Online Test — Indian Economy (1950–1990)
15 Questions • 15 min • Chapter MCQ
15:00
Question 1 of 15
After independence, India became a:
Pure capitalist economy
Mixed economy
Pure socialist economy
Closed economy
Explanation: India chose a mixed economy.
Question 2 of 15
The Planning Commission was set up in:
1947
1950
1956
1991
Explanation: The Planning Commission was set up in 1950.
Question 3 of 15
In 2015 the Planning Commission was replaced by:
NITI Aayog
RBI
WTO
SEBI
Explanation: NITI Aayog replaced the Planning Commission in 2015.
Question 4 of 15
Which is NOT a goal of Indian planning?
Growth
Self-reliance
Equity
Colonial trade
Explanation: The goals are growth, modernisation, self-reliance and equity.
Question 5 of 15
The First Five-Year Plan (1951–56) focused on:
Agriculture
Heavy industry
Services
Defence
Explanation: The First Plan prioritised agriculture.
Question 6 of 15
The Second Five-Year Plan (1956–61) focused on:
Agriculture
Heavy industry (Mahalanobis model)
Tourism
Exports
Explanation: The Second Plan focused on heavy industry.
Question 7 of 15
Ending the zamindar class so the tiller could own land is:
Abolition of intermediaries
Land ceiling
Consolidation
Green Revolution
Explanation: Abolition of intermediaries (zamindari abolition).
Question 8 of 15
Fixing a maximum amount of land a person can own is the:
Land ceiling
Tenancy reform
Consolidation
Tariff
Explanation: A land ceiling sets the maximum holding.
Question 9 of 15
The Green Revolution used:
High-yielding variety (HYV) seeds
Old seeds only
No fertiliser
No irrigation
Explanation: It used HYV seeds with fertilisers and irrigation.
Question 10 of 15
The Green Revolution mainly raised the output of:
Wheat and rice
Steel
Oil
Cars
Explanation: It raised wheat and rice output.
Question 11 of 15
The Green Revolution made India self-sufficient in:
Food grains
Machinery
Oil
Gold
Explanation: It achieved food-grain self-sufficiency.
Question 12 of 15
The Industrial Policy Resolution of 1956 gave the lead to the:
Public sector
Private sector
Foreign firms
Zamindars
Explanation: IPR 1956 gave the public sector the commanding heights.
Question 13 of 15
Producing goods at home instead of importing them is:
Import substitution
Globalisation
Privatisation
Liberalisation
Explanation: That strategy is import substitution.
Question 14 of 15
The system requiring a government permit to start or expand industry was the:
Licence raj
Green Revolution
Land ceiling
Buffer stock
Explanation: The licensing system was called the licence raj.
Question 15 of 15
A major drawback of protecting industry from competition was:
Inefficiency and poor-quality, high-cost goods
Too much competition
Falling prices
No industry at all
Explanation: Protection bred inefficiency and poor quality.