Worksheet: Indian Economy 1950-1990 - 1 | Economics Class 12 - Commerce PDF Download

Multiple Choice Questions

Q2: Which of the following sectors saw significant reforms in the 1990s liberalization era?
(a) Agriculture
(b) Manufacturing
(c) Services
(d) All of the above

Q3: Who was the first Prime Minister of India to introduce economic planning?
(a) Jawaharlal Nehru
(b) Indira Gandhi
(c) Rajiv Gandhi
(d) Lal Bahadur Shastri

Q4: Which economic policy in the 1980s aimed at promoting decentralization and local self-sufficiency?
(a) Green Revolution
(b) New Economic Policy
(c) Panchayati Raj
(d) Make in India

Q5: What was the major factor that led to the balance of payments crisis in India during the 1980s?
(a) Excessive government spending
(b) Decline in export competitiveness
(c) Increase in foreign aid
(d) Stable global oil prices

True and False

Q1: The Indian economy during 1950-1990 was primarily agrarian.

Q2: The Green Revolution in the 1960s contributed significantly to agricultural productivity.

Q3: India's economic policies during this period emphasized self-reliance and import substitution.

Q4: The Industrial Policy of 1956 aimed at promoting the private sector in key industries.

Q5: Economic reforms in the 1990s were triggered by a balance of payments crisis.

Match the Following 

Very Short Answers

Q2: Name one major economic challenge faced by India in the 1980s.

Q3: Define import substitution industrialization.

Q4: Why was the policy of liberalization introduced in India in 1991?

Q5: Briefly explain the concept of Five-Year Plans in India's economic planning.

Short Answers

Q2: Explain the role of the public sector in India's economic development during 1950-1990.

Q3: How did the Green Revolution transform Indian agriculture and rural economy?

Q4: Analyze the reasons behind the balance of payments crisis in India during the 1980s.

Q5: Describe the objectives and outcomes of the New Economic Policy of 1991.

Long Answers

Q2: Impact of Liberalization: Evaluate the impact of economic liberalization on various sectors of the Indian economy, highlighting its positive and negative consequences.

Q3: Role of Agriculture: Analyze the role of agriculture in India's economic development during the period 1950-1990, considering the Green Revolution and its socio-economic impact.

Q4: Challenges and Reforms: Identify the key challenges faced by the Indian economy in the 1980s. Discuss the economic reforms initiated in response to these challenges, focusing on their effectiveness and outcomes.

Q5: Comparative Analysis: Compare and contrast India's economic policies and performance during 1950-1990 with another developing country of your choice, highlighting similarities, differences, and lessons that can be learned.