SEBA Class 10 Economics Chapter 2 MCQs – Economic Development (2026–27)
SEBA Class 10 Economics Chapter 2 MCQs Economic Development (2026–27) are carefully prepared by Assam Eduverse to help HSLC students score higher in Economics objective questions. As per the latest HSLC exam pattern, 45 MCQs are asked, making SEBA Class 10 Economics Chapter 2 MCQs Economic Development a highly scoring chapter in Economics.
This chapter explains the meaning of economic development, indicators of development, and the difference between economic growth and economic development. The SEBA Class 10 Economics Chapter 2 MCQs Economic Development focus on national income, per capita income, human development, poverty, and quality of life, which are frequently asked in HSLC examinations.
By practising these Class 10 SEBA Economics MCQ practice questions, students can improve conceptual clarity, accuracy, and exam confidence. This page also includes HSLC Economics Chapter 2 MCQs previous year questions along with extra objective questions for complete preparation for the HSLC 2026–27 Economics examination.
SEBA HSLC Class 10 Economics Chapter 2 MCQs – Economic Development (45 MCQs Pattern)
Table of Contents
A. Previous Year MCQs Questions with Answers
Q.1 Identify the main objectives of Indian economy during the period of Five Year Plans from the alternatives 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)
Answer: (c) (i), (ii), (iii), (iv)
Q.2 The period covered by the First Five-Year Plan in India is — [HSLC 2024]
(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
Answer: (a) 1st April, 1951 — 31st March, 1956
Q.3 Who is the Chairman of the NITI Aayog, which was formed in 2015? [HSLC 2024]
(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
Answer: (b) The Prime Minister of India
Q.4 The act of lessening of the degree of state control in the economic system of a country is called — [HSLC 2024]
(a) Financial inclusion
(b) Privatisation
(c) Liberalisation
(d) Globalisation
Answer: (c) Liberalisation
Q.5 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
Answer: (a) the policy of opening up of the government sector units to the private sector
Q.6 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)
Answer: (a) Per capita income
Q.7 Consider the statements (i) and (ii) about economic growth and development and choose the correct answer from the alternatives given below. [HSLC 2025]
(i) Economic development is a qualitative concept, but economic growth is a quantitative concept.
(ii) Economic development is a narrow concept, whereas economic growth is a broader concept.
(a) (i) is true, (ii) is true
(b) (i) is true, (ii) is false
(c) (i) is false, (ii) is false
(d) (i) is false, (ii) is true
Answer: (b) (i) is true, (ii) is false
Q.8 The Chairman of ‘NITI Aayog’ is — [HSLC 2025]
(a) The President
(b) The Union Finance Minister
(c) The Prime Minister
(d) The Vice President
Answer: (c) The Prime Minister
Q.9 Match the following and find out the correct answer: [HSLC 2025]
List I List II
(i) Democratic Planning — (b) People participate at different stages of plan making
(ii) Economic Planning — (c) To attain a set of well-defined developmental objectives
(iii) Grassroot Planning — (a) Involves lowest level of administration in planning
Options:
(a) (i)–(a), (ii)–(c), (iii)–(b)
(b) (i)–(c), (ii)–(a), (iii)–(b)
(c) (i)–(c), (ii)–(b), (iii)–(a)
(d) (i)–(b), (ii)–(c), (iii)–(a)
Answer: (d) (i)–(b), (ii)–(c), (iii)–(a)
B. Extra HSLC Pattern MCQs Questions with Answers
Q.1 Economic growth is basically a —
(a) Qualitative concept
(b) Quantitative concept
(c) Social concept
(d) Political concept
Answer: (b) Quantitative concept
Q.2 Per capita income is calculated by —
(a) National income × Population
(b) Population ÷ National income
(c) National income ÷ Total population
(d) GDP ÷ Area
Answer: (c) National income ÷ Total population
Q.3 Economic development is a —
(a) Narrow concept
(b) Purely quantitative concept
(c) Broader concept
(d) Temporary concept
Answer: (c) Broader concept
Q.4 Which of the following is NOT included in economic growth?
