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Indian Economy 1950-1990

Question

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Name the economic system which in the view of leaders of Independent India combined the best features of socialism without its draw-back.

Solution

Mixed economy.

Some More Questions From Indian Economy 1950-1990 Chapter

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?

Name the sectors from which the GDP of a country is derived.

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