When was planning initiated in India?

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

Who was the first chairperson of the Planning Commission of India?

1. Jawahar Lal Nehru.
2. Rajendra Prasad.
3. Dadabhai Naroji.
4. R.C. Desai.

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 crops like:

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

Under which system the goods are distributed among people not on the basis of what people need but on the basis of purchasing power?

1. Capitalistic system.
2. Socialistic system.
3. Mixed system.
4. Dual system.

The goal of equitable or rational distribution of land was not fully served by abolition of intermediaries. Why?

1. Owing to policy loopholes former zamindars continued to owed large lands.
2. In some areas zamindars claimed to be self-cultivator.
3. Lack of political will.
4. All of the above.

GDP (Gross Domestic Product) is a good indicator of growth but not development, because:

1. GDP is a partial measurement.
2. GDP do not cover all type of goods.
3. GPD may increase on account of production of harmful goods.
4. All of the above.

Long-term objectives to be achieved over a long period of time formulated with reference to common goals of plans are called:

1. Objectives of plans.
2. Objectives of planning.
3. Perspective plans.
4. Both (b) and (c).

Strategic industries were under the control of _______ under IPR, 1956.

1. Public Sector.
2. Private Sector.
3. Joint Sector.
4. None of the above.

What is meant by Per Capita Income?

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.