Indian Economy 1950-1990

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Questions and Answers

What is the main reason for India's import substitution policy?

To enable free trade with other countries.

To increase the availability of imported goods.

To reduce dependence on foreign goods and promote domestic industries. (correct)

To lower prices of imported goods.

Which of these is NOT an objective of Indian Five-Year Plans?

Privatisation (correct)

Self-sufficiency

Growth

Modernisation

What is a major criticism of the public sector in India's industrial development during the planning period?

It became inefficient and incurred significant losses. (correct)

It was too focused on profit generation.

It was too heavily reliant on foreign investment.

It lacked the necessary technological expertise.

What is one reason why India has not witnessed a significant decline in the proportion of people depending on agriculture?

Limited growth in industrial employment opportunities. (D) Signup and view all the answers

What is the main goal of "growth with equity" as a planning objective?

Balancing economic growth with social justice and equal opportunity. (B) Signup and view all the answers

Why was self-reliance considered a crucial objective for India's Five-Year Plans?

To reduce dependence on foreign aid and technology. (D) Signup and view all the answers

What is the "marketable surplus" in agriculture?

The portion of agricultural produce that is sold in the market. (C) Signup and view all the answers

How did the Green Revolution enable the government to procure sufficient food grains?

By increasing agricultural productivity and creating a surplus. (C) Signup and view all the answers

What is a key question addressed by India's five-year plans?

How to distribute goods and services among the population. (C) Signup and view all the answers

What is a suggested activity for students to understand agricultural practices in India?

Conducting a case study of a local farm. (C) Signup and view all the answers

What is a potential focus of a class discussion related to agriculture and international organizations?

The impact of globalization on Indian agriculture. (D) Signup and view all the answers

What might a pie chart comparing occupational structures in India's economy in 1950-51 and a later period reveal?

The growth of the service sector compared to agriculture and industry. (A) Signup and view all the answers

What might a class discussion about the Indian economy aim to achieve?

Analyzing the pros and cons of government intervention in the economy. (D) Signup and view all the answers

Which of the following is NOT a key question that India's five-year plans attempt to address?

How much should each worker be paid for their labor? (D) Signup and view all the answers

What aspect of agricultural practices is NOT specifically mentioned as a potential focus for student research?

The impact of climate change on agriculture. (C) Signup and view all the answers

What is a key reason why studying agricultural subsidies is relevant in the context of India's economic development?

To understand the impact of global trade agreements on farmers. (C) Signup and view all the answers

Flashcards

India's Five Year Plans

Strategic plans aimed at economic growth and social development in India.

Regulated Economy

An economy where government regulations control production and distribution.

Agriculture Policies (1950-1990)

Guidelines and regulations governing farming practices and support in India during the specified period.