WorksheetsINDIAN ECONOMY 1950-1990
Total questions: 31
Worksheet time: 15mins
Tick the correct options
In a capitalist society the goods produced are distributed among people not on the basis of what people need but on the basis of Purchasing Power.
In a socialist society, the government decides what goods are to be produced in accordance with the needs of society.
In a mixed economy, the market will provide whatever goods and services it can produce well, and the government will provide essential goods and services which the market fails to do.
If the economy depends on the market forces of supply and demand, it is called a market economy or capitalism.
Perspective plan is a
short term plan
long term plan
Who is regarded as the architect of Indian planning?
MS Swaminathan
Prasanta Chandra Mahalanobis
Fixing the maximum size of land which could be owned by an individual is called?
Land fragmentation
Land ceiling
Land consolidation
Land upgradation
Why did farmers in Soviet Union pack rotten fruits with fresh fruits in the same box?
Farmers were not aware.
Farmers were not trained.
In the absence of ownership. farmers did not have the incentive to be efficient.
Farmers did it purposefully to spoil all fruits.
Tick mark all the requirements to reap the benefits of Green Revolution.
Fertilizers and pesticides
High Yieding Variety seeds
Regular supply of water
Adequate Finance
The portion of agricultural produce which is sold in the market by the farmers is called?
Excess surplus
Marketable surplus
Agricultural produce
Exports
Subsidies do not allow prices to indicate the supply of a good. True/False?
True
False
According to Industrial Policy Resolution, 1956, following industries were part of Schedule A:
Arms and ammunition
Chemical industry
atomic energy
railways
shipbuilding
Under Import substitution trade policy:
Instead of exporting vehicles made in india to foreign countries, industries would be encouraged to import them.
Instead of importing vehicles made in a foreign country, industries would be encouraged to produce them in India itself.
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
(a) is the Chairman of the Planning Commission.
Full employment and equitable distribution of income and wealth are the (a) period objectives of planning in India.
Full employment and equitable distribution of income and wealth are the (a) period objectives of planning in India.
(a) were introduced to make tillers the owners of the land and bring about equity in agriculture
Import Substitution policy was introduced to protect (a) from foreign competition.
Under Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned and controlled by the private sector and the state.
True
False
Quotas are a tax on imported goods while tariffs specify the number of goods which can be imported.
True
False
Which of the following statements regarding high yielding variety (HYV) seeds are correct?
i) The use of these seeds requires neither the use of fertilisers nor the pesticides.
ii) Dependence on regular supply of water is eliminated.
iii) In the first phase of the green revolution(mid 1960s upto mid 1970s), the use of HYV seeds primarily benefited the wheat growing regions only while In the second phase (mid-1970s to mid-1980s), the HYV technology benefited more variety of crops.
iv) In the first phase of the green revolution, the use of HYV seeds was restricted to the more affluent states such as Punjab, Andhra Pradesh and Tamil Nadu.
a) i and iii
b) iii and iv
c) i, ii, iii and iv
d) ii, iii and iv
Land reforms were successful in the following because these states had government committed to the policy of 'land to the tiller'
a) kerala
b) west bengal
c) karnataka
d) both a and b
e) both b and c
Eliminating subsidies will eliminate the goal or equity
true
false
Which of the following is not included in land reforms?
land ceiling
abolition of intermediaries
consolidation of land holdings
use of HYV seeds
