Indian Economy

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Questions and Answers

Who was the first chairperson of the Planning Commission of India?

  • R.C Desai
  • Jawaharlal Nehru (correct)
  • Dadabhai Naroji
  • Rajendra Prasad

What does per capita income refer to?

  • Total value of investment made in a year
  • Sum of all final goods and services produced in an economy in a financial year
  • National income divided by population (correct)
  • Foreign investment made in a year

What does Schedule B of IPR 1956 include?

  • Industries in which only Small Scale Industries can enter
  • Industries open for both public and private sectors (correct)
  • Residual industries
  • Industries reserved for the public sector

Flashcards

Jawaharlal Nehru

First chairperson of the Planning Commission of India.

Per Capita Income

National Income divided by the total population.

Schedule B of IPR 1956

Industries open to both public and private sectors, as per the IPR 1956.

Schedule A of IPR 1956

Industries exclusively reserved for the public sector, according to the IPR 1956.

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Study Notes

  • Jawaharlal Nehru was the first chairperson of the Planning Commission of India.
  • Per capita income is national income divided by population.
  • Schedule B of IPR 1956 includes industries open for both public and private sectors.
  • Schedule A of IPR 1956 includes industries reserved for the public sector.

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