Indian Economic Development: Indian Economy 1950–1990 · Class 12 · CBSE · Commerce Economics
Which set correctly identifies the major goals of economic planning in India during 1950–1990?
Practice question from Indian Economic Development: Indian Economy 1950–1990 (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
easy · MCQ · Q-77B8DB
Which set correctly identifies the major goals of economic planning in India during 1950–1990?
- A.Growth, modernisation, self-reliance and equityCorrect answer
- B.Privatisation, globalisation, deregulation and profit maximisation
- C.Import dependence, regional concentration, monopoly and inequality
- D.Only rapid industrialisation and expansion of foreign trade
Solution
India's planning process aimed at achieving growth, modernisation, self-reliance and social justice or equity. These goals were pursued through planned development and state intervention.
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