Economy: History & Salient Features

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6. Which Five-Year Plan marked the beginning of economic planning in India?
a) First Five-Year Plan
b) Second Five-Year Plan
c) Third Five-Year Plan
d) Fourth Five-Year Plan

Answer: a) First Five-Year Plan
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7. Which Five-Year Plan focused on the establishment of heavy industries in India?
a) First Five-Year Plan
b) Second Five-Year Plan
c) Third Five-Year Plan
d) Fourth Five-Year Plan

Answer: b) Second Five-Year Plan
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8. Which Five-Year Plan introduced the concept of “mixed economy” in India?
a) First Five-Year Plan
b) Second Five-Year Plan
c) Third Five-Year Plan
d) Fourth Five-Year Plan

Answer: c) Third Five-Year Plan
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9. Who is known as the architect of India’s economic reforms in the 1990s?
a) Jawaharlal Nehru
b) Indira Gandhi
c) Manmohan Singh
d) Rajiv Gandhi

Answer: c) Manmohan Singh
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10. The economic reforms of the 1990s aimed to liberalize and open up which sectors of the Indian economy?
a) Agriculture and rural development
b) Manufacturing and industry
c) Services and trade
d) All of the above

Answer: d) All of the above
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