Diversification of growth process can be achieved through the development of:

1. Agricultural sector.
2. Industrial sector.
3. Foreign trade.
4. Service sector.

Which of the following statement are true for Indian agriculture for pre and post colonial period?

1. Dependency of workforce in agriculture observed a gradual decline after colonial period.
2. Land ceiling policy was a huge success leading to abolition of intermediaries completely.
3. Green Revolution benefitted to big farmer more than small and marginal farmers.
4. All are the true.

Land reforms measures introduced by India like many other developing countries with the objective(s) of:

1. Attaining a rational land distribution pattern.
2. Viable farming structure.
3. To raise farmers income.
4. All of the above.

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

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

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.

Green revolution leads to marketable surplus. What does it refers to?

1. Production of crops for self-consumption.
2. Production of crops for selling in market.
3. Production of crops for maintaining sufficient stock.
4. All of the above.

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 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 economic system is based upon the market forces of demand and supply?

1. Capitalism.
2. Socialism.
3. Mixed.
4. Monarchy.

Under which economy, the goods are distributed among people on the basis of demand and not on what people need?

1. Capitalist economy.
2. Socialist economy.
3. Mixed economy.
4. Dual economy.