Indian Economy

At independence, the Indian economy was primarily:

• a) Industrial

• b) Service-based

• c) Agrarian

• d) Technology-based

The “License Raj” is associated with which policy period?

• Post-liberalization

• Pre-1947

• Statist period (1950–1980)
  
  

• None

NITI Aayog replaced the Planning Commission in:

• 2000

• 2010

• 2015

• 2018

The two phases of growth refer to

• 1950–1970 and 1970–1990
  
  

• 1950–1980 and 1980 onwards
  
  

• 1947–1965 and 1965 onwards

• 1980–1991 and 1991 onwards
  
  

At the time of independence, India had a strong industrial base. Say true or false

Structural change involves shift in employment and output from agriculture to non-agriculture. Say true or false

1. Assertion: India's growth rate accelerated post-1980.
   Reason: Liberalization policies started in 1991.

• Both A and R are true, and R is the correct explanation.

• Both A and R are true, but R is not the correct explanation.

• A is true, R is false

• Both A and R are false

1. Assertion: The Planning Commission prepared Five-Year Plans.
   Reason: It was responsible for centralized economic planning.

• a) Both A and R are true, and R is the correct explanation.

• b) Both A and R are true, but R is not the correct explanation.

• c) A is true, R is false

• d) Both A and R are false

The Planning Commission was established in the year ______.

Which revolution increased food grain production in India?

• a) White

• b) Green

• c) Blue

• d) Yellow