When was planning initiated in India?

1. In 1951
2. In 1952
3. In 1950
4. In 1956

When was the ‘Village and Small Scale Industries Committee' set up?

1. 1955
2. 1958
3. 1949
4. 1950.

Which factor led to the breaking up of the stagnation of agriculture?

1. Land reforms.
2. Green Revolution.
3. Buffer stocks.
4. Land ceiling.

Which of the following is not true for small scale industries?

1. SSI is labour intensive and therefore, employment oriented.
2. SSI needs small investment and is therefore, equity oriented.
3. SSI is capital intensive and therefore, increases productivity.
4. SSI shows locational flexibility and is therefore, equality oriented.

Which economic sector has the highest share in India's GDP?'

1. Agriculture Sector.
2. Tertiary Sector.
3. Industrial Sector.
4. Export Sector.

Green Revolution introduced during the planning process was restricted mainly to:

1. Wheat and rice.
2. Cereals and pulses.
3. Cotton and jute.
4. Jowar and bajra.

Self-reliance means avoiding:

1. Exports.
2. Imports.
3. Both (a) and (b).
4. None of the above.

Protection of domestic industries took the form of:

1. Quotas.
2. Tariffs.
3. Both (a) and (b).
4. None of the above.

What is meant by GDP?

1. It refers to total value of investment made in a year.
2. It is sum total of all final goods and services produced in an economy in a financial year.
3. It is national Income divided by population.
4. It is foreign investment made in a year.

In which year was the Planning Commission was set up in India?

1. 1947
2. 1948
3. 1949
4. 1950