Free Post Independence 03 Practice Test - 12th Grade - Commerce
Question 1
Which of the following countries followed communist model and developed at a fast rate?
USA
Britain
Japan
Russia
SOLUTION
Solution : D
Russia adopted communist model, and witnessed very rapid development.
Question 2
When was the planning commission set up ?
1949
1950
1959
1850
SOLUTION
Solution : B
The planning commission was set up in 1950.
Question 3
Which of the following bodies was responsible for the preparation of the five-year plans?
Finance Ministry
Home Ministry
Planning Commission
Indian Institute of Planning
SOLUTION
Solution : C
Planning Commission was in-charge of coming up with FYPs.
Question 4
Which of the following describes “structural change” of the economy?
Change in age composition of the population
Change in shares of sectors’ contributions to GDP
Change from labour-abundant t capital-abundant economy
None of the above
SOLUTION
Solution : B
Structural change of the economy is characterised by change in the contribution of each sector to the GDP.
Question 5
How many sectors do we broadly classify the economy into?
2
3
4
5
SOLUTION
Solution : B
The economy is generally classified into 3 sectors.
Question 6
Which of these sectors did the first plan focus on?
Finance
Railways
Roads
Power
SOLUTION
Solution : D
Power and agriculture were the sectors the first plan focused on.
Question 7
Which of the following was the first land reform?
Abolition of land tax
Introduction of land cess
Abolition of Zamindari system
Imposition of land quotas
SOLUTION
Solution : C
The abolition of the Zamindari system was the first major reform.
Question 8
For the Green Revolution to succeed, it was not enough that farmers use HVY seeds. What else would they require?
Manure
Irrigation
Both a and b
None of the above
SOLUTION
Solution : C
Farmers required both better irrigation and fertilisers (manure).
Question 9
Which model did Indian leaders like Nehru and Patel finally decide to adopt?
Socialist
Capitalist
Communist
Mixed economy
SOLUTION
Solution : D
India adopted the mixed economy model of planning to get the advantages of both sides of the spectrum.
Question 10
Abolition of intermediaries and "Land Ceiling" are a part of:
Industrial reforms in India
External sector reforms in India
Land reforms in India
Banking reforms in India
SOLUTION
Solution : C
Abolition of intermediaries and Land Ceiling are a part of Land Reforms in India.