Indian Economy

It is a conscious design to shape the socio-economic processes in order to achieve an objective

• Economic planning

• Economic development

• Economic growth

• Economic infrastructure

What type of economy is followed in India?

• Communist

• Capitalist

• Mixed Socialist

• None of these

What is the year of India’s 12th 5-year plan?

• 1997 – 2002

• 2002 – 2007

• 2007 – 2012

• 2012 – 2017

Which is the primary objective of economic planning in India?

• Reducing Inequalities of income

• Abolition of poverty

• Growth with social justice

• Removing unemployment

The planning commission was set up in which year in India?

• 5th March 1951

• 25th April 1951

• 20th March 1951

• 15th March 1950

Who presented the 1st 5-year plan of the country?

• Pt. Jawahar Lal Nehru

• Sardar Ballabh Patel

• Dr. Rajendra Prasad

• None of these

At independence, about ___________________ of the country's population was dependent on agriculture.

• 70%

• 75%

• 65%

• 80%

The Industrial Policy Resolution was adopted in --------------

• 1954

• 1958

• 1956

• 1952

Self reliance means

• Avoiding imports

• Produce goods in India which are imported from abroad

• Export promotion

• None of these

Tariffs and quotas adopted under industrial policy was to -----

• increase export

• make exported goods cheaper

• increase foreign competition

• restrict imports and protect domestic firms from foreign competition