Indian Economy 1950-1990

In which year was the Planning Commission set up in India?

• 1947 

• 1948      

• 1949

• 1950

In India which type of economic system is being followed?

• Capitalism  

• Socialism

• Mixed

• Monarchy

Who is considered to be the architect of Indian Planning?

• William Digby

• P. C. Mahalanobis   

• Dadabhai Naroji 

• R. C. Desai

What is meant by GDP?

• It refers to total value of Investment made in a year

• It is sum of all final goods and services produced in an economy in a financial year

• It is national income divided by population

• It is foreign investment made in a year

When was the 'Village and Small-scale Industries Committee' set up?

• 1955  

• 1958    

• 1949   

• 1950

In which of the following state did land reforms succeed the most?

• Punjab    

•    Haryana 

• Tamil Nadu

• West Bengal

Who was the first chairperson of the Planning commission of India?

• Jawaharlal Nehru

• Rajendra Prasad 

• Dadabhai Naoroji

• R. C. Desai

Schedule B of IPR 1956 includes:

• Those industries which are reserved for public sector

• Those industries which are open for both public and private sectors

• Residual industries

• Industries in which only Small-Scale Industries can enter

It refers to increase in the country’s capacity to produce the output of goods and services within the country.

• Modernisation      

• Production

• Development

• Growth

Fixing the maximum size of land which could be owned by an individual is known as:

• Land reforms

• Land ceiling

• Zamindari

• Land holdings