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.

Self-reliance means avoiding:

1. Exports.
2. Imports.
3. Both (a) and (b).
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.

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 socialist economy?

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

Who formulates five year plans in India?

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

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

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.

Who is the chairperson of the Planning Commission?

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

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

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