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Chapter-2-Indian Economy 1950-1990: True False Questions

This document contains 20 true/false questions about the Indian economy between 1950-1990. It tests knowledge about key economic policies and indicators during this period of India's history. Some true statements include that the rise in industry's share of GDP indicates development; land ceiling policies aimed to promote equity in agriculture; and small-scale industries promoted balanced regional growth. False statements include that the President chaired the Planning Commission and that import promotion policies aimed to save foreign exchange. The answers to all the true/false questions are provided at the end.

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1K views5 pages

Chapter-2-Indian Economy 1950-1990: True False Questions

This document contains 20 true/false questions about the Indian economy between 1950-1990. It tests knowledge about key economic policies and indicators during this period of India's history. Some true statements include that the rise in industry's share of GDP indicates development; land ceiling policies aimed to promote equity in agriculture; and small-scale industries promoted balanced regional growth. False statements include that the President chaired the Planning Commission and that import promotion policies aimed to save foreign exchange. The answers to all the true/false questions are provided at the end.

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© © All Rights Reserved
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CHAPTER-2-INDIAN ECONOMY 1950-1990

TRUE FALSE QUESTIONS

1 The President of India was the chairman of planning commission of india.


(A) True
(B) False
2 The rise in the industry’s share of GDP is an important indicator of development.
(A) True
(B) False
3 Modernisation is the process of replacing the outdated technology in place of the old one.
(A) True
(B) False
4 In 1950 a small -scale industrial unit was one which invested a maximum of rupees five lakh.
(A) True
(B) False
5 Land ceiling was a policy to promote equity in the agricultural sector.
(A) True
(B) False

1|Page 8 October 2021,ZIET BHUBANESWAR


6 Socialist economy was adopted by India as an economic system after independence.

(A) True
(B) False
7 The Prime Minister was chairman of the Planning Commission set up in 1950.
(A) True
(B) False
8 The purpose of land ceiling was to concentrate land ownership in few hands.
(A) True
(B) False
9 According to Industrial Policy Resolution, 1956 the industries were classified into three categories.
(A) True
(B) False
10 Land reforms were successful in the states of Kerala and West Bengal.
(A) True
(B) False
11 In 1955, Karve Committee was established to promotion of Agriculture with modern technology.
(A) True
(B) False
12 Under Industrial Policy Resolution (IPR), 1956, Category II of the industrial sector includes industries jointly owned
and controlled by the private sector and the state.
(A) True
(B) False
13 Marketed surplus refers to the Portion of agriculture produce which is sold by the producer.
(A) True
(B) False
14 Inward looking trade policy aim at substituting imports with domestic production.
(A) True
(B) False
15 Mechanism of Indian Agriculture was main cause of Green Revolution of India.
(A) True
(B) False
16 Industrialisation leads to structural change in the economy.
(A) True
(B) False
17 Growth of industry absorb the surplus force of agriculture.
(A) True
(B) False
18 SSI promotes balanced regional growth
(A) True
(B) False
19 The policy of import promotion focuses on saving foreign exchange
(A) True
(B) False
20 SSI promotes equity
(A) True
(B) False
ANSWERS
Multiple Choice question
Q.No Answer
1 B-False
2 A-TRUE
3 B-False
4 A-TRUE
5 A-TRUE
6 (b) False
7 (a) True
8 (b) False
9 (a) True
10 (a) True
11
B-FALSE
12
A-TRUE
13
A-TRUE
14
A-TRUE
15
A-TRUE
16 A- TRUE
17 A- TRUE
18 A- TRUE
19 B-FALSE
20 A- TRUE

PREPIRED BY : PGT ECONOMICS OF BHUBANESWAR, GUWAHATI, KOLKATA, RANCHI,


SILCHAR AND TINSIKIA REGION.

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