Phases of Indian Economy
Phases of Indian Economy: Overview
This topic covers concepts, such as Objectives of Economic Planning in India, Phases of Indian Economy, Indian Economy before Independence, Benefits and Challenges to Decentralised Planning, and Multi-Level Planning.
Important Questions on Phases of Indian Economy
Knowing your customer' is one of the cardinal principle of ______, be it rural or urban India.

Consider the following statements and identify the right ones.
i. During independence, Indian economy was heavily dependent on the tertiary sector
ii. Development of industrial and services sector was not limited.

Which of the following was a part of the green revolution strategy?

Match the following.
i. 3rd FYP ------- a. self-reliant and self-sustained economy
ii. 4th FYP ------ b. self-reliance and growth with stability
iii. 5th FYP ----- c. self-reliance and poverty eradication
iv. 6th FYP ------ d. employment generation

Which of the Five Year Plans had a high priority to bring inflation under control and to achieve stability in the economic situation?

In Indian economy during which Five-Year Plan has the price level gone down?

Which is major cause of the poor development of India?

Consider the following statements regarding Indian Planning:
1. The Second Five Year Plan emphasised on the establishment of heavy industries.
2. The Third Five Year Plan introduced the concept of import substitution as a strategy for industrialisation.
Which of the statement(s) given above is/are correct?

IPR formed the basis of the ______ Five Year Plan of India.

What was the main aim of the Third Five-Year Plan (1961 to 1966) of India?

When was the Third Five-Year Plan launched under the leadership of Jawaharlal Nehru?

Which of the Five-Year Plan of India is also called the Gadgil Yojna?

Which of the following statements is/are correct with respect to India's Second Five-Year Plan?
- India's Second Five-Year Plan was launched in 1956.
- It was based on P.C. Mahalanobis Model made in the year 1953.
Select the correct answer using the code provided:

The Second Five-Year Plan was based on the _____ with a few modifications.

When was the second Five-Year Plan launched in India?

What was the main focus of the Five-Year Plan of India?

Which of the following statements is/are correct with respect to the First Five-Year Plan of India?
- The first five-year plan in India was launched in 1951.
- India's First Five-Year Plan was based on the Harrod-Domar model with a few modifications.
Select the correct answer using the code provided:

The First Five-Year Plan was based on the _____ with a few modifications.

When was the First Five-Year Plan launched in India?

Which of the following statement(s) is/are correct regarding Panchayat level planning?
A. The first tier at village level is commonly known as Gram Panchayat (village assembly).
B. The implementation of the plan at the Panchayat-level is the responsibility of the Village Development Officer (VDO).
