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Evolution of Indian Economy and Planning 06
Question
1
of 3
1
2
3
Q1. First five year plan in India was from
A.
1947 - 1952
B.
1949 - 1954
C.
1950 - 1955
D.
1951 - 1956
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
The first official Five Year Plan was launched in 1951.
Q2. Who was the first to attempt planning as a means for economic development in India?
A.
Sir CP Ramaswami Aiyyar
B.
M Viswesvarayya
C.
VT Krishnamachari
D.
C Rajagopalachari
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
Sir M. Visvesvaraya published 'Planned Economy for India' in 1934
Q3. Economic liberalisation in India started with:
A.
substantial changes in industrial licensing
B.
convertibility of rupee
C.
doing away with FDI formalities
D.
reduction in tax rates
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
A
The 1991 reforms began with the abolishment of 'License Raj' through the New Industrial Policy.
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