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    Indian Eco 1950-1990 - Objective

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    Shivam Mutkule
    The Indian economy underwent significant changes between 1950 and 1991 as the country transitioned from a largely agricultural economy to a more industrialized and service-based economy through a series of five-year plans. In 1950, agriculture accounted for over 60% of GDP but this declined to around 30% by 1990 as industry and services grew. The first few plans emphasized developing India's industrial sector through import substitution and promoting self-sufficiency while later plans focused more on developing infrastructure and modernizing existing industries. Land reforms were implemented during this period to redistribute land from large landowners to farmers. By 1990, the service sector accounted for over 40% of GDP and had become a major driver of the Indian economy.

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    Indian Eco 1950-1990 - Objective

    Uploaded by

    Shivam Mutkule
    63 views2 pages
    The Indian economy underwent significant changes between 1950 and 1991 as the country transitioned from a largely agricultural economy to a more industrialized and service-based economy through a series of five-year plans. In 1950, agriculture accounted for over 60% of GDP but this declined to around 30% by 1990 as industry and services grew. The first few plans emphasized developing India's industrial sector through import substitution and promoting self-sufficiency while later plans focused more on developing infrastructure and modernizing existing industries. Land reforms were implemented during this period to redistribute land from large landowners to farmers. By 1990, the service sector accounted for over 40% of GDP and had become a major driver of the Indian economy.

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    2. Indian Eco 1950-1990- Objective

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    The Indian economy underwent significant changes between 1950 and 1991 as the country transitioned from a largely agricultural economy to a more industrialized and service-based economy through a series of five-year plans. In 1950, agriculture accounted for over 60% of GDP but this declined to around 30% by 1990 as industry and services grew. The first few plans emphasized developing India's industrial sector through import substitution and promoting self-sufficiency while later plans focused more on developing infrastructure and modernizing existing industries. Land reforms were implemented during this period to redistribute land from large landowners to farmers. By 1990, the service sector accounted for over 40% of GDP and had become a major driver of the Indian economy.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    63 views2 pages

    Indian Eco 1950-1990 - Objective

    Uploaded by

    Shivam Mutkule
    The Indian economy underwent significant changes between 1950 and 1991 as the country transitioned from a largely agricultural economy to a more industrialized and service-based economy through a series of five-year plans. In 1950, agriculture accounted for over 60% of GDP but this declined to around 30% by 1990 as industry and services grew. The first few plans emphasized developing India's industrial sector through import substitution and promoting self-sufficiency while later plans focused more on developing infrastructure and modernizing existing industries. Land reforms were implemented during this period to redistribute land from large landowners to farmers. By 1990, the service sector accounted for over 40% of GDP and had become a major driver of the Indian economy.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Indian economy 1950 to 1991

    Fill in the blanks


    1. The Architect of Indian Planning commission was___________
    2. In GDP the contribution made by each sectors known as _______
    3. By 1990 the shares of service sector was ______
    4. In India the share of agriculture in GDP was more than ______
    5. Long term plan is called as _______
    6. Planning commission was set up in ________with the _______as its chairperson.
    7. _______primarily refers to change in the ownership of landholdings.
    8. The portion of agricultural produce which is sold in the market by the farmers is called_________.
    9. The contribution by each sector is called ___________.
    10. Equity in land called _________.
    11. Land reforms were successful in states of ________
    12. 1st five year plan place a lot of emphasis on __________ Sector.
    13. 2nd five year plan put forward ______________heights of the economy.
    14. __________ was made compulsory for new industry as well as for expanding a new business.
    15. Karve committee is relating to __________ and __________
    16. Import substitution is also called as ________ strategy.
    17. Fixing the maximum size of land which could be owned be an individual is called _____________.
    In 1955 the village and small scale industries_____________ committee noted the importance of SSI.
    Maximum investment in SSI is _________
    Small Scale industries are more ________intensive industry.
    ________ is the restriction on the quantity of good that can be imported.
    _______ are a tax on imported goods.

    MCQs
    1. The percentage share of agriculture sector in the export of the country decline in the period
    a) 1950-1990 b) 1970-1980 c) 1947 d) 1956
    2. When was IPR (Industrial Policy Resolution) adopted?
    a) 1947b) 1970 c) 1950 d) 1956
    3. Under Industrial Policy Resolution no new industry was allowed unless a ______was obtained from the
    government.
    a) Subsidies b) Modernization c) License d) None of the above.
    4. Who established Indian Statistical Institute in Calcutta
    a) Jawarharlal Nehru b) Mahalanobis c) B R Ambedkar d) Rajendra Prasad
    5. First seven five year plan covered a period of
    a) 1950 - 1990 b) 1950 – 1985 c) 1950 – 1980 d) 1950 - 1975
    6. The policy of ‘land to the tiller’ is based on the idea
    a) Cultivators will take more interest b) Zamindar will get more profit c) Government gets more profit
    d) None of the above.
    7. When was the Industrial Policy resolution adopted
    a) 1956 b) 1987 c) 1956 d) 1950
    8. For Small Scale Industry capital investment limited to
    a) one crore b) twenty five lakh c) seventy five lakh d) two crore
    9. Tax on imported goods called
    a) Excise duty b) Quotas c) GST d) Tariff
    10. GDP is a good indicator of growth but not development, because
    a) GDP is a partial measurement b) GDP so not cover all types of goods
    c) GDP may increase on account of production of harmful goods d) All of the above
    11. Which of the following bodies/institution was engaged in the formulation of 5 year plan in India.
    a) Planning Commission b) National development council c) Finance Ministry d) Home Ministry
    12. Which one of the following not long term goal of 5 year plan.
    a)Growth b) Structural composition c) Modernization d) Self reliance
    13. Under which system the goods are distributed among people not on the basis of what people need
    but on the basis of what people need but on the basis of purchasing power?
    (a) Capitalistic system b) Socialistic system c) Mixed system d) Dual system
    14. Green Revolution introduced during the planning process was restricted mainly to
    a) Wheat and rice (b) Cereals and pulses (c) Cotton and jute (d) Jowar and bajra

    Match the following


    1. 1. Mixed Economy a) Goods are produced based on profit
    2. Capitalist Economy b) All the decision are take by government
    3. Socialist Economy c) Market and government work together.
    2.
    1. First phase of Green Revolution a) Mid 1970s to 1980s
    2. Proportion of agricultural produce which is b) High yielding varieties of seeds.
    sold in the market.
    3. Second Phase of Green Revolution c) Mid 1960s to 1970s
    4. Seeds which provide more production d) Marketed Surplus
    3.
    1. Industrial Contribution in GDP (1950-51) a.24.6 %
    2. Agricultural Contribution in GDP (1950) b. 64.5 %
    3. Industrial Contribution in GDP (1990-91) c. 11.8%
    4. Agricultural Contribution in GDP (1990) d. 67.5 %
    4.
    1.In 1990 the share of service sector was a. Modernisation
    2. Contribution made by three sector b.40.59%
    3. Share of service sector was accelerated c. Structural composition
    4. increase in production using new d.1991
    technology
    5.
    1.1st seven five year plan emphasis on a. Subsidy
    2. Providing something less than market price b. Import substitution
    3. Avoiding import of those goods which can c. Equity
    be produced in domestic country
    4. Benefits reaching to poor section of the d. Self reliance
    society as well
    6.

    1.The portion of agricultural produce which is a. Buffer stock


    sold in the market by the farmers
    2. Poor nations can progress only if they have b. Regional equality
    good
    3. Buffer stock helped government to build c. Marketed surplus
    4. giving concession on tax and electricity to d. Industrial sector
    industrial sector main aim was

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