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 (a)   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 (a)   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.

(a)   make imported goods more expensive and discourage their use.

In 1950, a small-scale industrial unit waas one which invested a maximum of (a)   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.