sarojini sunu
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9th - 12th Grade

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20 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the main characteristic of India's economic system from 1950-1990?
Complete free market capitalism
Strong government control over major decisions
Fully privatized industries
Deregulated markets
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which economic system did India adopt that combined aspects of both capitalism and socialism?
Pure socialism
Pure capitalism
Mixed economy
Free market system
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Planning Commission was established in:
1947
1948
1949
1950
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Three Central Problems of an economy discussed in the video were:
What to produce, how to produce, for whom to produce
Where to produce, when to produce, why to produce
Who to produce, what to import, what to export
How much to save, how much to invest, how much to spend
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was P.C. Mahalanobis known as?
Father of Indian Planning
Architect of Indian Economy
Father of Indian Statistics
Architect of Indian Planning
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The Industrial Policy Resolution of 1956 divided industries into how many schedules?
Two
Three
Four
Five
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the investment limit for Small Scale Industries in 1950 according to the Karve Committee?
2 lakhs
3 lakhs
4 lakhs
5 lakhs
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