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