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?

A.

USA

B.

Britain

C.

Japan

D.

Russia

SOLUTION

Solution : D

Russia adopted communist model, and witnessed very rapid development.

Question 2

When was the planning commission set up ?

A.

1949

B.

1950

C.

1959

D.

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?

A.

Finance Ministry

B.

Home Ministry

C.

Planning Commission

D.

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?

A.

Change in age composition of the population

B.

Change in shares of sectors’ contributions to GDP

C.

Change from labour-abundant t capital-abundant economy

D.

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?

A.

2

B.

3

C.

4

D.

5

SOLUTION

Solution : B

The economy is generally classified into 3 sectors.

Question 6

Which of these sectors did the first plan focus on?

A.

Finance

B.

Railways

C.

Roads

D.

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?

A.

Abolition of land tax

B.

Introduction of land cess

C.

Abolition of Zamindari system

D.

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?

A.

Manure

B.

Irrigation

C.

Both a and b

D.

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?

A.

Socialist

B.

Capitalist

C.

Communist

D.

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:

A.

Industrial reforms in India

B.

External sector reforms in India

C.

Land reforms in India

D.

Banking reforms in India

SOLUTION

Solution : C

Abolition of intermediaries and Land Ceiling are a part of Land Reforms in India.