Indian Economy 1950-1990 — Economics STD 12 Humanities & Commerce — Question

Unemployment is a situation in which people who are _______ and ______ to work but are not getting work.

1. Incapable and willing.
2. Capable and not willing.
3. Incapable and not willing.
4. Capable and willing.

The relevance of infrastructure includes:

1. Modern agriculture is highly dependent on infrastructural facilities.
2. Infrastructure helps in increasing productivity of factors of production.
3. It helps in improving quality of life of people.
4. All of the above.

Which of the following is not a major cause of poverty in india?

1. Low capital formation.
2. Lack of social/ welfare nets.
3. Social exclusion.
4. Migration of people from rural to urban India.

When poverty is related to the distribution of income, it is called:

1. Low line poverty.
2. Absolute poverty.
3. Relative poverty.
4. None of these.

System where farmers and industrial units were to buy and sell fixed quantities of raw material and products on the basis of price fixed by government was termed as:

1. Special economic zones.
2. Great Leap Forward.
3. Dual pricing.
4. Great proletarian cultural revolution.

Which of the following is an institution to regulate health sector?

1. NCERT
2. ICMR
3. UGC
4. AICTE

When British left India, it was:

1. A flourishing economy.
2. Having a strong industrial base.
3. Having a strong infrastructure.
4. Suffering from massive poverty.

GATT stands for:

1. General Agreement on trade and tariff.
2. Governments Association for trade and tariff.
3. General Agreement on terms of trade.
4. Government Agreement on terms of trade.

More than ________________ of farm produce gets wasted due to lack of storage.

1. 5%
2. 10%
3. 15%
4. 20%

Which are the two important sources of human capital formation?

1. Health and IT.
2. Banking and Industry.
3. Education and Health.
4. IT and Education.