Indian economy 1950 to 1990

What was the primary focus of the First Five-Year Plan (1951–1956)

• Agriculture and rural development

• Foreign investment

• Heavy industries and public sector

• Tourism and trade

The Industrial Policy Resolution of 1956 categorized industries into:

• 3

• 2

• 1

• 4

What does 'Import Substitution' mean in the context of India’s trade policy?

• Promoting exports over imports

• Encouraging domestic production to replace imports

• Reducing imports of oil

• Replacing exports with imports

Which plan period introduced the Green Revolution in India?

• First

• Second

• Third

One of the main goals of the Industrial Policy Resolution of 1956 was to:

• Abolish the public sector

• Promote private monopolies

• Establish a socialist pattern of society

• Focus only on agriculture

Which of the following crops saw major improvement due to the Green Revolution

• Pulses

• Cotton

• Sugarcane

• Wheat