Topics: CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books

Independent India’s Development Path

Question

After independence, India chose which path for economic development?

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Question (English)

After independence, India chose which path for economic development?

  1. Laissez-faire capitalism
  2. Planned development through five year plans ✓ Correct
  3. Complete nationalisation of all industries
  4. Continuation of colonial economic policies
Explanation:
Correct Answer Explanation

India chose the path of planned development, establishing the Planning Commission and announcing five year plans.

Key Points:
  • The Government took steps to address enormous challenges inherited from colonial rule.
  • Five year plans set goals for economic and social development.
  • This approach aimed at balanced development of all sectors.
  • The planning approach was a response to the failures of colonial economic policy.

📚 About this Topic — CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE

This multiple choice question is from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-1: INDIAN ECONOMY ON THE EVE OF INDEPENDENCE to strengthen your preparation.

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