Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | Define a plan?
Define a plan?
A plan is a proposed list of goals that an economy wants to achieve within a specific period of time. It suggests the optimum ways to utilise the scarce available resources to achieve the enlisted goals. In India, planning is done for a period of five years, which is called a five year plan. Plans have both specific and general goals. Some of the common goals are economic growth, modernisation, self-reliance and equity. Plans lay down the basic framework over which the policies are designed. Often various goals are conflicting to each other, for example, modernisation reduces labour employment. So there is a need to maintain a balance among different goals.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990
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Why was the public sector given a leading role in industrial development during the planning period?
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Match the following:
1. Prime Minister
2. Gross Domestic Product3. Quota
4. Land Reforms
5. HYV Seeds
6. Subsidy
A. Seeds that give large proportion of output
B. Quantity of goods that can be importedC. Chairperson of the planning commission
D. The money value of all the final goods and services produced within the economy in one year.
E. Improvements in the field of agriculture to increase its productivity
F. The monetary assistance given by government for production activities.
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What is marketable surplus?
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What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
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Explain ‘growth with equity’ as a planning objective.
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Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
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Why and how was the private sector regulated under the IPR 1956?
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Why should plans have goals?
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Why did India opt for planning?
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Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
Popular Questions of Class 11 Economics - Indian Economic Development
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Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
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