Nature of Indian Economy :

1. National Development Council was set up in………….

Ans. 1952

2. Who wrote the book ‘Planned Economy for India’ ?

Ans. M. Visvesvaraya

3. India opted for ‘Market Economy’ in……………

Ans. Industrial Policy of 1948

4. The concept of Five Year Plan in India was introduced by………………

Ans. Jawaharlal Nehru

5. Who is the called ‘Father of Economics’?

Ans. Adam Smith

6. The National Development Council gets its administrative support from……………………

Ans. Planning Commission

7. Rolling plan was designed for the period……………..

Ans. 1978-83

8. The growth rate of agricultural production was negative in the …………

Ans. Third Plan

9. The second Five Year Plan laid more stress upon………………..

Industrialisation

10. Who among the following was the frist Chairman of the Planning Commission ?

Ans. Pt. Jawahar Lal Nehru