INDIA FROM 1950 TO 1990

READ THE QUESTIONS CAREFULLY BEFORE YOU ACT TO ANSWER

SOCIALIST ECONOMY
MARKET ECONOMY
PLANNED ECONOMY

mixed economy
socialist economy
capitalist economy

Under what kind of economy the government will provide essential goods and services which the market
mixed economy
socialist economy
capitalist economy

What is structural composition of an economy? explain in 100 words 

Why was public assigned greater role in the developement of Indian economy?

A..................is defined with reference to the maximum investment allowed on the assets of a unit.[ ................... ]It is believed that small-scale industries are more ‘labour intensive’ These use more labour than the large-scale industries and, therefore, generate more employment.
small scale industry
large scale industry
no industry

PUT THE FOLLOWING IN ORDER OF TIME
KARVE COMMITTEE
INDEPENDENCE OF INDIA
PLANNING COMMISSION
GREEN REVOLUTION
INDUSTRIAL POLICY RESOLUTION

MATCH THE FOLLOWING IN THE LIGHT OF GOALS OF INDIAN PLANNING
SELF-RELIANCE
GROWTH
EQUITY
MODERNISATION
EMPHASIS ON CHANGE IN SOCIAL OUTLOOK
ABOLITTION OF ZAMINDARI SYSTEM
FIXING TARIFF AND QUOTA ON IMPORTS
EMPHASIS ON INCREASING AGRICULTURAL PRODUCTIVITY

 Self –reliance means avoiding:
(a) Exports
(b) imports
(c) Both (a) and (b)
(d)None of the above.

a
b
c
d

A good indicator of growth is steady increase in the :
(a) Gross Domestic Product
(b) Net Domestic Product
(c) Population
(d) National income.

a
b
c
d

Which factor led to the breaking up of the stagnation of agriculture?
(a)Land reforms
(b) Green Revolution
(c) Buffer stocks
(d) Land ceiling.

a
b
c
d

The share of agricultural sector in India’s GDP has tended to:
(a) Decline
(b) Rise
(c) Remain constant
(d) First decline then increase

a
b
c
d

 Equity as a goal of planning aims to achieve the following objectives:
(a) Reduction in economic inequalities
(b) Curbing concentration of economic power
(c) Uplifting the weaker sections of the society
(d) All of the above

a
b
c
d

Which Five Year Plan was implemented during the year 2012–17?
(a) Eighteenth
(b) Ninth
(c) Eleventh
(d) Twelfth

a
b
c
d

 Long term plan is also termed as __________ plan.

retrospective
prospective
none of the above

......................... is regarded as the architect of Indian planning. 

GANDHI JI
P.C MAHALNOBIS
DADABHAI NAROJI
NONE OF THE ABOVE

When was NITI Aayog established?

(i) 1991
(ii) 2001
(iii) 2011
(iv) 2015

i
ii
iii
iv

Which of the following had been responsible for the heavy burden of the debt and its interest?

(i) BOP deficit
(ii) BOP surplus
(iii) Equilibrium
(iv) None of these

i
ii
iii
iv

Name the two states in which land-reform was successful?

(i) Maharashtra and Tamil Nadu
(ii) Karnataka and West Bengal
(iii) Uttar Pradesh and Bihar
(iv) West Bengal and Kerala

i
ii
iii
iv

In which year, Industrial Policy Resolution was adopted?

(i) 1956
(ii) 1950
(iii) 1965
(iv) 1953

i
ii
iii
iv

Who was the Chairperson of the Planning Commission of India?

(i) President of India
(ii) Finance Minister of India
(iii) Prime minister of India
(iv) Governor of RBI

i
ii
iii
iv

DOES FOLLOWING SHOW CORRECT MATCH?
YES
NO

Tenancy Reforms are concerned with:
(a) Regulation of Rent
(b) Security of Tenure
(c) Ownership Rights for Tenants.
Reorganisation of Agriculture is concerned with:
(a) Redistribution of Land
(b) Consolidation of Holdings
(c) Co-operative Farming.

TRUE
FALSE

........................... is that part of the agricultural produce which is sold in the market by the farmer.

SURPLUS
MARKETABLE SURPLUS
CONSUMER SURPLUS

 .............................was given minimum role in IPR 1956. New industry could start operation after it had obtained licence from the government. Licence was given after scrutiny by the government.

PUBLIC SECTOR
PRIVATE SECTOR
SERVICE SECTOR
NONE OF THE ABOVE

While ............. encourage farmers to use new technology, they are a huge burden on government finances.

DIRECT TAXES
INDIRECT TAXES
SUBSIDIES
NONE OF THE ABOVE

Green revolution refers to the tremendous increase in agricultural production and productivity that has come about with the introduction of new agricultural technology. It transformed the economy of scarcity into an economy of plenty.

true
false

Features of Self reliance are:
(a) Self-sufficiency in foodgrains.
(b) Fall in foreign aid and reduced dependence on imports which is possible when there is growth in domestic production.
(c) Rise in exports.
(d) Rise in contribution of industries in grass domestic product.

a
b
c
d
all a,b,c and d

........................ is an economic benefit, direct or indirect, granted by a government to domestic producers of goods or services, often to strengthen their competitive position against foreign companies.

TAX
SUBSIDY
PENALTY
NONE OF THE ABOVE

THE POLICY OF GOVERNMENT OF INDIA SINCE 1950 TO 1990 WAS A FAILED POLICY SINCE IT INCREASED DEBT BURDEN, MADE ECONOMY LESS COMPETITIVE AND COMPELLED TO SHIFT FROM OLD POLICY FORMULATION TO NEW 
TRUE
FALSE