Relevant Titles:
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Indian Economy (1950–1990) Class 12 Economics MCQs with Answers
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CBSE Class 12 Economics Online Test – Indian Economy 1950 to 1990
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NCERT-Based Class 12 Economics MCQs on Indian Economy (1950–1990)
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Class 12 Economics MCQs – Indian Economy Growth (1950–1990)
Introduction:
Strengthen your CBSE Class 12 Economics preparation with this online MCQ practice test on “Indian Economy (1950–1990).” This chapter from Part B: Indian Economic Development focuses on the key features, planning strategies, and structural changes in the Indian economy during the pre-reform period.
These MCQs are designed strictly as per the latest NCERT Class 12 Economics syllabus, ensuring perfect alignment with the CBSE board exam pattern. The quiz covers essential topics such as the role of the public sector, features of India’s Five-Year Plans, agricultural and industrial development, import substitution policy, and the mixed economy model.
With automatic scoring and instant feedback, this online test helps students assess their knowledge, improve accuracy, and prepare effectively for exams. Ideal for self-study, classroom practice, or last-minute revision, it offers a comprehensive and exam-oriented experience.
Master the foundational years of India’s economic development with this NCERT-based online MCQ test on Indian Economy (1950–1990) and boost your confidence for the CBSE Class 12 Economics board exams.
Sample MCQs with Explanations:
1. The First Five-Year Plan of India mainly focused on:
A) Heavy industries
B) Agriculture and irrigation
C) Trade liberalization
D) Urban infrastructure
✅ Answer: B) Agriculture and irrigation
💡 Explanation: The First Five-Year Plan (1951–56) prioritized agriculture to address food shortages and boost rural income.
2. The Indian economy after 1950 adopted which type of economic model?
A) Capitalist
B) Socialist
C) Mixed economy
D) Communist
✅ Answer: C) Mixed economy
💡 Explanation: India followed a mixed economy model combining public sector control with private enterprise participation.
3. The main objective of the Second Five-Year Plan (1956–61) was:
A) Industrialization
B) Green Revolution
C) Export promotion
D) Rural development
✅ Answer: A) Industrialization
💡 Explanation: The Second Plan emphasized rapid industrialization based on the Mahalanobis model for long-term growth.
4. Import substitution policy aimed to:
A) Increase exports
B) Reduce dependence on imports
C) Encourage foreign investment
D) Promote service sector
✅ Answer: B) Reduce dependence on imports
💡 Explanation: The policy encouraged domestic production to replace imported goods and strengthen self-reliance.
5. The term “License Raj” refers to:
A) Agricultural reforms
B) Industrial licensing system
C) Foreign trade policy
D) Land reforms
✅ Answer: B) Industrial licensing system
💡 Explanation: “License Raj” described India’s pre-1991 system where industries required multiple licenses to operate, limiting efficiency.
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