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Indian Economy 1950-1990

Question

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When was New Industrial Policy (NIP) announced? Give two features of this policy.

Solution

It was announced on 24th June, 1991.

The main features are-diversification of industries and abolition of industrial licensing.

Some More Questions From Indian Economy 1950-1990 Chapter

What do you mean by economic planning?

In India who is the chair person of Planning Commission?

Who formulate plans in India?

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

How many plans have been completed in India so far?

Define capitalist economy.

What is a socialist economy?

What is mixed economy?

What is meant by economic growth?

What structural change undergoes with development of the economy?

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