These Indian Economy 1950–1990 Important Questions cover the most important MCQs, one-word questions, assertion and reason questions and descriptive questions from NCERT Class 11 Economics Chapter 2. The questions are prepared from NCERT concepts and important exam-oriented topics for quick revision and practice.
This page is useful for UPSC, SSC, PSC, Railway, CUET and Class 11 Economics preparation, helping students revise important concepts related to economic planning, public sector, industrial policy, Green Revolution, trade policy and economic development after independence.
These MCQs from Indian Economy 1950–1990 are designed for quick objective revision and competitive exam preparation. The questions cover important planning policies, industrial development, agriculture reforms and economic strategies discussed in the NCERT chapter.
MCQ 1: After independence, India adopted:
A. Socialist economy only
B. Capitalist economy only
C. Mixed economy
D. Feudal economy
Answer: C. Mixed economy
Page Reference: Page 17
MCQ 2: Economic planning in India was inspired mainly by:
A. British model
B. Soviet Union model
C. Chinese monarchy
D. Colonial system
Answer: B. Soviet Union model
Page Reference: Page 18
MCQ 3: The Planning Commission was established in:
A. 1947
B. 1950
C. 1956
D. 1965
Answer: B. 1950
Page Reference: Page 18
MCQ 4: The main objective of planning in India was:
A. Economic development
B. Reduction of poverty
C. Self-reliance
D. All of these
Answer: D. All of these
Page Reference: Page 18–19
MCQ 5: Which sector was given greater importance in the Second Five Year Plan?
A. Agriculture
B. Heavy industries
C. Banking
D. Trade
Answer: B. Heavy industries
Page Reference: Page 20
MCQ 6: The strategy of industrialisation in India emphasized:
A. Consumer goods only
B. Heavy and capital goods industries
C. Cottage industries only
D. Foreign imports only
Answer: B. Heavy and capital goods industries
Page Reference: Page 20
MCQ 7: The public sector was expanded mainly to:
A. Promote private monopoly
B. Build basic and strategic industries
C. Reduce industrialisation
D. Encourage imports
Answer: B. Build basic and strategic industries
Page Reference: Page 21
MCQ 8: Which policy regulated entry of private industries through licensing?
A. Liberalisation policy
B. Industrial licensing policy
C. Free trade policy
D. Globalisation policy
Answer: B. Industrial licensing policy
Page Reference: Page 21
MCQ 9: The Green Revolution was mainly associated with:
A. Industrial development
B. Agricultural modernisation
C. Banking reforms
D. Foreign trade
Answer: B. Agricultural modernisation
Page Reference: Page 24
MCQ 10: Which crops benefited most from the Green Revolution?
A. Wheat and rice
B. Tea and coffee
C. Cotton and jute
D. Sugarcane and tobacco
Answer: A. Wheat and rice
Page Reference: Page 24
MCQ 11: The Green Revolution mainly used:
A. Traditional seeds only
B. HYV seeds and irrigation
C. Bullock farming only
D. Cottage industries
Answer: B. HYV seeds and irrigation
Page Reference: Page 24
MCQ 12: The policy of import substitution aimed to:
A. Encourage imports
B. Reduce dependence on foreign goods
C. Promote colonial trade
D. Increase luxury imports
Answer: B. Reduce dependence on foreign goods
Page Reference: Page 23
MCQ 13: Self-reliance means:
A. Dependence on imports
B. Dependence on foreign aid only
C. Reducing dependence on foreign countries
D. Exporting only agricultural goods
Answer: C. Reducing dependence on foreign countries
Page Reference: Page 23
MCQ 14: The public distribution system was introduced to:
A. Promote luxury goods
B. Ensure availability of essential goods
C. Encourage imports only
D. Reduce agriculture
Answer: B. Ensure availability of essential goods
Page Reference: Page 25
MCQ 15: Which bank reform took place in 1969?
A. Privatization of banks
B. Nationalisation of banks
C. Closure of banks
D. Foreign ownership of banks
Answer: B. Nationalisation of banks
Page Reference: Page 26
MCQ 16: Bank nationalisation aimed at:
A. Expanding rural credit
B. Supporting development
C. Reducing monopoly control
D. All of these
Answer: D. All of these
Page Reference: Page 26
MCQ 17: Land reforms mainly aimed at:
A. Promoting zamindari
B. Improving conditions of farmers
C. Increasing foreign trade
D. Supporting industrial monopolies
Answer: B. Improving conditions of farmers
Page Reference: Page 22
MCQ 18: The Industrial Policy Resolution of 1956 emphasized:
A. Dominance of public sector
B. Complete privatization
C. Colonial trade
D. Free market only
Answer: A. Dominance of public sector
Page Reference: Page 21
MCQ 19: Which among the following was a limitation of Green Revolution?
A. Regional inequalities
B. Benefits concentrated in few states
C. Environmental issues
D. All of these
Answer: D. All of these
Page Reference: Page 25
MCQ 20: India’s economic policy between 1950 and 1990 mainly focused on:
A. Planned development
B. Self-reliance
C. Public sector growth
D. All of these
Answer: D. All of these
Page Reference: Page 18–26
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These one-word and factual questions help students quickly revise important planning concepts, agricultural reforms and industrial policies from the chapter. The section is especially useful for UPSC, SSC, PSC, Railway, CUET and other objective examinations.
These assertion and reason questions from Indian Economy 1950–1990 help students develop conceptual clarity and analytical understanding of planning, industrialisation, agriculture and public sector policies. They are highly useful for board exams and competitive examinations.
Question 1
Assertion (A): India adopted planned economic development after independence.
Reason (R): Planning was considered necessary for economic growth and poverty reduction.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 18
Question 2
Assertion (A): The Second Five Year Plan emphasized heavy industries.
Reason (R): Industrialisation was considered important for long-term economic growth.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 20
Question 3
Assertion (A): Public sector played major role in Indian economy after independence.
Reason (R): Public sector developed strategic and basic industries.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 21
Question 4
Assertion (A): Industrial licensing was introduced in India.
Reason (R): Government wanted to regulate industrial growth and prevent concentration of wealth.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 21
Question 5
Assertion (A): Green Revolution increased food grain production in India.
Reason (R): HYV seeds, irrigation and fertilizers improved agricultural productivity.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 24
Question 6
Assertion (A): Import substitution promoted self-reliance.
Reason (R): India tried to reduce dependence on foreign imports.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 23
Question 7
Assertion (A): Bank nationalisation expanded rural credit facilities.
Reason (R): Nationalised banks focused more on development and social welfare.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 26
Question 8
Assertion (A): Land reforms were introduced after independence.
Reason (R): Government aimed to improve conditions of farmers and reduce inequality.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 22
Question 9
Assertion (A): Green Revolution created regional inequalities.
Reason (R): Benefits were concentrated in selected regions with irrigation facilities.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 25
Question 10
Assertion (A): India followed mixed economy model after independence.
Reason (R): Both public and private sectors were allowed to operate.
Options:
A. Both A and R are true and R is the correct explanation
B. Both A and R are true but R is not the correct explanation
C. A is true but R is false
D. A is false but R is true
Correct Option: A | Page Reference: Page 17
These important descriptive and analytical questions from Indian Economy 1950–1990 are useful for board examinations and competitive exams. The questions focus on conceptual understanding, planning strategies, industrialisation and agricultural development.