Chapter Exam

Chapter 7 ECONOMICS : Planning and Economic Reforms — Online MCQ Test

Q: When was the Planning Commission of India officially established?

Answer: B. 1950 — The Planning Commission was established in March 1950 by an executive resolution of the Government of India.

Q: Which Five Year Plan gave top priority to the development of heavy industries?

Answer: B. Second Plan — The Second Five Year Plan, known as the Mahalanobis model, focused primarily on industrialization, especially heavy industries.

Q: If the government reduces the import duty on electronic goods, which economic reform component is this?

Answer: B. Liberalization — Liberalization involves reducing government controls, such as trade barriers, import tariffs, and licensing requirements.

Q: Which of the following is NOT a feature of the 1991 Industrial Policy?

Answer: C. Increase in the role of the public sector — The 1991 policy aimed to reduce, not increase, the scope and role of the public sector to promote private competition.

ECONOMICS · CLASS 12 INTER II YEAR · Andhra State Board

Practice Chapter 7 ECONOMICS : Planning and Economic Reforms with a free chapter-wise online MCQ test for Andhra State Board CLASS 12 INTER II YEAR ECONOMICS. This chapter covers: This chapter covers objectives and achievements of Five Year Plans 1991 Liberalization Privatization Globalization policies and NITI Aayog framework.. AI-generated questions from basic to board-exam level, with instant results and explanations.

Questions

20m

Time Limit

Attempts Left

10 random questions from this chapter (mixed difficulty)
Questions you've seen before won't repeat until the pool resets
You have 20 minutes — exam auto-submits when time is up
Maximum 3 attempts per chapter
Results and explanations shown immediately after submission

New here? Register free — includes 3 free chapter exams.

Chapter 7 ECONOMICS : Planning and Economic Reforms — Important Questions & Answers (FAQ)

Frequently asked questions from Andhra State Board CLASS 12 INTER II YEAR ECONOMICS — Chapter 7 ECONOMICS : Planning and Economic Reforms, with answers and explanations. These are sample questions; the exam has its own separate question set.

When was the Planning Commission of India officially established?

A. 1947
B. 1950 ✓
C. 1951
D. 1956

Answer: B. 1950
The Planning Commission was established in March 1950 by an executive resolution of the Government of India.

Which of the following is the main objective of the New Economic Policy (1991)?

A. To increase reliance on imports
B. To limit industrial growth
C. To integrate the Indian economy with the global economy ✓
D. To increase agricultural taxation

Answer: C. To integrate the Indian economy with the global economy
The 1991 reforms focused on Liberalization, Privatization, and Globalization (LPG) to boost global integration.

Which Five Year Plan gave top priority to the development of heavy industries?

A. First Plan
B. Second Plan ✓
C. Third Plan
D. Fourth Plan

Answer: B. Second Plan
The Second Five Year Plan, known as the Mahalanobis model, focused primarily on industrialization, especially heavy industries.

If the government reduces the import duty on electronic goods, which economic reform component is this?

A. Globalization
B. Liberalization ✓
C. Privatization
D. Nationalization

Answer: B. Liberalization
Liberalization involves reducing government controls, such as trade barriers, import tariffs, and licensing requirements.

Which of the following is NOT a feature of the 1991 Industrial Policy?

A. Reduction in the number of industries under compulsory licensing
B. Abolition of MRTP Act limits
C. Increase in the role of the public sector ✓
D. Removal of restrictions on private sector expansion

Answer: C. Increase in the role of the public sector
The 1991 policy aimed to reduce, not increase, the scope and role of the public sector to promote private competition.

← Previous Chapter

Chapter 6 ECONOMICS : Unemployment Poverty and Inequalities

Next Chapter →

Chapter 8 ECONOMICS : Agriculture and Rural Development