Indian Economic Planning and Policies

The video discusses the establishment of the Planning Commission in 1950, its role in formulating five-year plans for India's economic development, and the transition to NITI Aayog in 2017. The first plan focused on agriculture, while the second emphasized industrial growth, facing criticism for environmental concerns. Despite progress, India still grapples with issues like discrimination and poverty. The video highlights India's unity and democratic resilience.

What was the primary purpose of establishing the Planning Commission in 1950?

• To promote international trade

• To design policies for economic development

• To regulate the stock market

• To manage India's foreign relations

Which model of economy was adopted by India as per the Planning Commission's strategy?

• Traditional economy

• Mixed economy

• Socialist economy

• Capitalist economy

What was the main focus of India's first five-year plan?

• Industrial development

• Educational reform

• Agricultural development

• Infrastructure development

Which of the following projects was NOT mentioned as part of the first five-year plan?

• Damodar Valley Project

• Tungabhadra Project

• Sardar Sarovar Project

• Bhakra Nangal Project

What was the primary focus of the second five-year plan?

• Industrial development

• Agricultural development

• Tourism promotion

• Healthcare improvement

Who criticized the second five-year plan for its environmental impact?

• Meera Ben

• Jawaharlal Nehru

• B. R. Ambedkar

• Sardar Patel

When did the NITI Aayog replace the Planning Commission?

• 2015

• 2018

• 2016

• 2017

What role does NITI Aayog play in the Indian government?

• It oversees the education system

• It regulates the banking sector

• It provides policy-based guidance to the government

• It manages the country's defense policies

Which of the following issues is NOT mentioned as a challenge still faced by India?

• Lack of natural resources

• Economic inequality

• Poverty

• Discrimination

Despite its challenges, what is a notable achievement of India as a nation?

• Achieving 100% literacy

• Eliminating poverty completely

• Maintaining unity and diversity

• Becoming a military state