Question : In India, which of the following regulatory mechanisms was not in existence to enforce regulation of the industrial sector?

Option 1: Industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or decide the amount of goods that could be produced.

Option 2: Controls on price fixation and distribution of selected industrial products.

Option 3: Private sector was allowed in all industries.

Option 4: Some goods could be produced only in small-scale industries.

Question : The total value of goods and services produced in a country during a given period is

Option 1: disposable income

Option 2: national income

Option 3: per capita income

Option 4: net national income

Question : Study the graph and answer the question.

In how many years were the exports of the country more than the average imports during the given years?

Option 1: 3

Option 2: 1

Option 3: 4

Option 4: 2

Question : What is not a goal of Five-Year Plans?

Option 1: High Population Growth

Option 2: High GDP Growth

Option 3: Equal benefits to all people

Option 4: Self- Reliance

Question : Growth with stability and progressive achievement of self-reliance was the objective of the __________ Five-Year Plan.

Option 1: Fifth

Option 2: Third

Option 3: Fourth

Option 4: Second