12 Questions
What did Jawaharlal Nehru find appealing in terms of economic system for India?
Socialism without government ownership of all means of production
Which aspect of the former Soviet Union's socialism did Nehru not favor for India?
Government ownership of all means of production
What was one of the challenges in implementing the Soviet model of socialism in India, according to the text?
Ownership pattern of land and other properties by citizens
What did Nehru and other leaders of independent India aim for in terms of an economic system?
An alternative to extreme versions of capitalism and socialism
Why could India not implement the same kind of ownership pattern seen in the former Soviet Union?
Not feasible in a democratic nation like India
What did Nehru and other thinkers seek when they found an alternative to extreme versions of capitalism and socialism?
A mix of socialism without drawbacks
What are the goals of the five year plans discussed in the text?
Growth, modernisation, self-reliance, and equity
What does 'GDP' stand for in the context of the text?
Gross Domestic Product
How is 'growth' defined in the context of the text?
Increase in the country's capacity to produce goods and services
What is 'modernisation' in the context of the text?
Adoption of new technology to increase production
Which sector contributes to the GDP growth according to the text?
Agricultural sector
Who was set up as the Chairperson of the Planning Commission in 1950?
The Prime Minister
Explore the decision-making process behind choosing an economic system for independent India post-1947 and the appeal of socialism to leaders like Jawaharlal Nehru. Learn about the different types of economic systems to understand the context of India's choice.
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