Class 12 Economics MCQ Questions Indian Economy 1950-1990 with Answers were prepared based on the latest syllabus and exam pattern. We should keep in mind the need for significant MCQ Questions when we are studying that we need them for better understanding the ideas after we have got done with studying.
Significant MCQ Questions for class 12 give a framework about how we should study. So, we can answer our paper with a particular goal in mind - the way that will get us the higher marks. The class 12 Indian Economy significant inquiries will help you by telling you the best way to outline your answers to such an extent that full stamps are ensured for you. We have given Indian Economy on the Eve of Independence Class 12 Economics MCQ Questions with Answers to assist understudies with understanding the idea well overall.
Let's Start Practice of given Multiple Choice Questions for scoring high in the exam: -
1. 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
2. Which of the following is the main objective of carrying out various economic activities?
(A) Profit
(B) Public welfare
(C) Competition
(D) Equality
3. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
(A) 1950
(B) 1969
(C) 1952
(D) 1979
4. Which of the following had been responsible for the heavy burden of the deal and its interest?
(A) BOP deficit
(B) BOP surplus
(C) Equilibrium
(D) None of these
5. Agriculture sector contributed ___ percent to the GDP in 1990-91.
(A) 24.6
(B) 34.9
(C) 40.5
(D) 59.0
6. 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
7. When was the Planning Commission set up in India?
(a) 1952
(b) 1950
(c) 1964
(d) 1975
8. Which economy produces the goods that can be sold in the domestic or foreign market for profit motive?
(a) Capitalist economy
(b) Socialist economy
(c) Mixed Economy
(d) None of the above
9. Who was the Chairperson of the Planning Commission of India ?
(a) President of India
(b) Finance Minister of India
(c) Prime Minister of India
(d) Governor of RBI
10. Which one of the following , is not a goal of the Planning Commission ?
(a) Economic Growth
(b) Equity
(c) Resource conservation
(d) Self-reliance
11. In the language of economics, which one of the following is a good-indicator of economic growth?
a) GDP
b) NDP
c) GNP
d) NNP
12. What is the term used for the policy ,which promote setting up of an upper limit of the land that could be owned by a landowner ?
(a) Land Fragmentation
(b) Land Ceiling
(c) Land Cultivation
(d) Land Tilling
13..Name the two states in which land-reform were successful ?
(a) Maharashtra and Tamil Nadu
(b) Karnataka and West Bengal
(c) Uttar Pradesh and Bihar
(d) West Bengal and Kerala
14. Which of the following statements is true about the licensing policy followed by the Indian Economy in the 1950-1990 era?
(a) It helped to promote regional equality in the industry
(b) It helped to check the undue expansion of the industrial sector
(c) It helped to promote regional equality in the industry as well as to check the undue expansion of the industrial sector
(d) None of the above
15. Which of the following is the main differentiation between the small scale units and large scale units?
(a) The amount of investment
(b) The volume of output
(c) The size of the unit area
(d) The volume of sale
16. What was the main reason behind the private sector not coming forward to start the capital goods industries?
(a) The private sector suffered from a lack of capital
(b) The private sector suffered from a lack of demand for their finished goods
(c) The private sector suffered from a lack of capital as well as a lack of demand for their finished goods
(d) None of the above
