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Indian Economy 1950-1990

Question

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What is meant by development?

Solution

Development refers to a more comprehensive change in the life style of people. It includes change in technology and consumption pattern of goods and services, changes in the attitude of people and the capacity of the economy to survive and to adopt new changes.

Some More Questions From Indian Economy 1950-1990 Chapter

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.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

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