Untitled Quiz

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

Which of the following is a primary goal of the five year plans?

  • Encourage foreign ownership of resources
  • Dismantle public sector enterprises
  • Self-reliance (correct)
  • Increase market monopolies

What does economic growth primarily indicate within the context of five year plans?

  • Decrease in total productive capital
  • Increase in efficient resource allocation
  • Reduction of market competition
  • Increase in the country's capacity to produce goods and services (correct)

What was a key feature of the Second Five Year Plan?

  • Focus solely on external trade
  • Introduction of privatization policies
  • Emphasis on agrarian reforms above industrial growth
  • Development based on ideas from Mahalanobis (correct)

Which of these sectors was indicated as having a commanding role in planning?

<p>Power generation (A)</p> Signup and view all the answers

What does the concept of equity in the five year plans refer to?

<p>Fair distribution of resources among different sectors (C)</p> Signup and view all the answers

How did the Indian Planning Commission aim to manage limited resources in their five year plans?

<p>Prioritizing certain specified goals (D)</p> Signup and view all the answers

Which principle emphasizes the role of the private sector in the planning effort?

<p>Encouragement of private sector participation (A)</p> Signup and view all the answers

What is the role of planning goals in the context of the Indian Constitution's Directive Principles?

<p>To reflect key development priorities aligned with constitutional values (B)</p> Signup and view all the answers

What was the main goal of India's five-year plans introduced after independence?

<p>To initiate development that improves living standards (B)</p> Signup and view all the answers

Which of the following sectors experienced significant policy reforms from 1950 to 1990 in India?

<p>Agriculture and industry (A)</p> Signup and view all the answers

How have India's developmental policies since independence been characterized?

<p>A mix of socialism with capitalist ideals (A)</p> Signup and view all the answers

What aspect of economic growth does sustainability involve?

<p>Ensuring long-term resource availability (C)</p> Signup and view all the answers

What major impact did the World Trade Organization (WTO) have on developing countries?

<p>It opened markets but also increased competition (D)</p> Signup and view all the answers

In which year did India gain independence, marking a significant shift in its economic policies?

<p>1947 (B)</p> Signup and view all the answers

What is one forecasted outcome of India’s Tenth Plan?

<p>Increase in employment opportunities (D)</p> Signup and view all the answers

Which economic feature was emphasized during the First Five Year Plan?

<p>Regulated economic activity for development (B)</p> Signup and view all the answers

What was one of the main objectives of the economic planning in India after independence?

<p>Equity and growth (B)</p> Signup and view all the answers

Which factor contributed to the industrial sector's inefficiency during the planning period in India?

<p>Poor functioning of public sector enterprises (A)</p> Signup and view all the answers

How did the Green Revolution benefit Indian farmers?

<p>By increasing food grain production (C)</p> Signup and view all the answers

What issue arose from the anticipated decline of agricultural dependency in India?

<p>The proportion of people dependent on agriculture remained high (C)</p> Signup and view all the answers

What is meant by 'growth with equity' in the context of planning objectives?

<p>Ensuring that growth benefits are distributed fairly (B)</p> Signup and view all the answers

Why was public sector given a leading role in industrial development during the planning period?

<p>To ensure balanced economic development (B)</p> Signup and view all the answers

Which economic concept reflects the need for a developing country like India to follow self-reliance?

<p>Building local capacities and resources (B)</p> Signup and view all the answers

What was a major goal of India’s five-year plans related to agriculture?

<p>Achieving self-sufficiency in food grains (D)</p> Signup and view all the answers

Flashcards

Goals of Five Year Plans

The targets for the plans, generally including: growth, modernization, self-reliance, and equity.

Growth (in the context of plans)

Increase in the country's capacity to produce goods/services. It includes larger productive capital, better services (like transportation/banking), or increased efficiency.

Modernization (in the context of plans)

The process of improving and updating the country's systems and industries.

Self-reliance (in the context of plans)

The goal of reducing dependence on other countries for resources and industrial needs.

Signup and view all the flashcards

Equity (in the context of plans)

Fairness in distribution of resources and opportunities among the population.

Signup and view all the flashcards

Planning Commission

Commission set up in 1950 to guide India's first Five Year Plans.

