Indian Economy (1950-1990)

One of the common goals of five year plans is ‘growth’. What does the growth imply?

• A large stock of productive capital

• A large size of supporting services like transport and banking

• An Increase in the efficiency of productive capital and services

• All of the above

Planning commission was set up in India with the Prime Minister as its Chairperson in____.

• 1947

• 1950

• 1951

• 1948

The Village and Small-Scale Industries committee also called the Karve committee was constituted for the development of small-scale industries in________.

• 1950

• 1954

• 1955

• 1956

A good indicator of __________ is the steady increase in the GDP.

After independence, India envisaged an economic system which combines the best feature of socialism and capitalism this culminated in the _____________ mode.

Which of the following in not included in land reforms?

• Use of high yielding variety seeds

• The abolition of intermediaries

• The change in ownership of landholdings

• Land ceiling.

_________ make imported goods more expensive and discourage their use.

In 1950, a small-scale industrial unit waas one which invested a maximum of _____ lakh, while at present the maximum investment allowed is one crore.

The concept of five year plan in India was introduced by

• Lord Mountbatten

• Gandhi Indira

• Jawahar lal Nehru

• Lal Bahadur Shastri

Self reliance means

• Avoiding imports

• Produce goods in India which are imported from abroad

• Export promotion

• None of these.