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