12 IE-2 Indian Economy (1950-90)

In the Industrial Policy Resolution of 1956, industries were classified into _______ categories.

• 2

• 3

• 4

• 5

During first seven five-year plans, the Government of India adopted _________ policy to protect domestic industries.

• export promotion

• import substitution

• land reforms

• self-reliance

When was Karve committee constituted?

• 1948

• 1955

• 1956

• 1990

Policy of 'import substitution' was targeted to protect _______ industries.

• foreign

• domestic

• village

• small scale

The abolition of intermediaries meant that some _________ lakh tenants came into direct contact with the government

• 50

• 100

• 150

• 200

_______ make imported goods more expensive and discourage their use.

• tariffs

• quotas

• sales tax

• toll tax

The first seven five year plans gave importance to _________ which means avoiding imports of those goods which could be produced in India itself.

• growth

• modernisation

• self-reliance

• equity

Industrial Policy Resolution 1956 formed the basis of the ______ five year plan.

• first

• second

• third

• fourth

_________ is the portion of agricultural produce which is sold in the market by the farmers, after meeting their self-consumption requirement.

• trade surplus

• marketable surplus

• producer surplus

• consumer surplus

Which of the following statement is correc with reference to the mixed economy system in India?

• predominance of free markets

• predominance of planning

• Absence of planning

• co-existence of public and private sector