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Home Questions A6N6SJARR6
Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Match the following:

1. Gross domestic product at market prices A. By default chairperson of the planning commission 
2. Prime minister B. The money value of final goods and services produced within the economy in one year
3. Tariff C. Limits set on the number of goods to be imported
4. Quota D. Taxes on the import of commodities

 

Options:

1- B, 2- A, 3-D, 4-C

1- C, 2- B, 3-A, 4-D

1- B, 2- A, 3-C, 4-D

1- A, 2- B, 3-D, 4-C

Correct Answer:

1- B, 2- A, 3-D, 4-C

Explanation:

Gross domestic product at market price is the money value of final goods and services produced within the economy in one year.

The Prime minister of India is the default chairperson of the planning commission of India. The current chairperson of the planning commission is Shri Narendra Modi.

Self-reliance after the independence of India was promoted with the help of import substitution strategies which included : Tariff(Taxes on the import of commodities) and Quotas (Limits set on the number of goods to be imported)

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