Indian Economists and Their Ideas: Checkpoint 1

Quick checkpoint - five questions on R.C. Dutt, Gadgil, V.K.R.V. Rao, K.N. Raj and Raj Krishna.

Question 1 of 5 What did R.C. Dutt blame for famines in colonial India?

Heavy land revenue Too much rain Free trade in grain only Nothing

High taxes left farmers without reserves.

Question 2 of 5 What did the 1969 Gadgil formula do?

Set how central plan funds were shared among states Set interest rates Created GST Ended planning

It was a landmark in fiscal federalism.

Question 3 of 5 What did V.K.R.V. Rao pioneer?

Estimates of India's national income Stock exchanges Microfinance Space research

He estimated income for 1931-32.

Question 4 of 5 Which institute did K.N. Raj found in Kerala?

Centre for Development Studies IIT Madras ISRO RBI

It shaped the Kerala model idea.

Question 5 of 5 What did Raj Krishna's "Hindu rate of growth" describe?

India's slow growth of about 3.5 percent A religious tax Temple finances Fast growth after 1991

He blamed policies, not culture.

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