Economics Indian Economy MCQ Question Answers for Various Entrance Exams

 

1. the first phase of the green revolution started in Mid of
a.
b.
c.
d.

2. A good indicator of economic growth, in the language of economics, is steady increase in the ______________
a.
b.
c.
d.

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

4. When was planning Commission set up?
a.
b.
c.
d.

5. Adoption of new technology is called _____________
a.
b.
c.
d.

6. The GDP of a country is derived from the different sectors of the economy from
a.
b.
c.
d.

7. Which Of the Following is Incorrect in case of HYV?
a.
b.
c.
d.

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

9. Land reforms were successful in _______ because these states had governments committed to the policy of land to the tiller
a.
b.
c.
d.

10. The low productivity of the agricultural sector forced India to import food from ___________
a.
b.
c.
d.

11. 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
a.
b.
c.
d.

12. 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
a.
b.
c.
d.

13. The portion of agricultural produce which is sold in the market by the farmers is called ___________
a.
b.
c.
d.

14. _________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.
a.
b.
c.
d.

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

16. Between 1950-1990, There were two well managed iron and steel firms in India:
a.
b.
c.
d.

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

18. What Prevented firms from becoming More Efficient?
a.
b.
c.
d.

19. 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
a.
b.
c.
d.

20. Industrial Policy Resolution 1956 helped in: -
a.
b.
c.
d.


 


 
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