Question 1

When did India adopt its first Five Year Plan?

Accepted Answer

The first Five Year Plan of independent India was officially launched on April 1, 1951, covering the period from 1951 to 1956.

Question 2

Who is known as the architect of Indian planning?

Accepted Answer

Prasanta Chandra Mahalanobis (P.C. Mahalanobis) is widely known as the architect of Indian planning, particularly for his contributions to the Second Five Year Plan.

Question 3

Which economic system was adopted by India after independence?

Accepted Answer

India adopted a Mixed Economy model, combining the best features of both capitalist and socialist economic systems.

Question 4

What was the primary goal of the Green Revolution in India?

Accepted Answer

The primary goal of the Green Revolution was to achieve self-sufficiency in food grain production through the use of HYV seeds and modern technology.

Question 5

In which decade did the Green Revolution start in India?

Accepted Answer

The Green Revolution in India began in the mid-1960s, specifically around 1966-1967.

Indian Economy 1950-1990 — MP Board Class 11 Economics Important Questions & Revision Notes