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 planning commission was set up under the leadership of
President
Governor
Prime Minister
Chief minister
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
In which society the government decides what goods are to be produced in accordance with the needs of society?
Capitalist
Socialist
Feudalistic
Mixed economy
Among the following what are the goals of the five year plan?
A) Growth
B) Modernization
C) Equity
D) Self-reliance
Pick correct answer:
A and B
B, C, and D
D only
All the above
Who is known as the architect of Indian Planning ?
Jawaharlal Nehru
Mahatma Gandhi
Prasanta Chandra Mahalanobis
Radhakrishnan
When was the planning Commission set up?
1950
1951
1949
1947
The long term plan made by the planning commission is known as
Perspective plan
Local plan
Prospective plan
Financial plan
Equity in agriculture called for _________ which primarily refer to change in the ownership of landholdings.
Trade policy
Self reliance
Land reforms
Subsidy
What is the duration of the plans in India ?
10 years
5 years
3 years
4 years
