The industrial policy adopted in the first seen Five year plans is called _____________ Substitution.
Export substitution.
Import substitution
Marginal rate of substitution
Factor substitution
The small scale industries Committee are also called the _________ committee.
Karve
Narasimham
Planning
Sachar
In the language of economics, a good indicator of economic growth is steady increase in the
Percapita income
Gross Domestic product
income of the individuals
Standard of living of the people
The long term plan made by the planning commission is known as
Perspective plan
Local plan
Prospective plan
Financial plan
The purpose of the IPR 1956 was to promote regional
Disparity
Equality
Inequality
Development
In a ________ economy, only those consumer goods will be produced that are in demand which can be sold profitability.
Capitalist
Socialist
Mixed
Planned
Who is known as the architect of Indian Planning ?
Jawaharlal Nehru
Mahatma Gandhi
Prasanta Chandra Mahalanobis
Radhakrishnan
Which of the following is the aim of public sector?
1) Profit
2) Welfare
3) Investment
4) Income
Both 1 and 4
2 only
3 and 2
Only 4
When was the planning Commission set up?
1950
1951
1949
1947
The first seven five year plans gave importance to
Self-reliance
Dependence on other countries
Import
Export
