This article provides the previous year’s HSLC MCQs Question Answers, Pre-Final Examination 2023-24 MCQs of Different Districts, and Model MCQs for 2025 on SEBA Class 10 Economics Chapter 2 MCQs (Economic Development). We aim to get 100 percent common in the 2025 HSLC Exam.
Previous Year HSLC MCQs on Economic Development
1. The period covered by the First Five-Year Plan in India is_______
(HSLC- 2023, 24) (Biswanath 2023-24)
(A) 1st April, 1951 – 31st March, 1956
(B) 1st April, 1950- 31st March, 1955
(C) 1st April, 1956-31st March, 1961
(D) 1st April, 1961-31st March, 1966
View Answer...Ans:- (A) 1st April, 1951 – 31st March, 1956
2. Who is the Chairman of the NITI Aayog, which was formed in 2015?
(HSLC-2024) (Charaideo 2023-24) (Dhubri 2023-24) (Biswanath 2023-24) (Hailakandi 2023-24) (Udalguri 2023-24)
(A) The President of India
(B) The Prime Minister of India
(C) The Governor of the Reserve Bank of India
(D) The Vice-President of India
View Answer...Ans:- (B) The Prime Minister of India
3. The act of lessening the degree of state control in the economic system of a country is called________
(HSLC-2024) (Hailakandi 2023-24)
(A) Financial inclusion
(B) Privatisation
(C) Liberalisation
(D) Globalisation
View Answer...Ans:- (C) Liberalisation
4. Privatisation means_______
(HSLC-2024)
(A) the policy of opening up of the government sector units to the private sector
(B) the integration of the economy of a nation with the economies of the rest of the world
(C) the lessening of the degree of state control in the economic system of a country
(D) a process in which the benefits of economic growth and development are ensured to each and every section of people in the society
View Answer...Ans:- (A) the policy of opening up of the government sector units to the private sector
5. By dividing national income by the total population of a country, we get
(HSLC-2024)
(A) per capita income
(B) Human Development Index
(C) Life expectancy
(D) Gross Domestic Product (GDP)
View Answer...Ans:- (A) per capita income
6. The process in which the benefits of economic growth and development are ensured to each and every section of people in the society is called _______
(HSLC-2023)
(A) Commercialisation
(B) Liberalisation
(C) Globalisation
(D) Financia! inclusion
View Answer...Ans:- (D) Financia! inclusion
7. Identify the main objectives of the Indian economy during the period of Five Year Plans from the alternative given below :
(HSLC-2023)
(i) To remove socio-economic and regional inequalities
(ii) To attain self-reliance
(iii) To raise the rate of economic growth
(iv) To remove poverty
(a) (i), (ii), (iv)
(b) (i), (iii), (iv)
(c) (i), (ii), (iii), (iv)
(d) (i), (ii), (iii)
View Answer...Ans:- (b) (i), (iii), (iv)
8. The duration of a financial year in India is_____
(HSLC-2023)
(a) January 1 to December 31
(b) February 1 to January 31
(c) March 1 to February 28/29
(d) April 1 to March 31
View Answer...Ans:- (d) April 1 to March 31
Pre-Final Examination 2023-24 MCQs of Different Districts on Economic Development
Economic growth
9. Economic growth is a _______concept.
(South Salmara 2023-24)
(A) Qualitative
(B) Quantitative
(C) Well-being
(D) None of these
View Answer...Ans:- (B) Quantitative
10. The growth of the National income or per capita income
(Sivsagar 2023-24)
(A) Economic development
(B) Human development
(C) Economic growth
(D) Overall growth
View Answer...Ans:- (C) Economic growth
11. The monetary value of all goods produced in a country in a financial year is _______
(Nagaon 2023-24)
(a) National Income
(b) Personal Income
(c) Per-capita Income
(d) None of the above
View Answer...Ans:- (a) National Income
12. ________is the total value of all the final services and goods produced in an economy during a specific period of time.
(Dhemaji 2023-24)
(A) National Income
(B) Per capita Income
(C) Personal Income
(D) Gross Income
View Answer...Ans:- (A) National Income
13. Select the correct answer from the given code.
(Golaghat 2023-24)
Assertion (A): Economic growth does not mean economic development but if there is to be Economic Development, there must be economic growth.
Reason (R): Economic development is a part of Economic growth only.
