Indian Economy MCQ – 3 previous year questions with solutions

C — B. Sivaraman chaired CRAFICARD; on its recommendation NABARD was set up on 12 July 1982.

B — Importing foreign consumer goods. The core goals were growth, modernisation, self-reliance and equity; import substitution, not consumer imports, was the strategy.

C — Agriculture and allied sector. Around 1950–51 it contributed roughly half of national income and employed about 70% of the workforce.