Indian Economy 1950-1990
Bihar Board · Class 11 · Economics
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Who was the architect of Indian planning in the early years?
What were the four main goals of India's five-year plans?
What was the primary aim of the Green Revolution?
What was the Industrial Policy Resolution of 1956 primarily concerned with?
Sample Questions
What economic system did India adopt after independence?
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Mixed Economy
India adopted a mixed economic system combining features of socialism and capitalism, with significant government planning and private sector participation.
What was the primary purpose of land reforms in India?
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To promote equity by changing land ownership
Land reforms aimed to abolish intermediaries and give land ownership to actual tillers, promoting social and economic equity.
What trade strategy did India follow during 1950-1990?
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Import substitution
India followed an inward-looking trade strategy aimed at replacing imports with domestic production and protecting domestic industries.
What was a key characteristic of small-scale industries in India?
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They were more labor-intensive
Small-scale industries were characterized by their higher labor usage compared to large-scale industries, generating more employment.
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