Fundamentals of Indian Economy and Planning Set 1

Q1 | The Planning Commission of India: I. was set up in 1950 II. is a constitutional body III. is an advisory body IV. is a government department

Q2 | Put in chronological order 1. Constitution of National Planning Committee -by the Indian National Congress under Jawaharlal Nehru 2. Planned Economy for India by Visvesvaraya published 3. Bombay Plan 4. Setting up of the National Development Council

Q3 | Microeconomics is concerned with: 1. behaviour of industrial decision-makers 2. the level of employment 3. changes in the general level of prices 4. determination of prices of goods and services

Q4 | Indicative Planning being pursued in India since the 8th Plan aims at ensuring that: 1. Planning mechanism plays a facilitatory role 2. Planning mechanism brings about a balance between need and supply 3. Planning mechanism concerns itself with optima! utilisation of resources 4. Planning concerns itself with laying down broad directions in which the economy should move Choose the correct answer from:

Q5 | Consider the following statements: [IAS 2004] 1. The highest deciding body for planning in India is the Planning Commission of India. 2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council 3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India. Which of the statements given above is/are correct?

Q6 | The basic objectives of Indian planning are: 1. economic growth 2. self-reliance 3. employment generation 4. population growth

Q7 | An underdeveloped economy is generally characterised by : 1. Iow per capita income 2. Iow rate of capital formation 3. Iow dependency figure 4. working force largely in the tertiary sector

Q8 | Self-reliance in the economic context implies that a country: 1. meets its demands for all goods and services from its domestic production 2. exports some of its goods but does not need to import anything 3. has sufficient foreign exchange reserves to buy all its needs 4. meets its demand for certain vital goods and services from its domestic production

Q9 | Which of the following gives an accurate measurement of economic developmentthrough Five Year Plans?

Q10 | In India, the Public Sector is most dominant in : [IAS 1993]

Q11 | The first attempt to initiate economic planning in India was made by:

Q12 | The decentralisation system was recommended by :

Q13 | The main objective of First Five-year Plan was:

Q14 | India had a plan holiday: [CPO AC 2003]

Q15 | Rolling plan was designed for the period: [IAS 2003]

Q16 | 'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]

Q17 | A rolling plan was a plan for:

Q18 | The basic feature of the Rolling Plans was that:

Q19 | The growth rate of agricultural production was negative in the:

Q20 | Which one of the following is the task of the Planning Commission? [NDA 1991]

Q21 | Who wrote the book 'Planned Economy for India'?

Q22 | 'Globalisation of Indian Economy' means:

Q23 | The contribution of agriculture to India's' economy is:

Q24 | Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]

Q25 | Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]