Question : What was a significant outcome of the rise of new economic interests during the era of planned development in India?
Option 1: Decrease in agricultural productivity
Option 2: Emergence of a mixed economy
Option 3: Reduction in government intervention
Option 4: Increase in unemployment rates
Correct Answer: Emergence of a mixed economy
Solution : The rise of new economic interests during the era of planned development in India led to the emergence of a mixed economy, where both the public and private sectors played significant roles in economic activities.
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Question : The concept of "jobless growth" refers to:
Option 1: Economic growth without a significant increase in employment opportunities
Option 2: Economic growth driven by the agricultural sector
Option 3: Economic growth accompanied by a decrease in labor force participation
Option 4: Economic growth without any negative impact on the unemployment rate
Question : How did the rise of new economic interests during the era of planned development impact India's fiscal policy?
Option 1: It led to a reduction in government spending.
Option 2: It prompted a shift towards indirect taxation.
Option 3: It resulted in increased borrowing from international institutions.
Option 4: It encouraged the implementation of progressive taxation.
Question : What was a key economic reform introduced in the 1990s that was influenced by the rise of new economic interests during the era of planned development?
Option 1: Nationalization of banks
Option 2: Liberalization of trade policies
Option 3: Introduction of Goods and Services Tax (GST)
Option 4: Abolition of industrial licensing
Question : What was a significant economic change in 19th-century rural society due to British policies?
Option 1: Decrease in land revenue rates
Option 2: Increase in agricultural exports
Option 3: Reduction in commercial agriculture
Option 4: Growth of local handicrafts
Question : What was a major cause of famine in India during the era of planned development?
Option 1: Industrial pollution
Option 2: Agricultural mismanagement
Option 3: Political instability
Option 4: Economic sanctions
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