Indian economy 1950 to 1990 full mcq. Class 12 Economics Indian Economy 1950-1990s MCQs with Answers and bullet points help you comprehend the concepts provided in Class 12 economics chapter-wise MCQs. We will help you in gaining complete knowledge of the concepts. MCQ Questions for Class 12 Economics with Answers. This MCQ solution helps you gain an extra understanding of various aspects of the Indian Economy (1950-1990) provided in the topic of the Class 12 economics textbook. Resource material that top teachers and students recommend. We advise you to take advantage of this class 12 economics MCQ with answers.
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Important Multiple Choice Questions (MCQs) of Indian Economy 1950 to 1990
We have provided Indian Economy on the eve of Independence Class 12 Eco MCQs Questions with Answers to help students understand the concept very well. Practice MCQ Questions for Class 12 Eco with Answers daily and score well in exams. Refer to the Eco Class 12 MCQs Questions with Answers here along with a detailed explanation.
Also Read: Class 12 chapter-wise MCQ
Here are 5 bullet points related to the Indian economy from 1950 to 1990 for Class 12 Economics:
- The period of 1950-1990 in India was marked by the implementation of a planned economy, also known as a mixed economy, which aimed to achieve self-sufficiency and reduce poverty.
- The government played a dominant role in the economy, with state-owned enterprises controlling key sectors such as manufacturing, banking, and insurance.
- The period also saw the implementation of various policies, including the Five-Year Plans, the Green Revolution, and the nationalization of industries, which aimed to promote economic growth, reduce poverty, and improve social welfare.
- Despite the implementation of these policies, the Indian economy faced various challenges, including inflation, unemployment, and a balance of payments crisis in the 1980s.
- The period of 1950-1990 laid the foundation for the liberalization and globalization of the Indian economy in the 1990s, which aimed to promote economic growth, increase competition, and integrate India with the global economy.
Below we have embedded class 12 Economics multiple choice questions—question papers prepared by the most experienced teachers. If you have any doubts about solving the below questions then visit our YouTube channel Academic Excellence in School and watch the free video tutorials.
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