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Indian Economy 1950-1990

Question

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Free play of market forces refers to:

A situation where major economic decisions are taken by the government keeping in view the collective interests of society as a whole,

The government of a country does not interfere with the market forces of supply and demand,

Major economic decisions are taken by the central government authority as well as left to the free play market forces.

(a) and (c)

Solution

B.

The government of a country does not interfere with the market forces of supply and demand,

Some More Questions From Indian Economy 1950-1990 Chapter

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?

What is meant by agriculture?

What are the main causes of backwardness of Indian agriculture?

What do you mean by land reforms?

What is consolidation of holdings?

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