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State PSC Indian Economy — practice questions — page 4

Explore 387 free Indian Economy questions in State PSC Economics. Open each question or exercise to read its content, reference answers and available explanation.

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Indian Economy questions and exercises with answers

Showing questions 91–120 of 387.

Which economic system appealed most to Jawaharlal Nehru?Read the answer and worked solution →An economy in which both the government and the market answer the three basic questions is a:Read the answer and worked solution →India borrowed the idea of five year plans from the:Read the answer and worked solution →The long-term twenty-year plan that the five year plans were meant to serve is called a:Read the answer and worked solution →The Planning Commission was set up in which year?Read the answer and worked solution →The Planning Commission was chaired by the:Read the answer and worked solution →Growth, modernisation and self-reliance were three plan goals. Which was the fourth?Read the answer and worked solution →Planning in the real sense began with which five year plan, built on Mahalanobis's ideas?Read the answer and worked solution →Mahalanobis established which institute in Calcutta?Read the answer and worked solution →The statistics journal started by Mahalanobis is called:Read the answer and worked solution →By 1990 the service sector's share of India's GDP had reached:Read the answer and worked solution →Fixing the maximum size of land an individual could own is called:Read the answer and worked solution →Abolition of intermediaries brought how many tenants into direct contact with the government?Read the answer and worked solution →Land reforms were most successful in West Bengal and which other state?Read the answer and worked solution →The green revolution used HYV seeds especially for wheat and:Read the answer and worked solution →In its first phase, HYV use was restricted to affluent states like Punjab, Tamil Nadu and:Read the answer and worked solution →The portion of agricultural produce that farmers sell in the market is called:Read the answer and worked solution →The Industrial Policy Resolution that sorted industries into three categories was adopted in:Read the answer and worked solution →The 1955 committee that saw small-scale industry as a route to rural development was the:Read the answer and worked solution →The inward-looking trade strategy of the first seven plans is technically called:Read the answer and worked solution →Industry's share of GDP rose from 13 per cent in 1950-51 to what in 1990-91?Read the answer and worked solution →Modern Bread, a public sector bread firm, was sold to the private sector in:Read the answer and worked solution →Catch the plan goalsRead the answer and worked solution →Pop the land reform wordsRead the answer and worked solution →Run the planning datesRead the answer and worked solution →Slice the green revolution inputsRead the answer and worked solution →Agriculture or industryRead the answer and worked solution →Sort the plan goalsRead the answer and worked solution →Type the numberRead the answer and worked solution →Planned economy bingoRead the answer and worked solution →

Worked practice questions

Which economic system appealed most to Jawaharlal Nehru?

  1. Socialism
  2. Capitalism
  3. Feudalism
  4. Mercantilism
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Correct answer: A. Socialism

1. He rejected the Soviet version with no private property. 2. Socialism appealed to Nehru most. 3. India chose a mixed path with a strong public sector. _Source: syllabus Indian Economic Development, Chapter 2, Indian Economy 1950-1990._

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An economy in which both the government and the market answer the three basic questions is a:

  1. Barter economy
  2. Mixed economy
  3. Market economy
  4. Command economy
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Correct answer: B. Mixed economy

1. The market supplies what it produces well. 2. Most economies are mixed economies. 3. The government provides essential goods. _Source: syllabus Indian Economic Development, Chapter 2, Indian Economy 1950-1990._

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India borrowed the idea of five year plans from the:

  1. Former Soviet Union
  2. United States of America
  3. Great Britain and Ireland
  4. Republic of China
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Correct answer: A. Former Soviet Union

1. It was the pioneer in national planning. 2. Five year plans came from the former Soviet Union. 3. Plans ran till 2017. _Source: syllabus Indian Economic Development, Chapter 2, Indian Economy 1950-1990._

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Current AffairsOrganisationsPlanning And EconomyIndian PolityAgricultureIndependent IndiaColonial IndiaModern Indian History