Podcast
Questions and Answers
What did Jawaharlal Nehru find appealing in terms of economic system for India?
What did Jawaharlal Nehru find appealing in terms of economic system for India?
- Extreme capitalism
- Extreme socialism like the former Soviet Union
- Socialism without government ownership of all means of production (correct)
- Capitalism
Which aspect of the former Soviet Union's socialism did Nehru not favor for India?
Which aspect of the former Soviet Union's socialism did Nehru not favor for India?
- No private property
- Government ownership of all means of production (correct)
- Extreme capitalism
- Government control over all citizens' properties
What was one of the challenges in implementing the Soviet model of socialism in India, according to the text?
What was one of the challenges in implementing the Soviet model of socialism in India, according to the text?
- Lack of democratic structure in India
- Excessive governmental control
- Lack of skilled labor in India
- Ownership pattern of land and other properties by citizens (correct)
What did Nehru and other leaders of independent India aim for in terms of an economic system?
What did Nehru and other leaders of independent India aim for in terms of an economic system?
Why could India not implement the same kind of ownership pattern seen in the former Soviet Union?
Why could India not implement the same kind of ownership pattern seen in the former Soviet Union?
What did Nehru and other thinkers seek when they found an alternative to extreme versions of capitalism and socialism?
What did Nehru and other thinkers seek when they found an alternative to extreme versions of capitalism and socialism?
What are the goals of the five year plans discussed in the text?
What are the goals of the five year plans discussed in the text?
What does 'GDP' stand for in the context of the text?
What does 'GDP' stand for in the context of the text?
How is 'growth' defined in the context of the text?
How is 'growth' defined in the context of the text?
What is 'modernisation' in the context of the text?
What is 'modernisation' in the context of the text?
Which sector contributes to the GDP growth according to the text?
Which sector contributes to the GDP growth according to the text?
Who was set up as the Chairperson of the Planning Commission in 1950?
Who was set up as the Chairperson of the Planning Commission in 1950?
