G12 ECO BOARD EXAM PRACTICE 2

G12 ECO BOARD EXAM PRACTICE 2

9th - 12th Grade

20 Qs

quiz-placeholder

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G12 ECO BOARD EXAM PRACTICE 2

G12 ECO BOARD EXAM PRACTICE 2

Assessment

Quiz

Other

9th - 12th Grade

Hard

Created by

sarojini sunu

FREE Resource

20 questions

Show all answers

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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