Question

Which one of the following statement regarding the achievements of Indian economy is NOT correct?

• A. The rate of increase in gross national product is markedly low.
• B. Per capita income in economy is not properly adopted.
• C. Socialist pattern of economy is properly adopted.
• D. Price rise has been checked since planning started.

Answer 1

Answer: (D)

Price rise has been checked since planning started.

Price rise has been checked since planning started.= this is an incorrect statement regarding the achievements of Indian economy. Since the planning started in India, it is witnessed that inflation did take place and it has not always been checked. Inflation refers to rising value of goods and services in an economy as a whole.