(a) Increase in output
(b) Rise in per capita income
(c) Changes in education system
(d) Increase in national income
Answer: (c) Changes in education system
Q.5 Economic development includes —
(a) Growth of income only
(b) Distribution of income
(c) Political development only
(d) Growth without welfare
Answer: (b) Distribution of income
Q.6 Human Development Report is published by —
(a) World Bank
(b) IMF
(c) UNDP
(d) WTO
Answer: (c) UNDP
Q.7 The first Human Development Report was published in —
(a) 1985
(b) 1990
(c) 2000
(d) 2010
Answer: (b) 1990
Q.8 Which is NOT an indicator of human development?
(a) Life expectancy
(b) Literacy
(c) Standard of living
(d) Industrial output
Answer: (d) Industrial output
Q.9 Life expectancy refers to —
(a) Total population
(b) Working life
(c) Expected years of survival at birth
(d) Average income
Answer: (c) Expected years of survival at birth
Q.10 Human development mainly focuses on —
(a) Increase in output
(b) Enrichment of human life
(c) Industrial growth
(d) Capital formation
Answer: (b) Enrichment of human life
Q.11 Which of the following are objectives of economic planning in India?
(i) Remove poverty
(ii) Remove regional inequalities
(iii) Increase luxury goods production
(iv) Sustainable development
(a) (i), (ii), (iv)
(b) (i), (iii), (iv)
(c) (ii), (iii)
(d) (i), (ii), (iii), (iv)
Answer: (a) (i), (ii), (iv)
Q.12 Indicators of HDI include —
(i) Life expectancy
(ii) Education
(iii) Per capita income
(iv) Foreign trade
(a) (i), (ii), (iii)
(b) (ii), (iii), (iv)
(c) (i), (iii)
(d) (i), (ii), (iv)
Answer: (a) (i), (ii), (iii)
Q.13 Assertion (A): Economic growth can occur without economic development.
Reason (R): Economic growth does not consider welfare and distribution of income.
(a) Both (A) and (R) are true and (R) explains (A)
(b) Both (A) and (R) are true but (R) does not explain (A)
(c) (A) is true, (R) is false
(d) (A) is false, (R) is true
Answer: (a) Both (A) and (R) are true and (R) explains (A)
Q.14 Assertion (A): Human development is broader than economic growth.
Reason (R): Human development includes social, cultural and political choices.
(a) Both (A) and (R) are true and (R) explains (A)
(b) Both are true but not related
(c) (A) is true, (R) is false
(d) (A) is false
Answer: (a) Both (A) and (R) are true and (R) explains (A)
Q.15 Match List I with List II —
List I | List II
(i) Economic Planning | (a) UNDP
(ii) Human Development Report | (b) Five-year period
(iii) HDI | (c) Combined index
(a) (i)-(b), (ii)-(a), (iii)-(c)
(b) (i)-(a), (ii)-(b), (iii)-(c)
(c) (i)-(c), (ii)-(a), (iii)-(b)
(d) (i)-(b), (ii)-(c), (iii)-(a)
Answer: (a) (i)-(b), (ii)-(a), (iii)-(c)
Q.16 Arrange the Five Year Plans in correct chronological order —
(i) First
(ii) Third
(iii) Second
(iv) Fourth
(a) (i), (iii), (ii), (iv)
(b) (i), (ii), (iii), (iv)
(c) (iii), (i), (ii), (iv)
(d) (ii), (i), (iii), (iv)
Answer: (a) (i), (iii), (ii), (iv)
Q.17 The Planning Commission was replaced by —
(a) World Bank
(b) IMF
(c) NITI Aayog
(d) Finance Commission
Answer: (c) NITI Aayog
Q.18 NITI Aayog came into operation in —
(a) 2012
(b) 2013
(c) 2014
(d) 2015
Answer: (d) 2015
Q.19 The Chairman of NITI Aayog is —
(a) President
(b) Prime Minister
(c) Finance Minister
(d) Chief Justice
Answer: (b) Prime Minister
Q.20 Planning in India is —
(a) Centralised planning
(b) Authoritarian planning
(c) Democratic planning
(d) Private planning
Answer: (c) Democratic planning
Q.21 Grassroot planning means —
(a) Planning by industries
(b) Planning at local body level
(c) Planning by central government
(d) Planning by private sector
Answer: (b) Planning at local body level
Q.22 India is called a mixed economy because —
