Please refer to Chapter 2 Indian Economy 1950 – 1990 MCQ Class 11 Economics with answers below. These multiple-choice questions have been prepared based on the latest NCERT book for Class 11 Economics. Students should refer to MCQ Questions for Class 11 Economics with Answers to score more marks in Grade 11 Economics exams. Students should read the chapter Indian Economy 1950 – 1990 and then attempt the following objective questions.

MCQ Questions Class 11 Economics Chapter 2 Indian Economy 1950 – 1990

The Indian Economy 1950 – 1990 MCQ Class 11 Economics provided below covers all important topics given in this chapter. These MCQs will help you to properly prepare for exams.

Question. Protection of domestic industries took the form of:
a) Quotas
b) Tariffs
c) Both (a) and (b)
d) None of the above

Question. Land ceiling refers to
a) Fixing the maximum size of land owned by the owner
b) Abolition of intermediaries
c) Portion of agricultural produce sold in the market
d) None of the above

Question. The common goals of the five year plans are:
a) Modernisation
b) Growth
c) Self-reliance
d) All of the above

Question. From the following which is not the goals of planning India :
a) Growth
b) Correcting BOP
c) Self-reliance
d) None of the above

Question. Self-reliance is does not include
a) To reduce our dependence on foreign countries, especially for food
b) To reduce our dependence on foreign countries, especially for defense items
c) Avoiding imports of those goods which could be produced in India itself
d) To reduce the foreign interference in our policies

Question. During the initial stages of planning, special concession were given to the industries producing goods to be used as substitutes for imported goods. This strategy was named as:
a) Inward looking trade strategy
b) Outward looking trade strategy
c) Export promotion strategy
d) None of the above

Question. ___________ refers to fixing the specified limits of land, which could be owned by an individual.
a) Consolidation of holdings
b) Cooperative farming
c) Tariff
d) Land ceiling

Question. Industrial Policy Resolution of 1956 to classify the industries in category was adopted to
a) To promote regional equality
b) To protect the domestic industry
c) To increase the role of public sector
d) All of the above

Question. License to expand production under industrial policy was given was given only
a) When government is convinced that it can earn huge taxes
b) When the industry can earn handsome foreign exchange
c) When government was convinced that the economy required a larger quantity of goods
d) To reduce the role of public sector

Question. Which factor led to the breaking up of the stagnation of agriculture?
a) Land reforms
b) Green revolution
c) Buffer stocks
d) Land ceiling

Question. Marketed surplus refers to the
a) Portion of agricultural produce which is sold in the market by the farmers
b) Portion of agricultural product which is sold by the government in the market
c) Earning of the farmers which is left with the farmers
d) Portion of agricultural product which is left with the farmer after selling in the market

Question. Schedule A comprises of industries which would be exclusively owned by __________.
a) Government
b) Private Sector
c) Both (a) and (b)
d) None of these

Question. Inward looking trade strategy is also known as a policy of ___________.
a) Import relaxation
b) Import substitution
c) Import promotion
d) None of these

Question. Five year plans has put a lot of emphasis in the growth of Industries because
a) Industries provide more stable employment than agriculture
b) Promotes modernization
c) Growth of economy
d) All of above

Question. In 1955, the Village and Small-Scale Industries Committee, also called the Karve Committee, noted  the possibility of using small-scale industries to
a) Increase the role private sector
b) To increase the taxes
c) Both A and B
d) To generate employment in rural areas

Question. Land reforms were successful in following states
a) Kerala and west Bengal
b) West Bengal and Karnataka
c) Tamil Nadu and Kerala
d) Punjab and Kerala

Question. Maximum limit to start small scale in present scenario is
a) 5 lakh
b) 50 lakh
c) 1 crore
d) 5 crore

Question. The economic system adopted in India is ___________.
a) Mixed
b) Capitalist
c) Socialist
d) Both (a) and (c)

Question. Green revolution introduced during the planning process was restricted mainly to:
a) Wheat and rice
b) Cereals and pulses
c) Cotton and jute
d) Jowar and bajra

Question. Importance to self-reliance was given up till which five year plan
a) First 6 years plan
b) First 5 years plan
c) First 7 year plan
d) First 8 years plan

Question. Before Green revolution introduced during the planning process india was at the mercy of this country for meeting nation’s food requirements
a) America
b) China
c) British
d) Russia

Question. __________ refers to an arrangement by which central problems of an economy are solved.
a) Economic system
b) Mixed economy
c) Modernisation
d) Socialist economy

Question. A good indicator of growth is steady increase in the
a) Gross domestic product
b) Net domestic product
c) Population
d) National income

Question. Who is known as the architect of ‘Indian Planning’?
a) Jawaharlal Nehru
b) DR. BR Ambedkar
c) PC Mahalanobis
d) Sardar Vallabh bhai Patel

Question. The First Five Year Plan was based on :
a) DAGMAR Model
b) Harod-Domar Model
c) 20 Point Model
d) Fountain Model

Question. The central problems of an economy are :
a) What to produce
b) How to produce
c) For whom to produce
d) All of these

Question. Import substitution refers to a policy of substitution of imports by ________ production.
a) Domestic
b) Foreign
c) State
d) District

Question. An ______________ is a system of production and exchange of goods and services.
a) Economy
b) Economic
c) Eco System
d) Environment

Question. Self-reliance means avoiding:
a) Exports
b) Imports
c) Both (a) and (b)
d) None of the above

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