Code
(A) Both (A) and (R) are true and (R) is the correct explanation of (A)
(B) Both (A) and (R) are true, but (R) is not the correct explanation of (A)
(C) (A) is true, but (R) is false
(D) (A) is false, but (R) is true
View Answer...Ans:- (C) (A) is true, but (R) is false
14. In a village of India, the government has introduced a programme to provide financial resistance and training to local farmers for adopting modern agricultural practices. This initiative aims to enhance crop yield, improve income and uplift the overall economic status of the villagers. Which aspect of economic development does this programme primarily address?
(Kamrup 2023-24)
(A) Industrial growth
(B) Human capital development
(C) Agricultural Development
(D) Infrastructure expansions
View Answer...Ans:- (C) Agricultural Development
Economic Development
No MCQs from this topic in the Pre-Final Examination of 2023-24.
Human development
15. Which one of the following is not a human development index?
(Biswanath 2023-24) (Hailakandi 2023-24) (Nagaon 2023-24)
(a) Expected life expectancy
(b) Education
(c) Standard of living
(d) Per-capita income
View Answer...Ans:- (c) Standard of living
16. The three indexes of Human Development are
(Charaideo 2023-24)
(a) Education, Gender discrimination index, Multimaternal poor index.
(b) Life expectancy, Human development index, Gender discrimination
(c) Life expectancy, education, the quality of life
(d) The quality of life, human development index, education
View Answer...Ans:- (c) Life expectancy, education, the quality of life
17. The first report on human development under UNDP was published __________
(Kamrup Metro 2023-24)
(A) 1900
(B) 1990
(C)1985
(D) 1995
View Answer...Ans:- (B) 1990
Economic planning
No MCQs from this topic in the Pre-Final Examination of 2023-24.
NITI Aayog
18. The full form of NITI is –
(Kamrup 2023-24) (Kamrup Metro 2023-24) (South Salmara 2023-24)
(A) National Institution for Transforming India
(B) National Institute for Transforming India
(C) National Institution for Transformation India
(D) National Instruction for Transforming India
View Answer...Ans:- (A) National Institution for Transforming India
19. The NITI commission was announced to be constituted on_____
(Nagaon 2023-24)
(a) 31st December, 2015
(b) 15th August, 2014
(c) 1st January, 2015
(d) 31st March, 2015
View Answer...Ans:- (c) 1st January, 2015
20. The first sitting of NITI Ayog was held in______
(Nagaon 2023-24)
(a) Delhi
(b) Kolkata
(c) Lucknow
(d) Mumbai
View Answer...Ans:- (a) Delhi
21. The first meeting of the NITI Ayog__________.
(Dhubri 2023-24) (Dhemaji 2023-24)
(A) 2014, lst January
(B) 2014, 8 February
(C) 2015, 1st January
(D) 2015, 8 February
View Answer...Ans:- (D) 2015, 8 February
22. When did NITI Ayog start its operation?
(Hailakandi 2023-24)
(A) January 1, 2015
(B) February 8, 2015
(C) January 1, 2014
(D) None of them
View Answer...Ans:- (A) January 1, 2015
23. What was the old name of NITI Ayog?
(Kamrup Metro 2023-24)
(A) Planning Commission
(C) Financial Commission
(B) Forest Commission
(D) Public Commission
View Answer...Ans:- (A) Planning Commission
Democratic planning
24. A fiscal year of India is –
(Golaghat 2023-24)
(A) 1st January to 31st 31st December
(B) 1st March to 28th February
(C) 1st April to 31st March
(D) 1st May to 30th April
View Answer...Ans:- (C) 1st April to 31st March
25. Which of the following is not an objective of India’s Five Years Plans’?
(Kamrup Metro 2023-24)
(A) Reduction in the growth rate of the economy
(B) Expansion of employment opportunities
(C) Removal of regional inequality
(D) Removal of poverty
View Answer...Ans:- (A) Reduction in the growth rate of the economy
Economic planning in India
26. The first Five Year Plan in India began in the year _______
(Hailakandi 2023-24) (Dhemaji 2023-24) (Udalguri 2023-24)
(A) 1948
(B) 1949
(C) 1950
(D) 1951
View Answer...Ans:- (D) 1951
27. Which sector played a leading role in the Indian economy during the first period of planning?
(Kamrup Metro 2023-24)
