Indian Economy (1950- 1990)

Question 1

4 goals of five year plans

Answer 1

Modernisation
Equity
Growth
Self reliance

Question 2

5 Problems of agriculture

Answer 2

High dependence on agriculture
Outdated technology
Low productivity
Small land holdings
Disguised unemployment

Question 3

2 measures to improve agriculture

Answer 3

Land reforms
Green revolution

Question 4

2 types of land reforms

Answer 4

Abolition of intermediaries
Land ceiling

Question 5

Effects of green revolution

Answer 5

Marketable surplus
Buffer stock
Benefit to low income groups

Question 6

3 points for the role of the public sector in industrial development

Answer 6

Shortage of capital with private sector
Lack of incentive for private sector
Objective of social welfare