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12th Grade > Economics - 2

POST INDEPENDENCE MCQs

Total Questions : 30 | Page 3 of 3 pages
Question 21. What was the term of the plans developed by the Soviet State?
  1.    3 years
  2.    5 years
  3.    7 years
  4.    10 years
 Discuss Question
Answer: Option B. -> 5 years
:
B
The plans were five-year plans (FYP).
Question 22. The theory whereby nascent industries in the country remain protected from external competition with the help of tools like tariffs and quotas is called___
 
 Discuss Question

:
The Infant Industry Argument argues that nascent industries in the country should remain protected from external competition with the help of tools like tariffs and quotas
Question 23. Who organised into a Communist Party in the Russian Revolution?
  1.    The industrialists
  2.    The doctors
  3.    The workers
  4.    The politicians
 Discuss Question
Answer: Option C. -> The workers
:
C
The Russian revolution was led by the Communist Party which comprised the workers/labourers.
Question 24. For the Green Revolution to succeed, it was not enough that farmers use HVY seeds. What else would they require?
  1.    Manure
  2.    Irrigation
  3.    Both a and b
  4.    None of the above
 Discuss Question
Answer: Option C. -> Both a and b
:
C
Farmers required both better irrigation and fertilisers (manure).
Question 25. When was the planning commission set up ?
  1.    1949
  2.    1950
  3.    1959
  4.    1850
 Discuss Question
Answer: Option B. -> 1950
:
B
The planning commission was set up in 1950.
Question 26. Which of the following was the first land reform?
  1.    Abolition of land tax
  2.    Introduction of land cess
  3.    Abolition of Zamindari system
  4.    Imposition of land quotas
 Discuss Question
Answer: Option C. -> Abolition of Zamindari system
:
C
The abolition of the Zamindari system was the first major reform.
Question 27. Which of the following countries followed communist model and developed at a fast rate?
  1.    USA
  2.    Britain
  3.    Japan
  4.    Russia
 Discuss Question
Answer: Option D. -> Russia
:
D
Russia adopted communist model, and witnessed very rapid development.
Question 28. Abolition of intermediaries and "Land Ceiling" are a part of:
  1.    Industrial reforms in India
  2.    External sector reforms in India
  3.    Land reforms in India
  4.    Banking reforms in India
 Discuss Question
Answer: Option C. -> Land reforms in India
:
C
Abolition of intermediaries and Land Ceiling are a part of Land Reforms in India.
Question 29. Which of these sectors did the first plan focus on?
  1.    Finance
  2.    Railways
  3.    Roads
  4.    Power
 Discuss Question
Answer: Option D. -> Power
:
D
Power and agriculture were the sectors the first plan focused on.
Question 30. Which of the following bodies was responsible for the preparation of the five-year plans?
  1.    Finance Ministry
  2.    Home Ministry
  3.    Planning Commission
  4.    Indian Institute of Planning
 Discuss Question
Answer: Option C. -> Planning Commission
:
C
Planning Commission was in-charge of coming up with FYPs.

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