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Which of the following statements regarding India's trade condition in the 1950s - 60s is true?
  • a)
    India faced a serious food shortage during 1950s and 1960s.
  • b)
    The energy crisis of 1953 resulted in a hike in the prices of petroleum.
  • c)
    The balance of payment was positive as exports were more than imports.
  • d)
    During this decade, food grain import was discontinued.
Correct answer is option 'A'. Can you explain this answer?
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Which of the following statements regarding Indias trade condition in ...
India faced serious food shortage during 1950s and 1960s. The major item of import at that time was foodgrain, capital goods, machinery and equipment. The balance of payment was adverse as imports were more than exports, in spite of all the efforts of import substitution. After 1970s, foodgrain import was discontinued due to the success of Green revolution, but the energy crisis of 1973 pushed the prices of petroleum, and import budget was also pushed up. Foodgrain import was replaced by fertilisers and petroleum.
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Which of the following statements regarding Indias trade condition in the 1950s - 60s is true?a)India faced a serious food shortage during 1950s and 1960s.b)The energy crisis of 1953 resulted in a hike in the prices of petroleum.c)The balance of payment was positive as exports were more than imports.d)During this decade, food grain import was discontinued.Correct answer is option 'A'. Can you explain this answer?
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Which of the following statements regarding Indias trade condition in the 1950s - 60s is true?a)India faced a serious food shortage during 1950s and 1960s.b)The energy crisis of 1953 resulted in a hike in the prices of petroleum.c)The balance of payment was positive as exports were more than imports.d)During this decade, food grain import was discontinued.Correct answer is option 'A'. Can you explain this answer? for Humanities/Arts 2025 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Which of the following statements regarding Indias trade condition in the 1950s - 60s is true?a)India faced a serious food shortage during 1950s and 1960s.b)The energy crisis of 1953 resulted in a hike in the prices of petroleum.c)The balance of payment was positive as exports were more than imports.d)During this decade, food grain import was discontinued.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements regarding Indias trade condition in the 1950s - 60s is true?a)India faced a serious food shortage during 1950s and 1960s.b)The energy crisis of 1953 resulted in a hike in the prices of petroleum.c)The balance of payment was positive as exports were more than imports.d)During this decade, food grain import was discontinued.Correct answer is option 'A'. Can you explain this answer?.
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