Indian Economy 1950-90 test

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Indian Economy 1950-90 test - 5

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Weekly Quiz Competition

Question 1
1 / -0

Green revolution resulting from

A
Traditional Irrigation facilities

B
HYV seeds

C
Use of manures

D
None

Solution

The Green Revolution in India was a period when agricultire in India increased its yields due to improved agronomic technology. To increase agricultural production it introduced high-yielding varieties of seeds. HYV refers to increased use of chemical fertilisers and irrigation to increase the production needed to make the country self-sufficient in food grains.
Question 2
1 / -0

Tenancy reforms refers to

A
Bringing together all plots of land of a cultivator into one compact block

B
Dividing the land into small plots

C
None

D
Those who take cultivable land on rent and pay either in terms of money or a part of produce

Solution

Tenancy reforms aim to regulation of rent, provide security of tenure and conferring ownership to tenants. The tenancy reforms laws provide the provisions for registration of tenants, or giving ownership rights to the former tenants to bring them directly under the state
Question 3
1 / -0

There were some areas where the economic planning in India has failed

A
Failure to eradicate poverty

B
All of these

C
Inadequate growth in production sector

D
Failure to reduce inequalities of income and wealth

Solution

Economic planning in India had failed to provide Inadequate growth in production sector, to eradicate poverty, to reduce inequalities of income and wealth
Question 4
1 / -0

Main features of IPR 1956 are

A
Protection to cottage and small scale industries

B
Cautious approach towards foreign capital

C
Specific and all important role assigned to public sector

D
All of these

Solution

Main features of IPR 1956 includes fair treatment to private sector, stress on the role of cottage and small scale industries, to reduce regional disparities in industrial development by providing incentives such as tax concessions, subsidized loans etc., to the private sector to start industries in these backward regions.

Question 5

1 / -0

Match the following. Options are as below

a. Intermediaries	i. Bringing together all plots of land into one block
b. Tenancy reforms	ii. Take cultivated land on rent
c. Consolidation of land holdings	iii. Exploitative agrarian relations

a(i),b(ii),c(iii)

a(iii),b(ii),c(i)

a(ii),b(iii),c(i)

a(iii),b(i),c(ii)

Solution

Intermediaries refers to people between the tiller and the state. they should be abolished as they bring stagnation in the Indian agricultural sector. The tenancy reforms laws provide the provisions for registration of tenants, or giving ownership rights to the former tenants to bring them directly under the state. Consolidation of land holdings refers to bringing together all plots of land into one block.

Question 6
1 / -0

Following are the external factors responsible for industrial sickness except

A
Shortage of power and raw materials

B
Diversion of funds

C
Change in investment pattern

D
Government policies related with production, distribution and prices

Solution

Diversion of funds is the internal cause and not the external cause for industrial sickness.
Question 7
1 / -0

Imports fast growing imports are due to

A
All of these

B
Heavy imports of capital goods

C
Heavy imports of petroleum products

D
Economic reforms 1991

Solution

Due to economic reforms liberalisation in 1991 countries nowadsys imports huge amount of capital and petroleum goods.
Question 8
1 / -0

Foreign spending on domestic goods and services is ____ and domestic spending on foreign goods is ______

A
Exports, Imports

B
Entreport, Import

C
Exports, Entreport

D
Import, Export

Solution

Exports refers to a product or service sold abroad. Imports refers to bring (goods or services) into a country from abroad for sale.
Question 9
1 / -0

Schedule C industries development were left to

A
Public sector

B
None

C
Both

D
Private sector

Solution

Schedule C includes all the remaining industries and their future development would be in general be left to the initiative and enterprise of the private sector
Question 10
1 / -0

Legally stipulated maximum size beyond which no individual farmer can hold any land

A
Tenancy reforms

B
Abolition of intermediaries

C
Land consolidation

D
Land Ceiling

Solution

Land ceiling refers to fixing the the maximum size of land holdings individuals can own. Land above the ceiling limit would be known as surplus land which can be taken away by the government withour paying compensation to the original owner.

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Re-Attempt Weekly Quiz Competition

Indian Economy 1950-90 test - 5

Result

Indian Economy 1950-90 test - 5

Score

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Rank

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SHARING IS CARING

Question 1

Traditional Irrigation facilities

HYV seeds

Use of manures

None

Solution

Question 2

Bringing together all plots of land of a cultivator into one compact block

Dividing the land into small plots

None

Those who take cultivable land on rent and pay either in terms of money or a part of produce

Solution

Question 3

Failure to eradicate poverty

All of these

Inadequate growth in production sector

Failure to reduce inequalities of income and wealth

Solution

Question 4

Protection to cottage and small scale industries

Cautious approach towards foreign capital

Specific and all important role assigned to public sector

All of these

Solution

Question 5

a(i),b(ii),c(iii)

a(iii),b(ii),c(i)

a(ii),b(iii),c(i)

a(iii),b(i),c(ii)

Solution

Question 6

Shortage of power and raw materials

Diversion of funds

Change in investment pattern

Government policies related with production, distribution and prices

Solution

Question 7

All of these

Heavy imports of capital goods

Heavy imports of petroleum products

Economic reforms 1991

Solution

Question 8

Exports, Imports

Entreport, Import

Exports, Entreport

Import, Export

Solution

Question 9

Public sector

None

Both

Private sector

Solution

Question 10

Tenancy reforms

Abolition of intermediaries

Land consolidation

Land Ceiling

Solution

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