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Indian Economy 1950-1990

Question

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Write down the features of five year plans.

Solution

Features of Five Year Plans:

1. There was decline of foreign exchange reserves.

2. Prices of essential goods are rising.

3. Unemployment is on increase.

4. There was insufficient development of infrastructure.

5. Inequality of income and economic centralisation is on increase.

6. There is a large number of people living below poverty line.

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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