Which of the following reforms shaped the Indian economy after independence? 1. Setting up of planning commission 2. Green revolution 3. Nationalization of banks Select the correct answer from below given codes: |ForumIAS

[A] Only one

[B] Only two

[C] Only three

[D] None

Answer: C

Notes:

Explanation: Key Decisions which shaped Indian Economy:

Setting Up Of Planning Commission – Inspired by the centralised planning of the USSR, Prime Minister Nehru set up a Planning Commission in 1950 which formulated the five-year plans.
The Green Revolution – To help increase the yield of Indian agriculture and make India a food surplus country in the 1960s, Union Government led by Prime Minister Lal Bahadur Shastri tasked MS Swaminathan to revolutionise India’s agriculture sector.
Operation Flood – Dr Verghese Kurien spearheaded Operation Flood in the 1970s which resulted in increased milk production from 21 million tonnes in 1971 to 80.6 million tonnes in 2001.
Nationalization Of Banks – Prime Minister Indira Gandhi announced the nationalization of 14 banks on July 19, 1969, to expand the banking sector to rural areas.

Source: FORUMIAS