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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</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</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</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</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</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</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</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</p> Signup and view all the answers

    What aspect of economic growth does sustainability involve?

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

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

    <p>1947</p> Signup and view all the answers

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

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

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

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

    How did the Green Revolution benefit Indian farmers?

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

    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

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