eve of independence

When was the planning commission set up?

• 1949

• 1950

• 1951

• 1850

Capitalist Economy is controlled and operated by

• Private sector

• Public sector

• Both A and B

• None of the above

India adopted the ____________ economic system.

• Capitalist

• Mixed

• Socialist

• None of the above

______________economy is the economy in which means of production are owned, controlled and operated by the government.

• Mixed

• Socialist

• Capitalist

• None of the above

Which of the following explains the term economic growth?

• Increase in per capita production

• Increase in per capita real income

• Structural change in the economy

• All of the above

Which year is known as the"Year of Great Divide"

• 1921

• 1951

• 1981

• 1991

When was New Economic Policy introduced in India

• 1991

• 1981

• 1995

• 2000

The opening of Suez canal served as a direct route for ships operating between:

• India and America

• India and Sri Lanka

• India and Pakistan

• India and Britain

The main reason for decline in handicraft industry during the colonial rule was:

• Lack of raw materials

• Lack of Skilled workers

• Discriminatory tariff policy

• None of the above

Which of the following industry was adversely affected by partition:

• Silk

• Jute

• Cotton

• Nylon