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CBSE Class 12 (Arts) Indian Economy on the Eve of Independence & Reforms — practice questions

Explore 66 free Indian Economy on the Eve of Independence & Reforms questions in CBSE Class 12 (Arts) Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy on the Eve of Independence & Reforms questions and exercises with answers

Showing questions 1–30 of 66.

In which year was India's Planning Commission set up to survey resources and frame plans?Read the answer and worked solution →Which of these was NOT one of the four goals of India's five year plans?Read the answer and worked solution →Who is regarded as the architect of Indian planning because the Second Plan used his ideas?Read the answer and worked solution →Which Calcutta institute did P.C. Mahalanobis found?Read the answer and worked solution →The market value of all final goods and services produced in a country in a year is called what?Read the answer and worked solution →Adopting new technology, such as new seed varieties or machines, to raise output is called what?Read the answer and worked solution →What did self-reliance as a planning goal mean in practice?Read the answer and worked solution →A plan goal stressing that basic needs are met and wealth inequality is reduced is known as what?Read the answer and worked solution →For how many of the early plans was self-reliance given importance?Read the answer and worked solution →Land reforms in agriculture primarily refer to a change in what?Read the answer and worked solution →What does a land ceiling fix?Read the answer and worked solution →Before independence, the land tenure system was characterised by which rent-collecting group?Read the answer and worked solution →Land reforms were notably successful in which pair of states?Read the answer and worked solution →The green revolution was based on which input for wheat and rice?Read the answer and worked solution →In the first phase of the green revolution, HYV seeds mainly benefited which crop?Read the answer and worked solution →When did the second phase of the green revolution occur?Read the answer and worked solution →The part of farm produce that farmers sell in the market is called what?Read the answer and worked solution →Roughly what share of the population depended on agriculture at independence?Read the answer and worked solution →By 1990, about what per cent of the population still depended on agriculture?Read the answer and worked solution →Industry's share of GDP rose from 13 per cent in 1950-51 to what in 1990-91?Read the answer and worked solution →What annual growth rate did the industrial sector record during the first seven plans?Read the answer and worked solution →How many categories did the Industrial Policy Resolution of 1956 divide industries into?Read the answer and worked solution →Under the licensing system, what was required before starting a new industrial unit?Read the answer and worked solution →Why was it easier to get a licence for a unit in a backward area?Read the answer and worked solution →The 1955 committee that noted small industries' role in rural development was named after whom?Read the answer and worked solution →In 1950, a small-scale unit could invest at most how much in assets?Read the answer and worked solution →Why were small-scale industries favoured for generating jobs?Read the answer and worked solution →A trade strategy that replaces imports with domestic production is called what?Read the answer and worked solution →Protection of domestic industry from imports took which two forms?Read the answer and worked solution →Limits on the quantity of a good that may be imported are called what?Read the answer and worked solution →

Worked practice questions

In which year was India's Planning Commission set up to survey resources and frame plans?

  1. 1947
  2. 1961
  3. 1956
  4. 1950
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Correct answer: D. 1950

The Planning Commission was created in 1950, and the First Five-Year Plan followed in 1951.

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Which of these was NOT one of the four goals of India's five year plans?

  1. Growth in output
  2. Equity in income
  3. Self-reliance
  4. Monopoly control
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Correct answer: D. Monopoly control

The plans aimed at growth, modernisation, self-reliance and equity; monopoly control was never a stated goal.

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Who is regarded as the architect of Indian planning because the Second Plan used his ideas?

  1. M. Visvesvaraya
  2. V.K.R.V. Rao
  3. Amartya Sen
  4. P.C. Mahalanobis
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Correct answer: D. P.C. Mahalanobis

The statistician Prasanta Chandra Mahalanobis laid down the Second Plan's basic ideas on goals and strategy.

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