MCQ Questions Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics

Please refer to MCQ Questions Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics with answers provided below. These multiple-choice questions have been developed based on the latest NCERT book for class 11 Economics issued for the current academic year. We have provided MCQ Questions for Class 11 Economics for all chapters on our website. Students should learn the objective based questions for Chapter 2 Indian Economy (1950 – 1990) in Class 11 Economics provided below to get more marks in exams.

Chapter 2 Indian Economy (1950 – 1990) MCQ Questions

Please refer to the following Chapter 2 Indian Economy (1950 – 1990) MCQ Questions Class 11 Economics with solutions for all important topics in the chapter.

MCQ Questions Answers for Chapter 2 Indian Economy (1950 – 1990) Class 11 Economics

Question. In which year was the Planning Commission was set up in India?
a) 1947
b) 1948
c) 1949
d) 1950 

Question.Strategic Industries were under the control of ……….under IPR 1956.
a) Public sector
b) Private sector
c) producing sector
d) None of these 

Question.What percentage of India lived in villages at the time of independence?
a) 80%
b) 70%
c) 85%
d) 75% 

Question.When did the first cotton mill,jutemill,coal mine started in India.
a) 1855-60
b) 1850-55
c) 1940-45
d) 1900-1907

Question.Which of the following is an Indicator of economic development in an economy?
a) Increase in National Income
b) Increase in per-capita Income
c) Increase in population
d) All the above 

Question.What percentage of India was literate at the time of independence?
a) 12%
b) 7%
c) 40%
d) 16% 

Question.What percentage of India was dependent on agriculture at the time of independence?
a) 60%
b) 80%
c) 70%
d) 90%

Question.Refers to increase in the country’s capacity to produce the output of goods and serviceswithin the country. 
a) Modernisation
b) Production
c) Development
d) Growth 

Question.Means fixing the maximum size of land which could be owned by an individual.
a) Land reforms
b) Land ceiling
c) Zamindari
d) Land holdings 

Question.When was TISCO incorporated in India?
a) 1907
b) 1850
c) 1853
d) 1921

Question.Which year is regarded as defining year to mark demographic transition from one to another?
a) 1921
b) 1881
c) 1853
d) 1941 

Question.what was the growth rate of GDP during British Rule?
a) 2%
b) 3%
c) 4%
d) 5% 

Question.What was the growth rate of per capita income during British rule?
a) 2%
b) 3%
c) 4%
d) 0.5% 

Question.What was life expectancy of India at the time of independence.
a) 32 yrs
b) 52yrs
c) 63yrs
d) 28yrs 

Question.What was Infant Mortality rate of India at the time of Independence.
a) 214 per thousand
b) 218 per thousand
c) 216 per thousand
d) 260 per thousand 

Question. What was the literacy rate for women of India at the time of independence?
a) 12 %
b) 7%
c) 40%
d) 16% 

Question.Which of the following sentences gives best description of the Indian economy during British rule.
a) India was an agrarian economy
b) India was stagnant economy
c) India was an agrarian economy with rapidly growing population in mass poverty and illiteracy.
d) India was a poor economy. 

Question.When was the ,’Village and Small scale Industries Committee,’set up.
a) 1955
b) 1958
c) 1949
d) 1950 

Question. In which of the following state did land reforms succeed the most?
a) Punjab
b) Haryana
c) Tamil Nadu
d) West Bengal 

Question.When was railways introduced in India?
a) 1907
b) 1850
c) 1853
d) 1921 

Question. When was first census operation conducted in India?
a) 1907
b) 1881
c) 1853
d) 1941 

Question.When British left India,it was:
a) A flourishing economy
b) Having a strong Industrial base
c) Having a strong infrastructure
d) suffering from massive poverty. 

Question.When did Bengal famine take place?
a) 1927
b) 1861
c) 1943
d) 1941

Question.What is meant by GDP?
a) It refers to total value of Investment made in a year.
b) it is sum of all final goods and services produced in an economy in a financial year.
c) It is national Income divided by population.
d) it is foreign investment made in a year. 

Question.Which economic system is based upon the market forces of demand and supply.
a) Capitalism
b) Socialism
c) Mixed
d) Monarchy 

Question.Who was the first chairperson of the Planing commission of India.
a) JawalLal Nehru
b) Rajendra Prasad
c) DadabhaiNaroji
d) R.C Desai. 

Question.Which of the following is a goal of five years plan?
a) Growth
b) Modernisation
c) self-reliance
d) All of these 

Question.In India What type of economic system is being followed?
a) Capitalism
b) Socialism
c) Mixed
d) Monarchy 

Question.What is per capita Income.
a) It refers to total value of Investment made in a year.
b) it is sum of all final goods and services produced in an economy in a financial year.
c) It is national Income divided by population.
d) it is foreign investment made in a year. 

Question.Schedule B of IPR 1956 includes:
a) Those industries which are reserved for public sector.
b)Those industries which are open for both public and private sectors.
c) Residual industries
d) Industries in which only Small Scale Industries can enter. 

Question. Schedule A of IPR 1956 includes:
a) Those industries which are reserved for public sector.
b) Those industries which are open for both public and private sectors.
c) Residual industries 

Question. During the initial stages of planning, special concession were given to the industries producing goods to be used as substitutes for imported goods. This strategy was named as: 
a) Inward looking trade strategy
b) Outward looking trade strategy
c) Export promotion strategy
d) None of these

Question. Self –reliance is does not include   
a) To reduce our dependence on foreign countries, especially for food
b) To reduce our dependence on foreign countries, especially for defence items
c) Avoiding imports of those goods which could be produced in India itself
d) To reduce the foreign interference in our policies.

Question. Marketed surplus refers to the 
a) Portion of agriculture produce which is sold by the government
b) Portion of agriculture produce which is sold by the farmers
c) Earnings of the farmers which is left with the farmers
d) Portion of agricultural product which is left with the farmers

Question. Who is considered to be the architect of Indian Planning?
a) William Digby
b) P.C Mahalanobis
c) DadabhaiNaroji
d) R.C Desai. 

Assertion-Reasoning Questions :

Question. Assertion : A good indicator of economic growth is steady increase in Gross domestic product (GDP). 
Reason : GDP is the market value of all goods and services produced in a country during a year Select the correct Alternative from the following:
(a) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is true, but Reason (R) is false.
(d) Assertion (A) is false, but Reason (R) is true.

Question. Assertion (A): The major policy initiatives i.e. land reforms and Green revolution helped India to become self-sufficient in food grains production.
Reason (R): The proportion of people depending on agriculture did not decline as expected. 
Select the correct alternative from the following :-
(a) Both A and R are true and R is correct explanation of A.
(b) Both A and R are true and R is not correct explanation of A .
(c) A is true R is false.
(d) A is false and R is true.

Question. Assertion (A): Five-year plans give a big push to the basic and capital goods industries. 
Reason (R): Indian economy is now ranked as the eleventh largest industrial economy in the world.
Select the correct alternative from the following :-
(a) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
(b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
(c) Assertion (A) is true but Reason (R) is false.
(d) Assertion (A) is false but Reason (R) is true.

Question. Full employment and equitable distribution of income and wealth are the _______ period objectives of planning in India.

Question. 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.

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