Indian Economy 1950 to 1990 MCQs
Indian Economy 1950–1990 – MCQs with Answers & Explanations
Class: CBSE Class 11
Subject: Economics
Section: Indian Economy 1950–1990
Topic: Indian Economy 1950 to 1990
Board: CBSE Board Examinations
Subject: Economics
Section: Indian Economy 1950–1990
Topic: Indian Economy 1950 to 1990
Board: CBSE Board Examinations
These Multiple Choice Questions (MCQs) are designed strictly as per the NCERT syllabus, making them ideal for CBSE Class 11 Board Examination preparation. Each question includes detailed explanations for clear conceptual understanding.
1. India adopted planned economic development in:
Answer: B
The Planning Commission was set up in 1950 to design development strategies.
The Planning Commission was set up in 1950 to design development strategies.
2. The First Five‑Year Plan began in:
Answer: C
Launched in 1951 focusing mainly on agriculture.
Launched in 1951 focusing mainly on agriculture.
3. The main objective of planning was:
Answer: B
Balanced growth and social justice were key goals.
Balanced growth and social justice were key goals.
4. The Mahalanobis model focused on:
Answer: B
Second Plan prioritised capital goods industries.
Second Plan prioritised capital goods industries.
5. Green Revolution began in:
Answer: B
Introduced HYV seeds, fertilisers and irrigation.
Introduced HYV seeds, fertilisers and irrigation.
6. Industrial Policy Resolution 1956 emphasised:
Answer: B
Public sector led industrialisation.
Public sector led industrialisation.
7. License Raj refers to:
Answer: B
Industries required government licenses.
Industries required government licenses.
8. Import substitution aimed to:
Answer: B
Domestic production replaced foreign goods.
Domestic production replaced foreign goods.
9. Land reforms targeted:
Answer: B
Abolition of zamindari improved equity.
Abolition of zamindari improved equity.
10. Public sector role was to:
Answer: B
It built core industries & infrastructure.
It built core industries & infrastructure.
11. Economic system adopted was:
Answer: C
Both public & private sectors coexisted.
Both public & private sectors coexisted.
12. Small‑scale industries were promoted for:
Answer: B
Labour‑intensive jobs creation.
Labour‑intensive jobs creation.
13. Poverty ratio remained:
Answer: B
Growth was modest.
Growth was modest.
14. GDP growth called:
Answer: A
Low ~3.5% annual growth.
Low ~3.5% annual growth.
15. Agriculture strategy relied on:
Answer: A
Green Revolution tools.
Green Revolution tools.
16. Foreign trade policy was:
Answer: B
Tariffs protected domestic firms.
Tariffs protected domestic firms.
17. Banking nationalisation occurred in:
Answer: B
To expand rural credit.
To expand rural credit.
18. Planning aimed at:
Answer: A
Balanced regional development.
Balanced regional development.
19. Industrial licensing led to:
Answer: B
Red‑tapism slowed growth.
Red‑tapism slowed growth.
20. Overall growth phase described as:
Answer: B
Growth occurred but at modest pace.
Growth occurred but at modest pace.