India's Economic Development
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Questions and Answers

What were the goals of India’s five year plans?

  • To raise the living standards and open out to the people new opportunities for a richer and more varied life (correct)
  • To maintain the existing economic system
  • To focus only on industrial development
  • To prioritize the welfare of a few over the majority

    • What was the job of nation building in India after gaining independence?

  • In the hands of the leaders of independent India (correct)
  • Left to the individual states to handle
  • Delegated to foreign advisors
  • Outsourced to international organizations

    • What type of economic system did the leaders of independent India seek?

  • A system promoting the welfare of a few over the majority
  • A system which would promote the welfare of all rather than a few (correct)
  • A system favoring only industrial development
  • A completely free market economy

    • What was the central objective of Planning in India?

    <p>To initiate a process of development which will raise the living standards and open out to the people new opportunities for a richer and more varied life</p> Signup and view all the answers

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