When was first five-year plan introduced?

1. 1st April, 1950
2. 1st April, 1951
3. 1st April, 1952
4. 31st March, 1950

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.

Who is considered to be the architect of Indian planning?

1. Willian Digby.
2. P.C. Mahalanobis.
3. Dadabhai Naroji.
4. R.C. Desai.

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.

Who formulates five year plans in India?

1. Reserve Bank of India.
2. Planning Commission.
3. Parliament.
4. Supreme Court.

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

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

Capitalist structure was not adopted by Indian economy due to:

1. Less scope for improvement of quality of human life.
2. More democratic structure was needed.
3. There was a need to reduce role of public sector.
4. None of the above.

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

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

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.

Who is known as the architect of Indian Planning'?

1. Jawaharlal Nehru.
2. Dr. BR Ambedkar.
3. PC Mahalanobis.
4. Sardar Vallabh bhai Patel.