Indian Five-Year Plans: Agriculture, Industry, Trade and Wealth Distribution

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What type of economic system did India adopt after independence?

Planned Economy

Socialist Economy

Mixed Economic System (correct)

Capitalist Economy

Who was the Chairperson of the Planning Commission set up in 1950?

Jawaharlal Nehru (correct)

Indira Gandhi

Morarji Desai

Sardar Vallabhbhai Patel

Which document reflected India's economic outlook of a socialist society with a strong public sector and private property?

Directive Principles of the Indian Constitution

Second Five Year Plan (1956-61)

Industrial Policy Resolution of 1948 (correct)

First Five Year Plan (1951-56)

Which year saw the laying out of the First Five Year Plan in India?

1951 Signup and view all the answers

What is the main idea behind the need for planners to balance goals in a plan?

Having equal importance for all goals in a plan is unrealistic. Signup and view all the answers

Why is Prasanta Chandra Mahalanobis considered the architect of Indian planning?

He established the Indian Statistical Institute and started the journal Sankhya. Signup and view all the answers

What distinguished the Second Five Year Plan in terms of development planning?

It laid down fundamental ideas regarding the goals of Indian planning. Signup and view all the answers

What was the main purpose behind establishing NITI Ayog in 2015?

To foster involvement and participation of State Governments in economic policy making. Signup and view all the answers

What was the main goal of the Indian government in relation to agriculture during the first seven five-year plans?

Promoting equity and growth in the agriculture sector Signup and view all the answers

Why was there a need for land reforms in India at the time of independence?

To eliminate intermediaries like zamindars who collected rent without contributing to farm improvements Signup and view all the answers

What was one of the key reasons for low productivity in the Indian agricultural sector?

Intermediaries like zamindars who did not invest in farm improvements Signup and view all the answers

How did technological reforms like the Green Revolution contribute to the Indian agriculture sector?

By increasing productivity and output Signup and view all the answers

What was the main idea behind the policy of 'land to the tiller'?

To provide ownership of land to tenants to incentivize them to invest and improve output. Signup and view all the answers

How did the abolition of intermediaries impact tenants?

Direct contact with the government and freedom from zamindar exploitation. Signup and view all the answers

In what way did some former zamindars circumvent the legislation after abolition?

By exploiting legal loopholes to retain large land holdings. Signup and view all the answers

Who among the following did not benefit significantly from the land reforms mentioned?

Share croppers and landless laborers Signup and view all the answers

Indian Five-Year Plans: Agriculture, Industry, Trade and Wealth Distribution

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