(a) Only public sector exists
(b) Only private sector exists
(c) Both public and private sectors coexist
(d) Agriculture dominates
Answer: (c) Both public and private sectors coexist
Q.23 The first phase of economic planning covered —
(a) 1947–1950
(b) 1951–1990
(c) 1991–2017
(d) 2000–2020
Answer: (b) 1951–1990
Q.24 Green Revolution refers to —
(a) Industrial growth
(b) Increase in agricultural output using modern technology
(c) Expansion of forests
(d) Export promotion
Answer: (b) Increase in agricultural output using modern technology
Q.25 Liberalisation means —
(a) More government control
(b) Lessening state control
(c) Complete privatisation
(d) Economic isolation
Answer: (b) Lessening state control
Q.26 Privatisation involves —
(a) Sale of PSU shares
(b) Increase in subsidies
(c) Nationalisation
(d) Trade restriction
Answer: (a) Sale of PSU shares
Q.27 Globalisation means —
(a) Economic isolation
(b) Integration with world economy
(c) Only export promotion
(d) Only import substitution
Answer: (b) Integration with world economy
Q.28 Autarky refers to —
(a) Free trade
(b) Borderless world
(c) Economic isolation
(d) Mixed economy
Answer: (c) Economic isolation
Q.29 One benefit of economic reforms is —
(a) Decline in foreign exchange reserves
(b) Rise in growth rate
(c) Increase in fiscal deficit
(d) Rise in unemployment
Answer: (b) Rise in growth rate
Q.30 One problem of economic reforms is —
(a) Reduction in competition
(b) Excessive consumerism
(c) Decline in banking
(d) Fall in technology use
Answer: (b) Excessive consumerism
Q.31 Human Development Index (HDI) combines —
(a) Two indices
(b) Three indices
(c) Four indices
(d) Five indices
Answer: (b) Three indices
Q.32 Democratic planning ensures —
(a) Centralisation
(b) Decentralisation
(c) Militarisation
(d) Privatisation
Answer: (b) Decentralisation
Q.33 Economic planning period in India is generally —
(a) 3 years
(b) 4 years
(c) 5 years
(d) 10 years
Answer: (c) 5 years
Q.34 Services sector includes —
(a) Agriculture
(b) Mining
(c) Banking
(d) Manufacturing
Answer: (c) Banking
Q.35 Which sector’s contribution declined over time?
(a) Services
(b) Agriculture
(c) Banking
(d) Insurance
Answer: (b) Agriculture
Q.36 Foreign exchange reserve is held by —
(a) SBI
(b) RBI
(c) IMF
(d) World Bank
Answer: (b) RBI
Q.37 Economic development also includes changes in —
(a) Banking and health
(b) Climate only
(c) Military strength
(d) Borders
Answer: (a) Banking and health
Q.38 Sustainable development means —
(a) Present growth only
(b) Growth without environment concern
(c) Development without harming future generations
(d) Only industrial growth
Answer: (c) Development without harming future generations
Q.39 The Twelfth Five Year Plan covered —
(a) 2007–2012
(b) 2010–2015
(c) 2012–2017
(d) 2015–2020
Answer: (c) 2012–2017
Q.40 Assam’s Twelfth Plan aimed to increase HDI by investing in —
(a) Defence
(b) Health and education
(c) Transport only
(d) Tourism
Answer: (b) Health and education
Q.41 Liberalisation started mainly after —
(a) 1980
(b) 1991
(c) 2000
(d) 2010
Answer: (b) 1991
Q.42 One objective of Assam’s Twelfth Plan was —
(a) Remove democracy
(b) Achieve self-sufficiency in power
(c) Increase imports
(d) Reduce education
Answer: (b) Achieve self-sufficiency in power
Q.43 Economic growth focuses mainly on —
(a) Human welfare
(b) Income level
(c) Equality
(d) Environment
Answer: (b) Income level
Q.44 Human development emphasises —
(a) Output
(b) Profit
(c) Choices of people
(d) Exports
Answer: (c) Choices of people
Q.45 Inequality Adjusted HDI measures —
(a) Only income
(b) Class-wise development impact
(c) Trade balance
(d) Inflation
