Economy: History & Salient Features

Here are some MCQs on Economy: History & Salient Features

1. When did India gain independence from British colonial rule?
a) 1945
b) 1947
c) 1950
d) 1952

2. Who was the first Prime Minister of India?
a) Jawaharlal Nehru
b) Mahatma Gandhi
c) Indira Gandhi
d) Rajendra Prasad

3. Which economic policy was adopted by India after independence?
a) Capitalism
b) Socialism
c) Communism
d) Liberalism

4. The Planning Commission, a key institution for economic planning, was established in which year?
a) 1947
b) 1950
c) 1951
d) 1955

5. Who was the first Chairman of the Planning Commission of India?
a) Jawaharlal Nehru
b) Manmohan Singh
c) Rajiv Gandhi
d) Gulzarilal Nanda