Economics MCQ Class 12 Chapter 2 Part B: Check the below NCERT MCQ Questions for Economics MCQ Class 12 Chapter 2 Part B with Answers Pdf free download. Economics MCQ Class 12 Chapter 2 Part B Questions for Economics with Answers were prepared based on the latest exam pattern. We have provided Economics MCQ Class 12 Chapter 2 Part B with Answers to help students understand the concept very well.

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Economics MCQ Class 12 Chapter 2 Part B

1. When was the National Development Council (NDC) set up as an adjunct to the Planning Commission?
(A) 1950
(B) 1969
(C) 1952
(D) 1979

2. What is needed to provide protection against natural calamities like floods, drought, locusts, thunderstorms, etc.?
(A) Multiple cropping
(B) Green revolution
(C) Crop insurance
(D) HYV

3. Which of the following is the main objective of carrying out various economic activities?
(A) Profit
(B) Public welfare
(C) Competition
(D) Equality

4. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
(A) 17
(B) 21
(C) 15
(D) 2

5. Which of the following steps promoted the growth of the economy as a whole by stimulating the development of industrial and tertiary sectors?
(A) Independence
(B) Planning
(C) Colonial rule
(D) Green revolution

6. In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?
(A) Capitalist
(B) Socialist
(C) Mixed
(D) Global

7. Agriculture sector contributed _______ percent to the GDP in 1990-91.
(A) 24.6
(B) 34.9
(C) 40.5
(D) 59.0

8. Which of the following had been responsible for the heavy burden of the deal and its interest?
(A) BOP deficit
(B) BOP surplus
(C) Equilibrium
(D) None of these

9. Planning in India started with a heavy reliance on the _______ sector.
(A) Public
(B) Private
(C) Both Public and Private
(D) None of these

10. Full employment and equitable distribution of income and wealth are the _______ period objectives of planning in India.
(A) long
(B) short
(C) medium
(D) None of these

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