All Exams >
BPSC (Bihar) >
Indian Economy for State PSC Exams >
All Questions
All questions of Evolution of the Indian Economy for BPSC (Bihar) Exam
Consider the following statements:1. India's choice for a planned economy was influenced by the Great Depression of 1929.2. The initial plans by Indian planners aimed at minimizing the state's role in the economy.3. The Atmanirbhar Bharat Abhiyan focuses on achieving self-reliance through five key pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand.Which of the statements given above is/are correct?- a)1 Only
- b)1 and 3 Only
- c)1 and 2 Only
- d)1, 2 and 3
Correct answer is option 'B'. Can you explain this answer?
Consider the following statements:
1. India's choice for a planned economy was influenced by the Great Depression of 1929.
2. The initial plans by Indian planners aimed at minimizing the state's role in the economy.
3. The Atmanirbhar Bharat Abhiyan focuses on achieving self-reliance through five key pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand.
Which of the statements given above is/are correct?
a)
1 Only
b)
1 and 3 Only
c)
1 and 2 Only
d)
1, 2 and 3
|
Kavya Nair answered |
Analysis of Statements
Let's evaluate each statement for accuracy:
Statement 1: India's choice for a planned economy was influenced by the Great Depression of 1929.
- This statement is correct. The economic turmoil caused by the Great Depression highlighted the vulnerabilities of an unregulated economy. It prompted Indian leaders to consider a planned economy to ensure stability, self-sufficiency, and economic development.
Statement 2: The initial plans by Indian planners aimed at minimizing the state's role in the economy.
- This statement is incorrect. The initial economic plans in India, particularly during the first few Five-Year Plans, emphasized a significant role for the state in economic development, focusing on industrialization and public sector investment.
Statement 3: The Atmanirbhar Bharat Abhiyan focuses on achieving self-reliance through five key pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand.
- This statement is correct. The Atmanirbhar Bharat initiative launched in 2020 indeed emphasizes these five pillars to foster self-reliance and holistic economic growth.
Conclusion
Based on the analysis:
- Correct Statements: 1 and 3
- Incorrect Statement: 2
Thus, the correct answer is option B: 1 and 3 Only. This reflects India's strategic shift towards a planned economy post-Great Depression and the contemporary focus on self-reliance under the Atmanirbhar Bharat initiative.
Let's evaluate each statement for accuracy:
Statement 1: India's choice for a planned economy was influenced by the Great Depression of 1929.
- This statement is correct. The economic turmoil caused by the Great Depression highlighted the vulnerabilities of an unregulated economy. It prompted Indian leaders to consider a planned economy to ensure stability, self-sufficiency, and economic development.
Statement 2: The initial plans by Indian planners aimed at minimizing the state's role in the economy.
- This statement is incorrect. The initial economic plans in India, particularly during the first few Five-Year Plans, emphasized a significant role for the state in economic development, focusing on industrialization and public sector investment.
Statement 3: The Atmanirbhar Bharat Abhiyan focuses on achieving self-reliance through five key pillars: Economy, Infrastructure, System, Vibrant Demography, and Demand.
- This statement is correct. The Atmanirbhar Bharat initiative launched in 2020 indeed emphasizes these five pillars to foster self-reliance and holistic economic growth.
Conclusion
Based on the analysis:
- Correct Statements: 1 and 3
- Incorrect Statement: 2
Thus, the correct answer is option B: 1 and 3 Only. This reflects India's strategic shift towards a planned economy post-Great Depression and the contemporary focus on self-reliance under the Atmanirbhar Bharat initiative.
Consider the following statements:Statement-I:
India's economic model evolved from a mixed economy concept in the 1950s to a more market-oriented approach by the 1990s.
Statement-II:
The Great Depression of 1929 played a significant role in shaping India's decision to adopt a planned economy.
Which one of the following is correct in respect of the above statements?- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
Consider the following statements:
Statement-I:
India's economic model evolved from a mixed economy concept in the 1950s to a more market-oriented approach by the 1990s.
Statement-II:
The Great Depression of 1929 played a significant role in shaping India's decision to adopt a planned economy.
Which one of the following is correct in respect of the above statements?
India's economic model evolved from a mixed economy concept in the 1950s to a more market-oriented approach by the 1990s.
Statement-II:
The Great Depression of 1929 played a significant role in shaping India's decision to adopt a planned economy.
Which one of the following is correct in respect of the above statements?
a)
Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
b)
Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
c)
Statement-I is correct, but Statement-II is incorrect
d)
Statement-I is incorrect, but Statement-II is correct
|
Master Training Institute answered |
Statement-I accurately reflects the evolution of India's economic model from a mixed economy concept in the 1950s towards a more market-oriented approach by the 1990s. This transition is well-documented in India's economic history.
However, Statement-II is incorrect. While the Great Depression of 1929 had a global impact, including influencing economic policies worldwide, it did not play a direct role in shaping India's decision to adopt a planned economy. India's move towards economic planning was primarily influenced by factors such as the need to address regional disparities, poverty, and the success of planned economies in other regions, as mentioned in the provided text.
Therefore, the correct answer is that Statement-I is correct, but Statement-II is incorrect.
Chapter doubts & questions for Evolution of the Indian Economy - Indian Economy for State PSC Exams 2025 is part of BPSC (Bihar) exam preparation. The chapters have been prepared according to the BPSC (Bihar) exam syllabus. The Chapter doubts & questions, notes, tests & MCQs are made for BPSC (Bihar) 2025 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests here.
Chapter doubts & questions of Evolution of the Indian Economy - Indian Economy for State PSC Exams in English & Hindi are available as part of BPSC (Bihar) exam.
Download more important topics, notes, lectures and mock test series for BPSC (Bihar) Exam by signing up for free.
Indian Economy for State PSC Exams
111 videos|279 docs|114 tests
|
Signup to see your scores go up within 7 days!
Study with 1000+ FREE Docs, Videos & Tests
10M+ students study on EduRev
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup