Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Arrange the following in order of occurrance.

A. Green Revolution
B. Setting up of Planning Commission
C. Resolution which formed on the basis of second Five Year Plan
D. Exchange rate was made fully convertable for Current Acccounts
E. Karve Committee

Choose the correct answer from the options given below:

Options:

B, C, E, A, D

B, E, C, A, D

B, E, C, D, A

B, C, E, D, A

Correct Answer:

B, E, C, A, D

Explanation:

B. Setting up of Planning Commission: 1950

E: In 1955, the Village and Small-Scale Industries Committee, also called the Karve Committee, noted the possibility of using small-scale industries for promoting rural development.

C: In accordance with the goal of the state controlling the commanding heights of the economy, the Industrial Policy Resolution of 1956 was adopted. This resolution formed the basis of the Second Five Year Plan, the plan which tried to build the basis for a socialist pattern of society.

A. Green Revolution : 1960s

D. Exchange rate was made fully convertable for Current Acccounts : 1993