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: it is easier to achieve targets in imperative type of planning 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 2. The basic feature of the Rolling Plans was that: 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 no financial target except in the term of annual plans was envisaged 3. Dadabhai Naoroji theorised on the drain of wealth from India in his book: Poverty under British Rule in India Poverty and Un-British Rule in India Poverty in British Rule in India Poverty of Economic Drain in British India 4. Who wrote the book ‘Planned Economy for India’? Sardar Vallabhbhai Patel Mahatma Gandhi Jawaharlal Nehru M. Visvesvaraya 5. ‘Globalisation of Indian Economy’ means: having minimum possible restrictions on economic relations with other countries establishing Indian business units abroad stepping up external borrowings giving up programmes of import substitution 6. Which of the following bodies finalises the Five Year Plan proposals Ministry of Planning Planning Commission National Development Council Union Cabinet 7. Which one of the following is NOT with in the duties of the Planning Commission? To determine the nature of machinery required for implementation of plan proposals To make an assessment of the material, capital and human resources of the country To prepare the annual central budget To define the stage of growth and suggest allocation of resources 8. Which one of the following is the task of the Planning Commission? Preparation of the plan Financing of the plan Implementation of the plan Both (a) and (b) 9. The growth rate of agricultural production was negative in the: Third Plan Fourth Plan First Plan Second Plan 10. The contribution of agriculture to India’s’ economy is: constant decreasing None of these increasing Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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