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
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.
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Question : What was the primary objective of the annual plans implemented during the suspension of the Five-year Plans in India?
Option 1: To focus on short-term economic stabilization
Option 2: To prioritize long-term industrial development
Option 3: To promote export-oriented growth
Option 4: To implement social welfare programs
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 : What was the main aim of the First Five Year Plan?
Option 1: Self-dependent
Option 2: Industrial growth
Option 3: Economic growth
Option 4: Agricultural growth
Question : What was a significant outcome of the emphasis on heavy industries in the early Five-year Plans of India?
Option 1: Rapid urbanization
Option 2: Decrease in import dependency
Option 3: Growth in small-scale industries
Option 4: Increase in rural-urban income disparity
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.
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