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Indian Economy 1950 1990 Quiz 4 (25 MCQs)

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1. Who formulates five year plans in India?
2. Small-scale industries are more 'labour intensive' i.e., they use more labour than the large-scale industries and, therefore, generate less employment.
3. The planning commission was set up in which year in India?
4. Fixing the maximum size of land which could be owned by an individual is called?
5. Planning commission was set up in India with the Prime Minister as its Chairperson in _____
6. The maximum size of land an individual could have is known as
7. Eliminating subsidies will eliminate the goal or equity
8. What is the duration of plan period in India?
9. How many industries have been reserved for the public sector under Industrial Policy Resolution, 1956?
10. In the field of Economic Planning in India the government of India substituted NITI Ayog for Planning Commission and the on going five year planning concept abolished in which year?
11. The policy makers of independent India tried to bring in growth and equity in the agriculture sector through:i) Bringing in land Reformsii) Without using any 'High Yielding Variety' (HYV) seedsWhich of the above are correct?
12. Which one of the central problem of an Economy
13. ASSERTION(A):Just a year after independence, efforts towards land reforms were introduced. REASON (R):Ownership of land would give incentives to the tillers to invest in making improvements.
14. Who is the chairperson of the Planning commission?
15. The Village and Small-Scale Industries committee also called the Karve committee was constituted for the development of small-scale industries in _____
16. The Industrial licensing policy introduced during 1950-1990 aimed at _____
17. NITI Aayog was formed on?
18. Import substitution policy aimed at replacing or substituting imports with _____
19. Long term plan is also termed as _____
20. One of the common goals of five year plans is 'growth'. What does the growth imply?
21. A direct tax is a tax which is imposed on.
22. In a capitalist society the goods produced are distributed among people not on the basis of what people need but on the basis of what people can afford and are willing to purchase. This
23. Which of the following is the main focus of "Aatma Nirbhar Bharat Abhiyaan" announced by Prime Minister Narendra Modi to combat covid-19 crisis?
24. In which year was the Planning commission set up in India?
25. The Planning Commission was set up in:
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