t.com www.GOALias.blogspot.com www.GOALias.blogspot.com

www.GOALias.blogspot.com62 Politics in India since Independenceinefficiency and corruption in some public sector enterprises and thenot-so-positive role of the bureaucracy in economic development, thepublic opinion in the country lost the faith it initially placed in manyof these institutions. Such lack of public faith led the policy makers toreduce the importance of the state in India’s economy from the 1980sonwards. We shall look at that part of the story towards the end ofthis book.EXERCISESCredit: Shankar1. Which of these statements about the Bombay Plan is incorrect?(a) It was a blueprint for India’s economic future.(b) It supported state-ownership of industry.(c) It was made by some leading industrialists.(d) It supported strongly the idea of planning.n2. Which of the following ideas did not form part of the early phase ofIndia’s development policy?(a) Planning (c) Cooperative Farming(b) Liberalisation (d) Self sufficiency3. The idea of planning in India was drawn from(a) the Bombay plan(c) Gandhian vision ofsociety(b) experiences of the Soviet (d) Demand by peasantbloc countriesorganisationsi. b and d only iii. a and b onlyii. d and c only iv. all the above