Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990 NCERT Solutions | Why did India opt for planning?
Why did India opt for planning?
Soon after independence, India faced an important choice to opt either for capitalism or socialism. Finally, India, inspired by the extraordinary success of planning in Soviet Union, opted for socialism. Although, Indian political and economic conditions were not as favourable as it was for Soviet Unions to opt for socialism, yet India adopted socialism but with a difference. India hinged upon the socialist idea with a strong emphasis on the public sector and active participation of the private sector in a democratic framework. The Planning Commission (1950) was established with the motive that the government would undertake comprehensive planning for the nation as a whole, where the public sector would lay down the basic economic framework and would encourage the private sector for their active contribution to economic growth.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Indian Economy 1950-1990
- Q:-
Why was the public sector given a leading role in industrial development during the planning period?
- Q:-
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.
- Q:-
What is marketable surplus?
- Q:-
What is the Green Revolution? Why was it implemented and how did Does it benefit the farmers? Explain in brief.
- Q:-
Explain ‘growth with equity’ as a planning objective.
- Q:-
Why was it necessary for a developing country like India to follow self-reliance as a planning objective?
- Q:-
Why and how was the private sector regulated under the IPR 1956?
- Q:-
Define a plan?
- Q:-
Does modernisation as a planning objective create contradiction in the light of employment generation? Explain.
- Q:-
Why should plans have goals?
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What are the two major sources of human capital in a country?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why were reforms introduced in India?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Explain how the opportunity costs of negative environmental impact are high.
- Q:-
What are the various means by which countries are trying to strengthen their own domestic economies?
- Q:-
Why were reforms introduced in India?
- Q:-
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
- Q:-
Illustrate the difference between rural and urban poverty. Is it correct to say that poverty has shifted from rural to urban areas? Use the trends in poverty ratio to support your answer.
- Q:-
India has certain advantages which makes it a favourite outsourcing destination. What are these advantages?
- Q:-
Infrastructure contributes to the economic development of a country. Do you agree? Explain.
- Q:-
Discuss economic reforms in India in the light of social justice and welfare.
- Q:-
You are residing in a village. If you are asked to advice the village panchayat, what kinds of activities would you suggest for the improvement of your village which would also generate employment.
- Q:-
How can we increase the effectiveness of health care programmes?
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11