Answer: (b) Class-wise development impact
Q.46 Gender Inequality Index focuses on —
(a) Rural–urban gap
(b) Male–female inequality
(c) Income only
(d) Literacy only
Answer: (b) Male–female inequality
Q.47 Multidimensional Poverty Index shows —
(a) Income poverty only
(b) Different forms of poverty
(c) Foreign debt
(d) Fiscal deficit
Answer: (b) Different forms of poverty
Q.48 Economic planning objectives are decided by —
(a) Courts
(b) Planning authority
(c) Private sector
(d) Banks
Answer: (b) Planning authority
Q.49 One feature of democratic planning is —
(a) Decisions imposed from top
(b) People’s participation
(c) Military rule
(d) Central dominance
Answer: (b) People’s participation
Q.50 Human development is concerned with —
(a) Machines
(b) Capital only
(c) Quality of human life
(d) Natural resources only
Answer: (c) Quality of human life
SEBA Class 10 Economics Chapter 2 MCQs – Economic Development
SEBA Class 10 Economics Chapter 2 MCQs Economic Development are an essential study resource for HSLC students preparing for Economics MCQs. These SEBA Class 10 Economics Chapter 2 MCQs Economic Development strictly follow the updated SEBA 2026–27 Economics syllabus and the latest 45 MCQs examination pattern, making SEBA Class 10 Economics Chapter 2 MCQs Economic Development highly exam-oriented.
This page includes SEBA Class 10 Economics Chapter 2 MCQs Economic Development covering the concept of economic development, indicators of development, and national income. The SEBA Class 10 Economics Chapter 2 MCQs Economic Development explain per capita income, human development, poverty, and standard of living, ensuring SEBA Class 10 Economics Chapter 2 MCQs Economic Development remain concept-focused.
Students will also find HSLC Economics Chapter 2 MCQs previous year questions highlighting repeated Economics trends. Regular practice of SEBA Class 10 Economics Chapter 2 MCQs Economic Development along with SEBA Economics Chapter 2 objective questions improves accuracy, understanding, and Economics exam readiness.
If you are searching for reliable and updated SEBA Class 10 Economics Chapter 2 MCQs Economic Development, this content prepared by Assam Eduverse will help you revise development concepts effectively and score higher using SEBA Class 10 Economics Chapter 2 MCQs Economic Development.
FAQs – SEBA Class 10 Economics Chapter 2 MCQs
1. Are these SEBA Class 10 Economics Chapter 2 MCQs based on the latest HSLC exam pattern?
Yes, these SEBA Class 10 Economics Chapter 2 MCQs Economic Development follow the latest 45 MCQs HSLC Economics exam pattern.
2. Does this page include HSLC Economics Chapter 2 MCQs previous year questions?
Yes, this page includes HSLC Economics Chapter 2 MCQs previous year along with extra objective questions.
3. Is Economic Development important for Economics MCQs?
Yes, Economic Development is a very important chapter and MCQs are frequently asked from this topic in HSLC Economics examinations.
4. Are these MCQs useful for Class 10 SEBA Economics exam preparation?
Yes, these SEBA Economics Chapter 2 objective questions are ideal for Economics exam preparation and revision.
5. Are these Economics MCQs chapterwise?
Yes, all SEBA Class 10 Economics Chapter 2 MCQs are strictly chapterwise.
6. Are these MCQs updated for HSLC 2026–27 Economics examination?
Yes, these SEBA Class 10 Economics Chapter 2 MCQs Economic Development are fully updated for HSLC 2026–27 Economics exams.
7. Who prepared these Economics Chapter 2 MCQs?
These Economics MCQs are prepared by subject experts of Assam Eduverse following SEBA Economics guidelines.
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