A closed economy is an economy in which [CSAT 2011]
the money supply is fully controlled
deficit financing takes place
only exports take place
neither exports nor imports take place
Correct Answer :
D. neither exports nor imports take place
Related Questions
Which of the statements given below is/are correct? [CDS 2008]
1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning Commission in India is a constitutional body.
1 only
2 only
Both 1 and 2
Neither 1 nor 2
The basic difference between imperative and indicative planning is that: [IAS 1993]
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
in the case of indicative planning, there is no need to nationalise any industry
'Globalisation of Indian Economy' means:
stepping up external borrowings
establishing Indian business units abroad
having minimum possible restrictions on economic relations with other countries
giving up programmes of import substitution
In India, the Public Sector is most dominant in : [IAS 1993]
transport
steel production
commercial banking
organised term-lending financial institutions
The growth rate of agricultural production was negative in the:
First Plan
Second Plan
Third Plan
Fourth Plan
The first attempt to initiate economic planning in India was made by:
Balwantrai Mehta
Vallabhbhai Patel
M. Visvesvaraya
Jawaharlal Nehru
Which of the following may be termed as long-term objectives of Indian planning?
1. Self-reliance
2. Productive employment generation
3. Growth of 7 per cent per annum
4. Growth in infrastructure
1 and 2
3 and 4
1, 2 and 4
2, 3 and 4
The objective of self-reliance and zero net foreign aid was declared in :
Second 5-Yr Plan
Third 5-Yr Plan
Fourth 5-Yr Plan
Fifth 5-Yr Plan
Put in chronological order the following Special features/objectives of different Five Year Plans as they were first formulated:
1. Mahalanobis strategy
2. Modernisation
3. Removal of Poverty
4. Emphasis on employment generation
1,2,3,4
2,1,3,4
1,3,2,4
3,4,1,2
Which statement is correct for Indian Planning Commission?
It is not defined in Indian Constitution
Members and Vice-Chairman of it do not have fixed working duration
Members do not require any minimum education
All of the these
'Take off stage' in an economy means: [CBI 1990]
steady growth begins
economy is stagnant
economy is about to collapse
all controls are removed
An underdeveloped economy is generally characterised by :
1. Iow per capita income
2. Iow rate of capital formation
3. Iow dependency figure
4. working force largely in the tertiary sector
1 and 2
2 and 3
3 and 4
1 and 4
The 11th Five Year Plan strategy to raise agricultural output envisages which of the following?
1. Greater attention to land reforms.
2. Double the rate of growth of irrigated area.
3. Promote animal husbandry and fishery.
4. Interest free credit to the farmers.
Select the correct answer [CDS 2008]
1 and 2 only
2 and 3 only
1, 2 and 3
2 and 4 only
Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]
The Third Five-Year Plan
The Fifth Five-Year Plan
The Sixth Five-Year Plan
The Eighth Five-Year Plan
'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]
Lal Bahadur Shastri
Indira Gandhi
Morarji Desai
Rajiv Gandhi
Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices
1 and 2
1, 2 and 3
1, 2 and 4
2 and 3
The basic objectives of Indian planning are:
1. economic growth
2. self-reliance
3. employment generation
4. population growth
1, 2 and 4
1, 2 and 3
2 and 3
1, 2, 3 and 4
Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]
Indian economy is as developed as that of China.
About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.
In India, single biggest employment is agriculture and allied activities.
None of these
Which one of the following is the task of the Planning Commission? [NDA 1991]
Preparation of the plan
Implementation of the plan
Financing of the plan
Both a and b
A closed economy is an economy in which [CSAT 2011]
the money supply is fully controlled
deficit financing takes place
only exports take place
neither exports nor imports take place
Success of 4th plan was obstructed by :
poor monsoon
war with Pakistan
problem of Bengal refugees
All of the above
India had a plan holiday: [CPO AC 2003]
after the China-India War of 1962
after the drought of 1966
after the liberation of Bangladesh in 1971
after the India-Pakistan War in 1965
Economic survey is published by :[IAS 1998]
Ministry of Finance
Planning Commission
Govt. of India
Indian Statistical Institute
Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011]
Economic Factors only
Investment only
Innovation/Market Base only
All a , b & c
The Planning Commission is : [UP PCS 1994]
a Ministry
a Government department
an Advisory body
an Autonomous Corporation
Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move
Choose the correct answer from:
1, 2 and 4
1 and 2
1, 2, 3 and 4
2, 3 and 4
Who is called the 'Father of Economics' ?
Max Muller
Karl Marx
Adam Smith
None of these
In which Plan was the growth rate target exceeded?
First
Fifth
Sixth
None of these
In India, the concepts of minimum heeds and directed anti-poverty programmes were the innovations of: [CDS 2004]
Fourth Five-year Plan
Fifth Five-year Plan
Sixth Five-year Plan
Seventh Five-year Plan
In which of the Five Year Plans, preference was given to the weaker sections of the society ?
Second
Third
Fourth
Fifth