(A) The Private Sector
(B) The Public Sector
(C) The Industrial Sector
(D) The Financial Sector
View Answer...Ans:- (B) The Public Sector
28. Whose government at the centre decided to introduce economic reform in India?
(South Salmara 2023-24)
(A) Narendra Modi
(B) Atal Bihari Vajpayee
(C) Manmohan Singh
(D) Narasimha Rao
View Answer...Ans:- (D) Narasimha Rao
29. Identify the main objectives of the first period of planning of India from the alternatives given below –
(South Salmara 2023-24)
(I) To raise the role of economic growth
(II) To give importance to the application of modern technology
(III) To remove regional inequalities
(IV) To attain self-reliance
(A) (I), (II), (III)
(B) (II), (III), (IV)
(C) (I), (II), (IV)
(D) (I), (II), (III), (IV)
View Answer...Ans:- (C) (I), (II), (IV)
30. In the first period of economic planning in India, the growth of the Indian economy was not satisfactory. The main causes were ______
(Dhemaji 2023-24)
(i) War with China
(ii) War with Pakistan
(iii) Poor rainfall
(iv) Changes in political scenario
(A) (i), (ii) and (iii)
(B) (ii), (iii) and (iv)
(C) (i), (ii), (iii) and (iv)
(D) (i), (iii) and (iv)
View Answer...Ans:- (C) (i), (ii), (iii) and (iv)
31. An economy in which the public sector and private sector coexist is called a ________.
(Dhemaji 2023-24)
(A) Democratic
(B) Mixed economy
(C) Socialist
(D) Liberalization
View Answer...Ans:- (B) Mixed economy
32. The time limit for the Sixth Five-Year Plan ___________.
(Charaideo 2023-24)
(a) 1947-1979
(b) 1980-1985
(c) 1992-1997
(d) 1969- 1974
View Answer...Ans:- (b) 1980-1985
33. When did the Green Revolution start in India?
(Charaideo 2023-24)
(a) In the 80’s
(c) In the 60’s
(b) In the 70’s
(d) In the 90’s
View Answer...Ans:- (c) In the 60’s
34. The government of India adopted an Economic reform Policy in ____________
(Biswanath 2023-24)
(a) 1986
(b) 1991
(c) 1992
(d) 1994
View Answer...Ans:- (b) 1991
35. The Planning Commission of India was set up in ____________
(Dhubri 2023-24)
(a) 1947
(b) 1950
(c) 1955
(d) 1960
View Answer...Ans:- (b) 1950
36. The list of the rate of progress of the Indian economy.
(Sivsagar 2023-24)
| Year | 2012-13 | 2013-14 |
| rate | 6.7% | 7.2% |
By observing the above list find out the reason for the rate of development in the Indian economy.
(A) Priority of the public sector
(B) Economic reform
(C) Introduction of the Green Revolution
(D) Impact of inflation
View Answer...Ans:- (B) Economic reform
Liberalisation
36-B. The act of lessening the degree of state control in the economic system of a country is called________
(Hailakandi 2023-24)
(A) Financial inclusion
(B) Privatisation
(C) Liberalisation
(D) Globalisation
View Answer...Ans:- (C) Liberalisation
Privatisation
37. When the entire amount of capital for a public sector unit is not supplied by the government but, a part of that is also collected from the parties through the sale of shares, it is called_________
(Sonitpur 2023-24)
(a) Liberalisation
(b) Disinvestment
(c) Globalizations
(d) Digitalization
View Answer...Ans:- (b) Disinvestment
38. Read the given statements ‘A’ and ‘B’ and select the correct answer.
(Dhubri 2023-24)
(A) Transfer of ownership and management of an enterprise from the public sector to the private sector is called privatisation.
(B) The process of taking privately controlled companies and putting them under the control of government is called liberalisation.
(a) ‘A’ is false and ‘B’ is true
(b) Both ‘A’ and “‘B’ are false
(c) ‘A’ is true and ‘B’ is false
(d) Both ‘A’ and ‘B’ are true
View Answer...Ans:- (c) ‘A’ is true and ‘B’ is false
Globalisation
39. What has speeded up the process of globalization?
(Sonitpur 2023-24)
(a) Internet
(b) Facebook
(c) Geo-politics
(d) Import-export
View Answer...Ans:- (a) Internet
40. If a country avoids integration with the world economy then this economy is known as _______
(South Salmara 2023-24)
(A) Autarky
(B) Liberalisation
(C) Globalisation
(D) Privatisation
View Answer...Ans:- (A) Autarky
41. Which of these is a challenge caused by globalisation?
(Nagaon 2023-24)
(a) Increase economic inequality
(b) Preservation of cultural barriers
(c) Decreased interdependence
(d) Limited access to information
View Answer...Ans:- (a) Increase economic inequality
42. Choose the correct answer –
(Charaideo 2023-24)
(a) Globalization is the integration of one country’s economy with the economy of other countries of the world
(b) Globalization is not the consequence of privatization and liberalization.
