12-ch-2-Indian Economy

In which of the following type of economy are resources owned privately and the main objective behind economic activities is profit-making?

• Capitalist

• Socialist

• Mixed

• Global

What type of economy is followed in India?

• Communist

• Capitalist

• Mixed

• Socialist

When was the planning commission set up in India?

• 5th March 1951

• 25th April 1951

• 20th March 1951

• 15th March 1950

In which year India's First five year plan launched ?

• 1951

• 1947

• 1940

• 1955

Agrarian reforms refer to

• technical reforms in agriculture

• land reforms in agriculture

• both (a) and (b)

• none of the above

Industrial policy resolution,1956 laid emphasis on the role of

• public sector

• private sector

• joint sector

• none of these

investment limit for small scale industries is

• 1 crore

• 2 crore

• 3 crore

• 5 crore

The strategy of growth between the period 1951-90 focused on

• Import substitution

• export promotion

• leading role of public sector enterprises

• both (a) and (c)

land reforms refer to reforms or changes in agriculture relating to

• ownership of holdings

• landlord -tenant relationship

• land revenue

• size of consolidation of holdings

Planning in India focuses on the following long period goals-

• GDP growth

• Full employment

• increase in per capita income

• Modernization