The industrial policy adopted in the first seen Five year plans is called _____________ Substitution.
Export substitution.
Import substitution
Marginal rate of substitution
Factor substitution
Among the following what are the goals of the five year plan?
Growth
Modernization
Equity
All the above
The planning commission was set up with the _________ as its chairperson.
President
Governor
Prime Minister
Chief minister
The first seven five year plans gave importance to
Self-reliance
Dependence on other countries
Import
Export
In the language of economics, a good indicator of economic growth is steady increase in the
Population
Gross Domestic product
Wealth of individuals
Percapita income
Distribution under __________ is supposed to be based on what people need and not on what they can afford to purchase.
Feudalism
Capitalism
Socialism
Mixed economy
What is the duration of the plans in India ?
10 years
5 years
3 years
4 years
________ refers to increase in the country capacity to produce the output of goods and services within the country.
Land reforms
Development
Technology
When was the planning Commission set up?
1950
1951
1952
1953
In which year was Mahalanobis born?
1893
1892
1891
1890