Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Environment

Question:

In order to solve economic problems of our country, the government took several steps. Which of the following is that step?

Options:

Control by the State of certain industries

Central planning

Reduced importance of the private sector

All of these

Correct Answer:

All of these

Explanation:

In order to solve economic problems of our country, the government took several steps including control by the State of certain industries , central planning and reduced importance of the private sector. The main objectives of India’s development plans were:
(a) Initiate rapid economic growth to raise the standard of living, reduce unemployment and poverty.
(b) Become self-reliant and set up a strong industrial base with emphasis on heavy and basic industries.
(c) Reduce inequalities of income and wealth.
(d) Adopt a socialist pattern of development — based on equality and prevent exploitation of man by man