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UPSC Exam  >  UPSC Test  >  Post Independence History Mains  >  Test: Economic Development - 1 - UPSC MCQ

Economic Development - 1 - UPSC Post Independence History Free MCQ Test


MCQ Practice Test & Solutions: Test: Economic Development - 1 (10 Questions)

You can prepare effectively for UPSC Post Independence History for UPSC Mains with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Economic Development - 1". These 10 questions have been designed by the experts with the latest curriculum of UPSC 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Economic Development - 1 - Question 1
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What were the key challenges faced by the Indian economy at the time of independence?

Detailed Solution: Question 1

At the time of independence, one of the key challenges faced by the Indian economy was the lack of financial resources. This limited financial base hindered investment in capital industries and development.

Test: Economic Development - 1 - Question 2
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Why did the Indian government opt for a mixed economy after independence?

Detailed Solution: Question 2

The Indian government chose a mixed economy because socialism advocated for equality, which was seen as necessary for the welfare and sustained growth of the country. It aimed to balance profit-driven capitalism with socialist principles.

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Test: Economic Development - 1 - Question 3
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Which industry category in the Industrial Policy of 1956 was designated as "Key Industries" or "Basic Industries"?

Detailed Solution: Question 3

The Basic/Key Industries (Public-cum-Private Sector) category in the Industrial Policy of 1956 included industries like coal, iron & steel, aircraft manufacturing, ship-building, manufacture of telephone, telegraph & wireless apparatus, and mineral oil.

Test: Economic Development - 1 - Question 4
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Which economic model emphasized the importance of cottage and small-scale industries in India's economic development?

Detailed Solution: Question 4

Socialism emphasized the importance of cottage and small-scale industries in India's economic development as they provided local resources and employment opportunities.

Test: Economic Development - 1 - Question 5
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What was the main objective of the Indian Parliament when it accepted 'the socialist pattern of society' in December 1954?

Detailed Solution: Question 5

The Indian Parliament accepted 'the socialist pattern of society' with the objective of establishing a mixed economy, where both the public and private sectors coexisted and complemented each other within the broad framework of national planning.

Test: Economic Development - 1 - Question 6
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What was the main thrust of the Industrial Policy of 1977 in India?

Detailed Solution: Question 6

The main thrust of the Industrial Policy of 1977 in India was to promote cottage and small industries, especially those dispersed in rural areas and small towns.

Test: Economic Development - 1 - Question 7
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Which element of India's economic development strategy focused on reducing the concentration of wealth and promoting equity?

Detailed Solution: Question 7

The element of India's economic development strategy that focused on reducing the concentration of wealth and promoting equity was "Growth with equity," which aimed for a fair distribution of economic prosperity.

Test: Economic Development - 1 - Question 8
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What was the primary objective of the National Development Council in India?

Detailed Solution: Question 8

The primary objective of the National Development Council in India is to provide final approval to the 5-year plans of India, making it the apex body for decision-making and deliberations on development matters.

Test: Economic Development - 1 - Question 9
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What is the significance of the Planning Commission in India's economic planning?

Detailed Solution: Question 9

The Planning Commission in India plays a significant role in formulating 5-year plans and setting development priorities for the country.

Test: Economic Development - 1 - Question 10
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What was the core idea of Sir M. Visvesvaraya's ten-year plan?

Detailed Solution: Question 10

The core idea of Sir M. Visvesvaraya's ten-year plan was to double the per capita income of India in ten years, focusing on economic growth and development.

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About this UPSC Practice Test

This test contains 10 MCQs on Economic Development - 1 with detailed solutions for each question. It is part of the Post Independence History for UPSC Mains course on EduRev, designed to align with the current UPSC syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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