SSC economy quiz 4 September 21, 2018 September 21, 2018 Please enter your email: 1. Dadabhai Naoroji theorised on the drain of wealth from India in his book: Poverty and Un-British Rule in India Poverty under British Rule in India Poverty of Economic Drain in British India Poverty in British Rule in India 2. 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 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 indicative planning, there is no need to nationalise any industry in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector 3. ‘Globalisation of Indian Economy’ means: giving up programmes of import substitution stepping up external borrowings having minimum possible restrictions on economic relations with other countries establishing Indian business units abroad 4. Who wrote the book ‘Planned Economy for India’? Jawaharlal Nehru Mahatma Gandhi Sardar Vallabhbhai Patel M. Visvesvaraya 5. Which of the following bodies finalises the Five Year Plan proposals National Development Council Planning Commission Union Cabinet Ministry of Planning 6. 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 define the stage of growth and suggest allocation of resources To prepare the annual central budget To determine the nature of machinery required for implementation of plan proposals 7. The growth rate of agricultural production was negative in the: Second Plan Fourth Plan First Plan Third Plan 8. The contribution of agriculture to India’s’ economy is: None of these constant decreasing increasing 9. The basic feature of the Rolling Plans was that: revision of the achievements, of previous year annual fluctuations in prices and major economic developments could be considered while fixing targets no financial target except in the term of annual plans was envisaged no physical targets were visualized 10. Which one of the following is the task of the Planning Commission? Implementation of the plan Preparation of the plan Both (a) and (b) Financing of the plan Loading … Question 1 of 10 Share this:WhatsAppTelegramTweet Related
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