Indian Economy 1950-1990

Question 1

Which is not the goal of 5 year plan
a) growth
b)self sufficiency
c) modernization
d) self reliance

Answer 1

B) self sufficiency

Question 2

First phase of green revolution achieved approximately

Answer 2

a) Mid 1960-Mid1970

Question 3

Chairperson of planning commission is_________________

Answer 3

Prime minister

Question 4

Small scale industries use more of_________ than large scale industries

Answer 4

Labour

Question 5

Regional equality was the main purpose of _________________________

Answer 5

Industrial policy resolution 1956

Question 6

Prime minister

Answer 6

Chairperson of planning Commission

Question 7

Quota

Answer 7

Quantity of goods that can be imported

Question 8

Land reforms

Answer 8

Improvements in the field of agriculture to increase its productivity

Question 9

Subsidies

Answer 9

The monetary assistance given by the government for production activities

Question 10

What are the goals of five year plans

Answer 10

The goals of five year plans are
1. Growth
2. Modernization
3. Self reliance
4. Equity

Question 11

Write two advantages of small scale industries

Answer 11

a)it is believed that small scale industries are more labour intensive i.e., they use more labour than capital

b) it is obvious that development of small scale industries requires them to be shielded from the large firms