Indian Economy Post-Independence Growth
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Questions and Answers

What was the main objective of India choosing the closed economy model post-independence?

  • To achieve industrial self-sufficiency (correct)
  • To promote agricultural exports
  • To encourage foreign investments
  • To increase dependence on imports

    • During which period did India witness rapid industrial growth according to the text?

  • Seventh and Eighth Plan period
  • Fourth and Fifth Plan period
  • First Five Year Plan period
  • Second and Third Plan period (correct)

    • What was one of the main reasons for high rates of industrial growth during the Second Plan period?

  • Emphasis on industrialisation in economic policies (correct)
  • Focus on agricultural development
  • Reduction in industrial investment
  • Increase in services sector investment

    • What role did domestic savings play in supporting the pace of economic expansion during the post-independence era?

    <p>It supported the pace of economic expansion</p> Signup and view all the answers

    Which economic policy made industrial growth the main objective during the Second and Third Plan period?

    <p>'Industrial Revolution' policy</p> Signup and view all the answers

    What major factor contributed to capacity creation in the industrial sector during the Second Plan period?

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

    What was the main objective of India choosing the closed economy model post-independence?

    <p>To achieve industrial self-sufficiency</p> Signup and view all the answers

    During which period did India witness rapid industrial growth according to the text?

    <p>Second Five Year Plan</p> Signup and view all the answers

    What did the Second Plan introduce in India?

    <p>'Industrial Revolution'</p> Signup and view all the answers

    Which factor contributed significantly to the high rates of industrial growth during the Second and Third Five Year Plans?

    <p>Making industrial growth the main objective</p> Signup and view all the answers

    What supported the pace of economic expansion during the post-independence era?

    <p>Both domestic savings and inflow of resources from abroad</p> Signup and view all the answers

    What was a key reason for high rates of industrial growth during the Second and Third Five Year Plans?

    <p>Huge investments being made to support capacity creation in the industrial sector</p> Signup and view all the answers

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