Economics MCQ Class 12 Chapter 2 Part B | Indian Economy 1950-1990 | Economics Quiz for Class 12 and Other Competitive Exams

Economics MCQ Class 12 Chapter 2 Part B: Check the below NCERT MCQ Questions for Economics MCQ Class 12 Chapter 2 Part B with Answers Pdf free download. Economics MCQ Class 12 Chapter 2 Part B Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 12 Chapter 2 Part B with Answers to help students understand the concept very well.

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Economics MCQ Class 12 Chapter 2 Part B

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1. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
(A) 1950
(B) 1969
(C) 1952
(D) 1979

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2. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
(A) Multiple cropping
(B) Green revolution
(C) Crop insurance
(D) HYV

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3. Which of the following is the main objective of carrying out various economic activities?
(A) Profit
(B) Public welfare
(C) Competition
(D) Equality

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4. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
(A) 17
(B) 21
(C) 15
(D) 2

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5. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
(A) Independence
(B) Planning
(C) Colonial rule
(D) Green revolution

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6. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
(A) Capitalist
(B) Socialist
(C) Mixed
(D) Global

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7. Agriculture sector contributed _______ percent to the GDP in 1990-91.
(A) 24.6
(B) 34.9
(C) 40.5
(D) 59.0

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8. Which of the following had been responsible for the heavy burden of the deal and its interest?
(A) BOP deficit
(B) BOP surplus
(C) Equilibrium
(D) None of these

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9. Planning in India started with a heavy reliance on the _______ sector.
(A) Public
(B) Private
(C) Both Public and Private
(D) None of these

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10. Full employment and equitable distribution of income and wealth are the _______ period objectives of planning in India.
(A) long
(B) short
(C) medium
(D) None of these

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