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Class 11 Commerce Indian Economy 1950-1990 — practice questions

Explore 13 free Indian Economy 1950-1990 questions in Class 11 Commerce Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy 1950-1990 questions and exercises with answers

Showing questions 1–13 of 13.

After independence, India pursued economic development through a system of:Read the answer and worked solution →The body set up in 1950 to formulate India's Five Year Plans was the:Read the answer and worked solution →The First Five Year Plan (1951–56) gave the highest priority to the development of:Read the answer and worked solution →The Second Five Year Plan, based on the Mahalanobis model, emphasised the development of:Read the answer and worked solution →The large rise in foodgrain production from high-yielding variety seeds, fertilisers and irrigation is called the:Read the answer and worked solution →The abolition of intermediaries (zamindari) and redistribution of land were measures of:Read the answer and worked solution →The development goal of producing goods domestically instead of importing them is called:Read the answer and worked solution →The type of economy India adopted, combining the public and private sectors, is a:Read the answer and worked solution →In India's planning strategy, the sector given the leading role in industrial development was the:Read the answer and worked solution →As a goal of planning, 'equity' essentially means:Read the answer and worked solution →The legally fixed maximum size of land that a person may own is known as the:Read the answer and worked solution →The portion of agricultural produce that is sold in the market rather than self-consumed is the:Read the answer and worked solution →The long-term goal of reducing dependence on imports and foreign aid is referred to as:Read the answer and worked solution →

Worked practice questions

After independence, India pursued economic development through a system of:

  1. annual budgets only
  2. Five Year Plans
  3. colonial trade policy
  4. complete free markets
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Correct answer: B. Five Year Plans

India adopted planned development via Five Year Plans.

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The body set up in 1950 to formulate India's Five Year Plans was the:

  1. NITI Aayog
  2. Planning Commission
  3. Reserve Bank of India
  4. Finance Commission
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Correct answer: B. Planning Commission

The Planning Commission (1950) formulated the Five Year Plans.

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The First Five Year Plan (1951–56) gave the highest priority to the development of:

  1. agriculture
  2. heavy industry
  3. foreign trade
  4. information technology
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Correct answer: A. agriculture

The First Plan (1951–56) prioritised agriculture.

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