CUET 2024 Economics Indian Economy MCQ Question Answers

1. The GDP of a country is derived from the different sectors of the economy from

2. In _______, the Planning Commission was set up with the Prime Minister as its Chairperson. The era of five-year plans had begun

3. Protection from imports took two forms: ______ on imported goods make imported goods more expensive and discourage their use _____ specify the quantity of goods which can be imported

4. What Prevented firms from becoming More Efficient?

5. Land reforms were successful in _______ because these states had governments committed to the policy of land to the tiller

6. Adoption of new technology is called _____________

7. This refers to the large increase in production of food grains resulting from the use of high yielding variety (HYV) seeds especially for ______

8. At independence, about ______of the country’s population was dependent on agriculture.

9. Industrial Policy Resolution 1956 helped in: -

10. It is generally agreed that it was necessary to use _______to provide an incentive for adoption of the new HYV technology by farmers in general and small farmers in particular

11. The abolition of intermediaries meant that some _____tenants came into direct contact with the government they were thus freed from being exploited by the zamindars

12. _________was another policy to promote equity in the agricultural sector. This means fixing the maximum size of land which could be owned by an individual.

13. The low productivity of the agricultural sector forced India to import food from ___________

14. A good indicator of economic growth, in the language of economics, is steady increase in the ______________

15. Between 1950-1990, There were two well managed iron and steel firms in India:

16. the first phase of the green revolution started in Mid of

17. At the time of independence, the land tenure system was characterised by intermediaries variously called ________

18. Which Of the Following is Incorrect in case of HYV?

19. The portion of agricultural produce which is sold in the market by the farmers is called ___________

20. When was planning Commission set up?