TextBook Solutions for Uttarakhand Board Class 11 Economics Indian Economic Development Chapter 2 Indian Economy 1950-1990

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TextBook Solutions for Uttarakhand Board Class 11 Economics Indian Economic Development Chapter 2 Indian Economy 1950-1990

Question 1

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What do you mean by economic planning?

Solution

Economic planning means utilising of capital's resources in different development authorities in accordance with national priorities.

Question 2

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In India who is the chair person of Planning Commission?

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Question 3

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Who formulate plans in India?

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Question 4

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Who floated the idea of planning in India first of all?

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Question 5

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How many plans have been completed in India so far?

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Question 6

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Define capitalist economy.

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Question 7

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What is a socialist economy?

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Question 8

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What is mixed economy?

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Question 9

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What is meant by economic growth?

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Question 10

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What structural change undergoes with development of the economy?