The starting of land reforms programmes was set up in the right direction but it could not make much progress because of:

1. Lack of political will.
2. Malafide transfers.
3. Inadequate proof of tenants.
4. All the above.

Who takes the decisions regarding production and distribution of commodities in a mixed economy?

1. Market forces of demand and supply.
2. Government.
3. Both a and b in a combined way.
4. God.

Which of the following features is not associated with a socialist economy?

1. The economy has no private property and everything is owned by the state.
2. The government decides what to produce, how to produce and for whom to produce.
3. Incomes are equitably distributed.
4. It is called a free market economy.

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

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

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.

One of the following features is not associated with a socialist economy. Identify the feature.

1. The economy has no private property and everything is owned by the State.
2. The government provides free health care to those who need it.
3. Incomes are more or less equitably distributed
4. It is called a free market economy.

When was planning initiated in India?

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

.......... is an economy having elements of both capitalist and socialist economy.

1. Mixed economy.
2. Socialist economy.
3. Capitalist economy.
4. None of these.

In India, ...... was the Chairperson of Planning Commission.

1. Director.
2. Chief Minister.
3. President.
4. Prime Minister.

In the post-independence period, India adopted a ......... approach.

1. Socialist economy.
2. Mixed economy.
3. Capitalist economy.
4. None of these.