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 Union Cabinet Planning Commission Ministry of Planning National Development Council 2. Dadabhai Naoroji theorised on the drain of wealth from India in his book: Poverty in British Rule in India Poverty and Un-British Rule in India Poverty of Economic Drain in British India Poverty under British Rule in India 3. The contribution of agriculture to India’s’ economy is: increasing None of these constant decreasing 4. ‘Globalisation of Indian Economy’ means: establishing Indian business units abroad giving up programmes of import substitution having minimum possible restrictions on economic relations with other countries stepping up external borrowings 5. Which one of the following is the task of the Planning Commission? Implementation of the plan Financing of the plan Preparation of the plan Both (a) and (b) 6. The basic difference between imperative and indicative planning is that: 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 in the case of indicative planning, there is no need to nationalise any industry 7. 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 8. Who wrote the book ‘Planned Economy for India’? Sardar Vallabhbhai Patel Jawaharlal Nehru Mahatma Gandhi M. Visvesvaraya 9. The growth rate of agricultural production was negative in the: First Plan Fourth Plan Third Plan Second Plan 10. The basic feature of the Rolling Plans was that: no financial target except in the term of annual plans was envisaged no physical targets were visualized annual fluctuations in prices and major economic developments could be considered while fixing targets revision of the achievements, of previous year Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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