1. What is Bombay plan?
Ans. A section of big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country. This was called a Bombay Plan
2.When was the first five year plan started ? Who was the economist involved in the making of this plan?
Ans. The first five year plan was started in 1951. K.N.Raj ,a young economist was involved in the making of the plan.
3.Under whose leadership was the second five year plan made?
Ans. P.C.Mahalanobis.
4.What was the main focus of first and second five year plan?
Ans. The first plan focussed on the development of agrarian sector including dams and irrigation and the second plan stressed on heavy industries.
5.Who gave the proposal on alternative blueprint that put emphasis on rural industrialization?
Ans.J.C.Kumarappa (original name J.C.Cornelius)
6.What kind of economic model of development did India adopt for planning?
Ans.Mixed economy
7.Which state of India was severely hit by the food crisis in early 60s?
Ans. Bihar,
8.What is zoning policy and when was it introduced?
Ans. It prohibited trade of food across states.It was introduced by the government during the food crisis in Bihar .This policy further reduced the availability of food in Bihar.
9.Why was Green revolution started in India?
Ans.In the wake of prevailing food crisis, the country was vulnerable to external pressure. So to reduce india's dependency on food aid, mainlyfrom U.S. Thus green revolution was started .
10.What is green revolution?
Ans. A new strategy for agriculture in order to ensure food sufficiency.
11. Who is known as 'Milkman of India '?.Name the cooperative started by him.
Ans. Verghese Kurien. Gujarat cooperative Milk and Marketing Federation Limited., that launched AMUL.
12.Name the Rural Development Programme started in 1970.
Ans.Operation Flood. It was the programme to assure the milk producers regular income throughout the year.
13. How many banks were nationalised in the late 1960s
Ans. Fourteen private banks.
14.Which body has replaced the planning commission of India?
Ans.NITI ayog in 2015
15. What is the full form of NITI ayog ?
Ans. National Institution for Transforming India .
16.When and how was the planning commission set up?
Ans. It was set up in March 1950 by a cabinet resolution.
17.What is left and right ideologies in politics?
Ans. Left often refers to those who are in favor of the poor and downtrodden sections and support government policies that benefit the poor people. Rightist are those who believe in free competition and market economy and want less governmental interference in the economy .
18.What is known as Kerala model of planning?
Ans. It is a name given to the path of planning and development adopted by the state of Kerala .
19.Name the areas of focus in the Kerala model of planning.
Ans.Education,health, land reforms, effective food distribution and poverty alleviation.
20.Explain the term mixed economy.
Ans.It is a combination of free market economy and centrally planned economy. Both public and private sectors co-exist .Elements of both models -capitalst and socialist are taken and mixed together.
Ans. A section of big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country. This was called a Bombay Plan
2.When was the first five year plan started ? Who was the economist involved in the making of this plan?
Ans. The first five year plan was started in 1951. K.N.Raj ,a young economist was involved in the making of the plan.
3.Under whose leadership was the second five year plan made?
Ans. P.C.Mahalanobis.
4.What was the main focus of first and second five year plan?
Ans. The first plan focussed on the development of agrarian sector including dams and irrigation and the second plan stressed on heavy industries.
5.Who gave the proposal on alternative blueprint that put emphasis on rural industrialization?
Ans.J.C.Kumarappa (original name J.C.Cornelius)
6.What kind of economic model of development did India adopt for planning?
Ans.Mixed economy
7.Which state of India was severely hit by the food crisis in early 60s?
Ans. Bihar,
8.What is zoning policy and when was it introduced?
Ans. It prohibited trade of food across states.It was introduced by the government during the food crisis in Bihar .This policy further reduced the availability of food in Bihar.
9.Why was Green revolution started in India?
Ans.In the wake of prevailing food crisis, the country was vulnerable to external pressure. So to reduce india's dependency on food aid, mainlyfrom U.S. Thus green revolution was started .
10.What is green revolution?
Ans. A new strategy for agriculture in order to ensure food sufficiency.
11. Who is known as 'Milkman of India '?.Name the cooperative started by him.
Ans. Verghese Kurien. Gujarat cooperative Milk and Marketing Federation Limited., that launched AMUL.
12.Name the Rural Development Programme started in 1970.
Ans.Operation Flood. It was the programme to assure the milk producers regular income throughout the year.
13. How many banks were nationalised in the late 1960s
Ans. Fourteen private banks.
14.Which body has replaced the planning commission of India?
Ans.NITI ayog in 2015
15. What is the full form of NITI ayog ?
Ans. National Institution for Transforming India .
16.When and how was the planning commission set up?
Ans. It was set up in March 1950 by a cabinet resolution.
17.What is left and right ideologies in politics?
Ans. Left often refers to those who are in favor of the poor and downtrodden sections and support government policies that benefit the poor people. Rightist are those who believe in free competition and market economy and want less governmental interference in the economy .
18.What is known as Kerala model of planning?
Ans. It is a name given to the path of planning and development adopted by the state of Kerala .
19.Name the areas of focus in the Kerala model of planning.
Ans.Education,health, land reforms, effective food distribution and poverty alleviation.
20.Explain the term mixed economy.
Ans.It is a combination of free market economy and centrally planned economy. Both public and private sectors co-exist .Elements of both models -capitalst and socialist are taken and mixed together.
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