SSC economy quiz 4 September 21, 2018 September 21, 2018 Please enter your email: 1. The basic difference between imperative and indicative planning is that: in the case of indicative planning, there is no need to nationalise any industry in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector it is easier to achieve targets in imperative type of planning 2. The growth rate of agricultural production was negative in the: Third Plan First Plan Second Plan Fourth Plan 3. Which one of the following is the task of the Planning Commission? Financing of the plan Implementation of the plan Preparation of the plan Both (a) and (b) 4. Who wrote the book ‘Planned Economy for India’? Mahatma Gandhi Sardar Vallabhbhai Patel Jawaharlal Nehru M. Visvesvaraya 5. ‘Globalisation of Indian Economy’ means: giving up programmes of import substitution stepping up external borrowings establishing Indian business units abroad having minimum possible restrictions on economic relations with other countries 6. The basic feature of the Rolling Plans was that: no financial target except in the term of annual plans was envisaged annual fluctuations in prices and major economic developments could be considered while fixing targets no physical targets were visualized revision of the achievements, of previous year 7. Which of the following bodies finalises the Five Year Plan proposals Union Cabinet National Development Council Ministry of Planning Planning Commission 8. The contribution of agriculture to India’s’ economy is: None of these increasing constant decreasing 9. Which one of the following is NOT with in the duties of the Planning Commission? To prepare the annual central budget To define the stage of growth and suggest allocation of resources To make an assessment of the material, capital and human resources of the country To determine the nature of machinery required for implementation of plan proposals 10. Dadabhai Naoroji theorised on the drain of wealth from India in his book: Poverty of Economic Drain in British India Poverty in British Rule in India Poverty and Un-British Rule in India Poverty under British Rule in India Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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