Question : During the suspension of the Five-year Plans, how did the Indian government address immediate economic challenges?
Option 1: By implementing long-term structural reforms
Option 2: By focusing on short-term stabilization measures
Option 3: By increasing foreign aid and loans
Option 4: By privatizing major public sector enterprises
Correct Answer: By focusing on short-term stabilization measures
Solution : During the suspension of the Five-year Plans, the Indian government addressed immediate economic challenges by focusing on short-term stabilization measures, such as controlling inflation and managing fiscal deficits, to maintain economic stability.
Question : What was a major criticism of the suspension of Five-year Plans in India?
Option 1: It led to over-dependence on foreign aid.
Option 2: It hindered long-term economic planning.
Option 3: It resulted in excessive privatization of industries.
Option 4: It caused a decline in agricultural productivity.
Question : What was one of the major challenges faced by Russia after the collapse of the Soviet Union?
Option 1: Implementing democratic reforms
Option 2: Maintaining its status as a superpower
Option 3: Joining the European Union
Option 4: Avoiding nuclear proliferation
Question : What was a major economic challenge faced by India during the suspension of the Five-year Plans?
Option 1: Hyperinflation
Option 2: Balance of payments crisis
Option 3: Excessive foreign debt
Option 4: Decline in industrial output
Question : Major aim of transition period is
Option 1: Recovery
Option 2: Recreation
Option 3: Stabilization of performance
Option 4: Super compensation
Question : What was a major factor in the rise of nationalism in India?
Option 1: Economic exploitation by the British
Option 2: Influence of Western education
Option 3: Social reforms movements
Option 4: All of the above
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