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12th Grade > Economics - 2

POST INDEPENDENCE MCQs

Total Questions : 30 | Page 1 of 3 pages
Question 1. How many sectors do we broadly classify the economy into?
  1.    2
  2.    3
  3.    4
  4.    5
 Discuss Question
Answer: Option B. -> 3
:
B
The economy is generally classified into 3 sectors.
Question 2. When did the Russian Revolution take place?
  1.    1915
  2.    1916
  3.    1917
  4.    1918
 Discuss Question
Answer: Option C. -> 1917
:
C
The revolution took place in 1917.
Question 3. The period when agriculture in India was undergoing several important changes like the introduction of HYV seeds and better irrigation is known as:
  1.    Yellow revolution
  2.    Green revolution
  3.    Crop Revolution
  4.    Agro Revolution
 Discuss Question
Answer: Option B. -> Green revolution
:
B
This phase is called the “Green Revolution”.
Question 4. Which one of the following bodies was set up to oversee matters of higher education?
  1.    College Education Committee
  2.    University Grants Commission
  3.    Institutional Funds for Higher Education
  4.    Council for Promotion of Education
 Discuss Question
Answer: Option B. -> University Grants Commission
:
B
The University Grants Commission was set up.
Question 5. Which of the following states were majorly impacted by the Green Revolution?
  1.    Punjab
  2.    Gujarat
  3.    Madhya Pradesh
  4.    Rajasthan
 Discuss Question
Answer: Option A. -> Punjab
:
A
Punjab emerged as one of the top gainers from the Green Revolution.
Question 6. Which of the following are some effects of the Green Revolution?
  1.    Landlessness
  2.    Increased inequality
  3.    Better crops
  4.    All of the above
 Discuss Question
Answer: Option D. -> All of the above
:
D
All the above are effects of the Green Revolution.
Question 7. The fifth plan, which was launched in Indira Gandhi’s regime, laid focus on:
  1.    Unemployment
  2.    Poverty
  3.    Malnourishment
  4.    Education
 Discuss Question
Answer: Option B. -> Poverty
:
B
Eradication of poverty was the main goal of the fifth plan.
Question 8. Which of the following describes “structural change” of the economy?
  1.    Change in age composition of the population
  2.    Change in shares of sectors’ contributions to GDP
  3.    Change from labour-abundant t capital-abundant economy
  4.    None of the above
 Discuss Question
Answer: Option B. -> Change in shares of sectors’ contributions to GDP
:
B
Structural change of the economy is characterised by change in the contribution of each sector to the GDP.
Question 9. Which model did Indian leaders like Nehru and Patel finally decide to adopt?
  1.    Socialist
  2.    Capitalist
  3.    Communist
  4.    Mixed economy
 Discuss Question
Answer: Option D. -> Mixed economy
:
D
India adopted the mixed economy model of planning to get the advantages of both sides of the spectrum.
Question 10. Which of the following was not a goal of FYPs?
  1.    Growth
  2.    Efficiency
  3.    Equity
  4.    Self-reliance
 Discuss Question
Answer: Option B. -> Efficiency
:
B
Efficiency was not a goal of the planning process.

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