(c) From Globalization the world moves toward broadness
(d) A competitive environment is created from Globalization.
View Answer...Ans:- (a) Globalization is the integration of one country’s economy with the economy of other countries of the world
43. The result of liberalisation and Privatisation is ________
(Biswanath 2023-24)
(a) Social Development
(b) Economic Development
(c) Globalisation
(d) Economic growth
View Answer...Ans:- (c) Globalisation
Current Five-Year Plan of Assam
No MCQs from this topic in the Pre-Final Examination of 2023-24.
Other Chapters MCQs
Model MCQs for 2025 on Economic Development
44. Economic development is a _______concept.
(A) Qualitative
(B) Quantitative
(C) Well-being
(D) None of these
View Answer...Ans:- (A) Qualitative
45. Which one of the following is not correct about NITI Aayog?
(A) It was set up to replace the Planning Commission.
(B) It has a full-time Chairman.
(C) It was set up in January 2015.
(D) It is based on grassroots planning.
View Answer...Ans:- (B) It has a full-time Chairman.
46. _____________is the number of years that a child is expected to survive at the time of birth.
(A) Standard of living
(B) Mortality rate
(C) Life expectancy
(D) None of these
View Answer...Ans:- (C) Life expectancy
47. The Human Development Report 2010 has introduced three new concepts of human development. Which of the following is not one of them?
(A) The inequality-adjusted Human Development Index
(B) Gender inequality index
(C) Multidimensional poverty index
(D) Income inequality index
View Answer...Ans:- (D) Income inequality index
48. The last five year plan of India was_____________
(A) Eleventh five-year plan
(B) Twelfth five-year plan
(C) Thirteen five-year plan
(D) None of the above
View Answer...Ans:- (B) Twelfth five-year plan
49. Regarding the first phase of economic planning, choose the correct option from the given code.
- The contribution of the services sector increased from 28 percent in 1950-51 to 40.5 percent in 1990-91.
- The contribution of agriculture (primary sector) to India’s national income declined from 59 percent to 34.9 percent.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2
View Answer...Ans:- (C) Both 1 and 2
50. Who among the following is not a member of NITI Aayog?
(A) Chief Ministers of states
(B) Lieutenant Governors of Union Territories
(C) Leader of Opposition
(D) four Central Ministers
View Answer...Ans:- (C) Leader of Opposition
51. India has chosen ___________ to promote economic well-being.
(A) Socialist planning
(B) Capitalist Planning
(C) Democratic Planning
(D) None of these
View Answer...Ans:- (C) Democratic Planning
52. Economic development is a _______concept.
(A) Qualitative
(B) Quantitative
(C) Well-being
(D) None of these
View Answer...Ans:- (A) Qualitative
53. Which one of the following is not correct about NITI Aayog?
(A) It was set up to replace the Planning Commission.
(B) It has a full-time Chairman.
(C) It was set up in January 2015.
(D) It is based on grassroots planning.
View Answer...Ans:- (B) It has a full-time Chairman.
54. _____________is the number of years that a child is expected to survive at the time of birth.
(A) Standard of living
(B) Mortality rate
(C) Life expectancy
(D) None of these
View Answer...Ans:- (C) Life expectancy
55. The Human Development Report 2010 has introduced three new concepts of human development. Which of the following is not one of them?
(A) The inequality-adjusted Human Development Index
(B) Gender inequality index
(C) Multidimensional poverty index
(D) Income inequality index
View Answer...Ans:- (D) Income inequality index
56. The last five year plan of India was_____________
(A) Eleventh five-year plan
(B) Twelfth five-year plan
(C) Thirteen five-year plan
(D) None of the above
View Answer...Ans:- (B) Twelfth five-year plan
57. Regarding the first phase of economic planning, consider the following statements.
- The contribution of the services sector increased from 28 percent in 1950-51 to 40.5 percent in 1990-91.
- The contribution of agriculture (primary sector) to India’s national income declined from 59 percent to 34.9 percent.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2
View Answer...Ans:- (C) Both 1 and 2
58. As a part of the economic reform measures government control has not been lifted from ________industry.
(A) finance
(B) foreign exchange dealings
(C) liquor
(D) trade
View Answer...Ans:- (C) liquor
59. Regarding the globalisation, consider the following statements.
- Globalisation creates a competitive environment in which both the consumers and producers tend to gain.
- Globalisation may threaten to the national interest.
(A) Only 1
(B) Only 2
(C) Both 1 and 2
(D) Neither 1 nor 2
View Answer...Ans:- (A) Only 1