Indian Economy (1950-1990)

___________ refers to an arrangement by which central problems of an economy are solved.

• Economic System

• Mixed Economy

• Modernisation

• Socialist economy

______________ implies use of advanced technology .

The central problems of an economy are :

• What to produce

• how to produce

• For whom to produce

• All of these

When was the planning commission set up ?

• (a) 1949

• (b) 1950

• (c) 1956

• (d) 1850

In 1955 , karve committee was constituted for aiming the __________

Long term Goals of five year planning are :

• Growth

• Equity

• Land Reforms

• Modernisation

'Abolition of Intermediaries ' and 'Land Ceiling" are part of :

• (a) Industrial reforms in India

• (b) External sector reforms in India

• (c) Land reforms in India

• (d) Banking Reforms in India

Schedule _________ comprise of industries which would be exclusively owned by the state :

• A

• B

• C

• None

What is the year of India’s 12th 5-year plan?

• 2012 – 2017

• 2007-2017

• 1951-1056

• 2002-2007

The portion of agricultural produce which is sold in the market by the farmers is known as,

• Trade deficit

• Marketed surplus

• Subsidy

• Import substitution