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

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

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    606 views5 pages
    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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    Ch-2-True False

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    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.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    606 views5 pages

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

    Uploaded by

    social sites
    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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    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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