Assertion Reason: Indian economy (1950-90)

1. Assertion (A): In mixed economic system, both private and public sector play an important role. Reason (R): In mixed economic system, equality is promoted :

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is B)

2.Assertion (A): In the first seven plans, trade was characterized by what is commonly called inward looking trade strategy. Reason (R): This policy aimed at replacing or substituting imports with domestic production.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

3.Assertion (A): In 1950, the Planning Commission was set up under the Chairperson of the then Prime Minister Jawaharlal Nehru. Reason (R): Prime minister is an ex- officio chairperson of Planning Commission.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

4.Assertion (A): In the first phase of Green Revolution, all states received the HYV seeds. Reason (R): The used of HYV seeds primarily benefited the wheat growing regions only:

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is D)

5.Assertion (A): In socialist economy, GDP growth remains a slow process. Reason (R): In socialist economy, production is not directed by the principle of 'profit maximization'

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

6. Assertion (A): At the time of independence, Indian industrialists did not have the capital to undertake investment in industrial ventures required for the development of our economy. Reason (R): The state have complete control of those industries that were vital for the economy.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is B)

7.Assertion (A): The First Industrial Policy Resolution in independent India was introduce in the year 1948. Reason (R): The First Five Year Plan was introduced in 1951 and the last five year Plan was introduced in 2017.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is C)

8.Assertion (A): The excessive regulation what is known as permit license raj prevented certain firms from becoming more efficient. Reason (R): More time was spent by industrialists in trying to obtain a license or lobby with the concerned ministries rather than on thinking about how to improve their products.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer isA)

9.Assertion (A): Equal distribution and equitable distribution both are the same things. Reason (R): GDP growth is a common goal of Five Year Plans in India.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is D)

10.Assertion (A): Industry provides employment which is more stable than the employment in agriculture. Reason(R): Economists have found that poor nations can progress only if they have a good industrial sector

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

11.Assertion (A): The twin goals of self-efficiency and self-reliance were accorded a high priority during the first seven year plans. Reason (R): India wanted to be self-sufficient in order to avoid uncertainties of supply from rest of the world.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

12.Assertion (A): Modernization includes adaptation of latest Technology in production and change in Social Outlook. Reason (R): Modernization raises the standard of living of People of a country.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is B)

13. Assertion (A): The planning policies during the period 1950-1990 failed to eradicate poverty or curb inflation in the Indian economy. Reason (R): The strategy of growth envisaged by the planners proved to be a questionable dispensation for the growth of Indian economy to the desired extent.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

14.Assertion (A): Economic Planning rules out the free play of market force. Reason (R) .It does not rule out free play of market forces rather it is dependent on model of economic planning.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is D)

15.Assertion (A): Owing to reforms in agriculture, there was a revolutionary rise in agricultural output and productivity. Reason (R): Land reforms focused on the abolition of intermediaries between the state and tiller of the soil.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

16.Assertion (A): The major policy initiative i.e. land reforms and green revolution helped India to become self-sufficient in food grains production. Reason (R): The proportion of people depending on agriculture did not decline as expected.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is B)

17.Assertion (A): Small- scale industries promote balanced regional growth. Reason (R): Small-scale industries show regional flexibility.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

18.Assertion (A): Industrial Policy Resolution (IPR) 1956, industries were reclassified into three categories viz. schedule A, schedule B and schedule C. Reason (R): The system of Industrial Licensing was used for all types of industries after the IPR 1956.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is C)

19.Assertion (A): The gains of Green Revolution eluded small and marginal farmers. Reason (R): HYV technology required expensive inputs which were beyond the reach of marginal farmers.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is A)

20.Assertion (A): The land reforms initiated by the government intended to support the tillers of the soil. Reason (R): The zamindars tried to develop the farming technique by adopting new method of farming.

A) Both assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
B) Both assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
C) Assertion (A) is true but Reason (R) is false.
D) Assertion (A) is false but Reason (R) is true.

... Answer is C)