Arrange the following in chronological sequence: (A) Economic reforms in India (B) Green revolution in India (C) Economic crisis relating to India’s external debt (D) Independence of India
(D), (B), (C), (A)
The correct chronological order is: (D) Independence of India (1947), (B) Green Revolution (1960s), (C) Economic Crisis (1991), and (A) Economic Reforms (1991).
Important Questions from Economics and Central Problems of Economy
Which committee was set up in 1955 to suggest the role of small-scale industries promoting rural development?
In addition to limited availability of resources, what is the other reason which compels every economy to decide on how to use its resources?
Read the following facts about the Indian economy during British rule and select the correct facts:
(A) Commercialisation of agriculture led to production of cash crops which helped British industries back home
(B) Britain maintained a monopoly control over India's exports and imports
(C) Basic infrastructure such as railways, ports, water transport, posts and telegraphs did develop to provide basic amenities to the people
(D) Indian trade was restricted to Britain, China, Russia, and America
(E) India’s economy remained fundamentally agrarian under the British rule
Choose the correct answer from the options given below:
In an economy, the problem of choice arises. Arrange the following in order:
(A) Leads to scarcity of resources
(B) Demands are unlimited
(C) Problem of choice arises
(D) Our resources are limited
Choose the correct answer from the options given below:
The Chairperson of Planning Commission in India is:
