SSC economy quiz 4 September 21, 2018 September 21, 2018 Please enter your email: 1. Which of the following bodies finalises the Five Year Plan proposals Ministry of Planning Planning Commission National Development Council Union Cabinet 2. Which one of the following is NOT with in the duties of the Planning Commission? To make an assessment of the material, capital and human resources of the country To prepare the annual central budget To determine the nature of machinery required for implementation of plan proposals To define the stage of growth and suggest allocation of resources 3. 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 4. Dadabhai Naoroji theorised on the drain of wealth from India in his book: Poverty in British Rule in India Poverty of Economic Drain in British India Poverty under British Rule in India Poverty and Un-British Rule in India 5. 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 imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector 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 6. ‘Globalisation of Indian Economy’ means: giving up programmes of import substitution having minimum possible restrictions on economic relations with other countries stepping up external borrowings establishing Indian business units abroad 7. Which one of the following is the task of the Planning Commission? Financing of the plan Both (a) and (b) Preparation of the plan Implementation of the plan 8. Who wrote the book ‘Planned Economy for India’? M. Visvesvaraya Mahatma Gandhi Jawaharlal Nehru Sardar Vallabhbhai Patel 9. The growth rate of agricultural production was negative in the: First Plan Third Plan Fourth Plan Second Plan 10. The contribution of agriculture to India’s’ economy is: constant None of these decreasing increasing Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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