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Question : What was the immediate consequence of the suspension of Five-year Plans in India?

 

Option 1: Rapid industrial growth

Option 2: Increase in foreign investment

Option 3: Shift towards a market economy

Option 4: Stagnation in economic development

Team Careers360 24th Jan, 2024

Correct Answer: Stagnation in economic development


Solution : The immediate consequence of the suspension of Five-year Plans in India was stagnation in economic development, as the planning process was integral to the country's development strategy.

20 Views

Question : Statement 1: The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society in India.

Statement 2: The resolution focused on the regulation and control of private industries.

Option 1: Both statements are true.
   

Option 2: Both statements are false.
   

Option 3: Statement 1 is true, and statement 2 is false.

 

Option 4: Statement 1 is false, and statement 2 is true.

Team Careers360 22nd Jan, 2024

Correct Answer: Both statements are true.
   


Solution : The correct option is (a) Both statements are true.

Statement 1 is true. The Industrial Policy Resolution of 1956 emphasized the goal of creating a socialist pattern of society in India. It advocated for a mixed economy where the state played a significant role in regulating and controlling key industries.

Statement 2 is also true. The Industrial Policy Resolution of 1956 did indeed focus on the regulation and control of private industries. It aimed to promote state control over key industries and regulate private sector participation in the economy.

Therefore, both statements are true. The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society in India and focused on the regulation and control of private industries.

6 Views

Question : What is an impact of Environmental Movements in India?  

 

Option 1: Increase in industrial pollution  
 

Option 2: Greater awareness and action on environmental issues  
 

Option 3: Decline in agricultural productivity  

 

Option 4: Reduction in urban green spaces  

Team Careers360 22nd Jan, 2024

Correct Answer: Greater awareness and action on environmental issues  
 


Solution : An impact of Environmental Movements in India is greater awareness and action on environmental issues, leading to initiatives and policies aimed at preserving the environment.

12 Views

Question : Assertion: The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society in India.

Reason: The resolution emphasized the promotion of public-sector industries and reduced private-sector dominance.

Option 1: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
 

Option 2: Both the assertion and reason are true, but the reason is not the correct explanation of the assertion.
    

Option 3: The assertion is true, but the reason is false.

 

Option 4: The assertion is false, but the reason is true.

Team Careers360 24th Jan, 2024

Correct Answer: Both the assertion and reason are true, and the reason is the correct explanation of the assertion.
 


Solution : The correct answer is (a) Both the assertion and reason are true, and the reason is the correct explanation of the assertion.

The assertion is true. The Industrial Policy Resolution of 1956 in India aimed to create a socialist pattern of society. It emphasized the promotion of public-sector industries and reduced the dominance of the private sector. The policy aimed to achieve a balanced and planned development of industries with the active participation of the state, aiming for a more equitable distribution of wealth and resources.

The reason is also true. The emphasis on promoting public-sector industries and reducing private-sector dominance was a means to create a socialist pattern of society. By encouraging the public sector, the policy aimed to ensure that industries would be directed towards the broader welfare of society rather than solely driven by profit motives. This approach aligned with the goals of socialism, which aims for collective ownership and control of resources.

Therefore, the reason provided is the correct explanation for the assertion. The Industrial Policy Resolution of 1956 aimed to create a socialist pattern of society by promoting public-sector industries and reducing private-sector dominance.

19 Views

Question : Which of the following is not an example of a major industrial region of India?

Option 1: Gujarat region

Option 2: Hooghly region

Option 3: Chota Nagpur region

Option 4: Northern Malabar region

Team Careers360 19th Jan, 2024

Correct Answer: Northern Malabar region


Solution : The correct answer is the Northern Malabar region.

The Mumbai-Pune cluster, the Bangalore-Tamil Nadu area, the Hugli region, the Gujarat region, the Chota Nagpur industrial belt, the Visakhapatnam-Guntur belt, the Gurgaon-Delhi-Meerut region, and the Kollam-Thiruvananthapuram industrial cluster are a few of India's industrial regions. India's key industrial regions do not include the northern Malabar region.

7 Views

Question : What is a common form of resistance against globalization in India?  

 

Option 1: Embracing Western cultural practices  

Option 2: Promoting export-oriented industries  

Option 3: Protests against land acquisition for industrial projects  

Option 4: Advocating for complete economic isolation

Team Careers360 21st Jan, 2024

Correct Answer: Protests against land acquisition for industrial projects  


Solution : A common form of resistance against globalization in India is protests against land acquisition for industrial projects, which are often seen as a threat to local livelihoods and environments.

14 Views

Question : What type of products ,does CACP recommend minimum support price for?

Option 1: industrial products

Option 2: Agricultural products

Option 3: pharmaceutical products

Option 4: None of the above

Team Careers360 25th Jan, 2024

Correct Answer: Agricultural products


Solution : The correct option is Agricultural products.

 

The Commission for Agricultural Costs and Prices (CACP) operates as an independent entity within India's Ministry of Agriculture and Farmers Welfare, tasked with the crucial role of proposing minimum support prices (MSPs) for a range of vital agricultural products. This includes staple crops such as wheat and rice, essential cash crops like sugarcane and cotton, as well as protein-rich pulses like gram, masur, and moong, along with oilseeds including groundnut, mustard, and sunflower. Additionally, CACP extends its recommendations to encompass barley and jute. Through its recommendations, CACP plays a pivotal role in stabilizing the income of farmers and ensuring the availability of these key agricultural products in the market.

9 Views

Question : Which five-year plan emphasised the development of industries and industrial base in India?

Option 1: Second

Option 2: Fourth

Option 3: Third

Option 4: First

Team Careers360 25th Jan, 2024

Correct Answer: Second


Solution : The correct option is Second.

The second five-year plan (1956–1961) in India emphasised the development of industries, and the industrial base in the country. This plan aimed to promote industrialisation, and economic growth by focusing on sectors like heavy industries, infrastructure development, and scientific research and development. The plan also laid the foundation for the establishment of public sector enterprises and the development of a mixed economy in India, combining both public and private sector initiatives in industrial development.

26 Views

Question : Which of the following policy measures is not a step towards liberalisation?

Option 1: Increase in equity limit of foreign investment

Option 2: Enhancement in tariffs

Option 3: Removal of industrial licensing for certain industries

Option 4: Removal of the requirement of registration for certain industries

Team Careers360 21st Jan, 2024

Correct Answer: Enhancement in tariffs


Solution : The correct option is Enhancement in tariffs.

Enhancement in tariffs is generally not a step towards liberalisation; in fact, it is a measure that moves away from liberalisation. Liberalisation typically involves reducing or eliminating trade barriers, including tariffs. Tariffs are taxes imposed on imported goods, and increasing them goes against the principles of free trade and economic liberalisation, as it can hinder international trade and limit market access.

23 Views

Question : The 'License Raj' in India refers to:

Option 1: The system of obtaining licenses for industrial activities

Option 2: The system of licensing journalists

Option 3: The system of licensing foreign tourists

Option 4: The system of obtaining licenses for agricultural activities

Team Careers360 21st Jan, 2024

Correct Answer: The system of obtaining licenses for industrial activities


Solution : The correct answer is (a) The system of obtaining licenses for industrial activities

The 'License Raj' in India refers to the system of obtaining licenses for industrial activities. During the period of economic regulation and control in India, which lasted from the 1950s to the 1990s, the government implemented a complex system of licenses and permits for industrial activities. This system involved extensive government intervention and control over the private sector, including regulations on investment, production, pricing, and capacity expansion. The 'License Raj' created a bureaucratic and restrictive environment for businesses, leading to inefficiencies and hindering economic growth.

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