Schedule B of IPR 1956 includes:

1. Those industries which are reserved for public sector.
2. Those industries which are open for both public and private sectors.
3. Residual industries.
4. Industries in which only Small Scale Industries can enter.

......... refers to the maximum size of landholding that an agricultural household can own.

1. Land reforms.
2. Land ceiling.
3. Land holding.
4. None of the above.

Who is known as the architect of Indian Planning'?

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

When was first five-year plan introduced?

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

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

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

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.

The Planning Commission was set up in:

1. 1948
2. 1950
3. 1951
4. 1956

Protection of domestic industries took the form of:

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

Fill in the blank with correct alternative.
First Industrial Policy Resolution of Independent India was announced in the year ________.

1. 1947
2. 1948
3. 1951
4. 1956

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

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