Question : What was a key strategy adopted during the annual plans to address economic challenges in India?
Option 1: Privatization of public sector enterprises
Option 2: Increased emphasis on export-led growth
Option 3: Focus on short-term fiscal consolidation
Option 4: Expansion of social welfare programs
Correct Answer: Focus on short-term fiscal consolidation
Solution : A key strategy adopted during the annual plans to address economic challenges in India was a focus on short-term fiscal consolidation, aiming to stabilize the economy and lay the groundwork for future growth.
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Question : Planned industrialization in India was characterized by:
Option 1: A focus on export-oriented industries
Option 2: Emphasis on small-scale and cottage industries
Option 3: State-led development of heavy industries
Option 4: Rapid privatization of public enterprises
Question : What was the primary focus of public sector enterprises in the early Five-year Plans of India?
Option 1: Export promotion
Option 2: Rural development
Option 3: Heavy industries and infrastructure
Option 4: Information technology
Question : The 1991 economic policy in India aimed to address:
Option 1: Increasing government control in the economy
Option 2: High inflation and fiscal deficit
Option 3: Excessive privatization of public enterprises
Option 4: Declining foreign direct investment (FDI)
Question : The rise of OBC politics in North India has led to:
Option 1: Greater emphasis on caste in electoral politics
Option 2: Reduction in religious tensions
Option 3: Decrease in regional disparities
Option 4: Increased focus on urban development
Question : The emphasis on heavy industries during planned industrialization in India led to:
Option 1: Balanced regional development
Option 2: Neglect of small and medium enterprises
Option 3: Rapid growth of the service sector
Option 4: High levels of foreign direct investment
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