Signup and view all the flashcards

Industrial Policy Resolution of 1948

A document outlining the industrial policy guidelines of the government.

Signup and view all the flashcards

Directive Principles of the Indian Constitution

These guidelines influence the direction of government policies, aiming for social justice and development.

Signup and view all the flashcards

Mixed Economy Model

An economic system that combines elements of both socialism and capitalism, aiming to balance public and private ownership and control over resources.

Signup and view all the flashcards

Five Year Plans

Comprehensive economic blueprints used by India to guide development and achieve specific goals over a five-year period.

Signup and view all the flashcards

Land Reforms

Changes made to land ownership patterns aimed at improving land distribution and farmer livelihoods

Signup and view all the flashcards

Green Revolution

A period of rapid agricultural development focused on increasing food production through new technologies and practices.

Signup and view all the flashcards

Marketable Surplus

The amount of agricultural produce that farmers can sell in the market after meeting their own needs.

Signup and view all the flashcards

Growth with Equity

Achieving economic growth while ensuring fair distribution of its benefits among different sectors of society.

Signup and view all the flashcards

Modernization

The process of upgrading industries and infrastructure to improve efficiency and competitiveness.

Signup and view all the flashcards

Self-Reliance

Minimizing dependence on other countries for essential resources and goods, aiming for economic independence.

Signup and view all the flashcards

India's Independence Date

India gained independence from British rule on August 15, 1947.

Signup and view all the flashcards

Five Year Plans (1950-1990)

Government-led economic development strategies implemented in India from 1950 to 1990 with goals to improve living standards and opportunities.

Signup and view all the flashcards

Regulated Economy

An economic system where the government plays a crucial role in regulating industries and other sectors to achieve specific aims or goals.

Signup and view all the flashcards

Economic System (India)

India's economic system combines socialist ideals with aspects of capitalism to develop an economy that helps improve people's lives and opportunities.

Signup and view all the flashcards

Pre-Independence Occupations

Occupations of Indians before independence. Agriculture was likely the main occupation.

Signup and view all the flashcards

Post-Independence Occupations

Occupations of Indians after independence. More diverse than before, with growth in industries.

Signup and view all the flashcards

India's Economy After Reforms

A hypothetical view of India's occupational scenario 15 years after reform policies (2020). It's expected to be more diverse and updated.

Signup and view all the flashcards

Study Notes

Indian Economic Development - Table of Contents

  • Textbook for Class XI
  • Foreword
  • Contents

Unit I: Development Policies and Experience (1947-1990)

  • Chapter 1: Indian Economy on the Eve of Independence
    • Low level of economic development under Colonial rule
    • Agricultural sector
    • Industrial sector
    • Foreign Trade
    • Demographic condition
    • Occupational structure
    • Infrastructure
  • Chapter 2: Indian Economy 1950-1990
    • Goals of Five Year Plans
    • Agriculture
    • Industry and Trade
    • Import Substitution Trade Policy

Unit II: Economic Reforms Since 1991

  • Chapter 3: Liberalisation, Privatisation and Globalisation: An Appraisal
    • Background
    • Liberalisation
    • Privatisation
    • Globalisation
    • Evaluation of the Indian Economy during Reforms

Unit III: Current Challenges Facing the Indian Economy

  • Chapter 4: Poverty
    • Who are the poor?
    • How are poor people identified?
    • The number of poor in India

Unit IV: Development Experiences of India: A Comparison with Neighbours

  • Chapter 10: Comparative Development Experiences of India and its Neighbours
    • Developmental Path - Snapshot Views
    • Demographic Indicators
    • Gross Domestic Product and Sectors
    • Indicators of Human Development
    • Development Strategies - An Appraisal

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

Related Documents

NCERT Class 11 Economics PDF

More Like This

Untitled Quiz
55 questions

Untitled Quiz

StatuesquePrimrose avatar
StatuesquePrimrose
Untitled Quiz
19 questions

Untitled Quiz

WellRunHydrogen avatar
WellRunHydrogen
Untitled Quiz
18 questions

Untitled Quiz

RighteousIguana avatar
RighteousIguana
Untitled Quiz
50 questions

Untitled Quiz

JoyousSulfur avatar
JoyousSulfur
Use Quizgecko on...
Browser
Browser