'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
Correct Answer :
C. having minimum possible restrictions on economic relations with other countries
Related Questions
The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990]
First Five Year Plan
Second Five Year Plan
Third Five Year Plan
Fourth Five Year PIan
Who was the first Deputy Chairman of Planning Commission of India?
Shri Jawaharlal Nehru
Dr.Rajendra Prasad
Shri V.T.Krishnamachari
Shri C.Rajagopalachari
Who of the following was the author of the chapter on Objectives of Planned Development for the Third Five Year Plan? [IAS 2008]
Morarji Desai
C.D. Deshmukh
Jawaharlal Nehru
Lal Bahadur Shastri
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
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
Put in chronological order
1. Constitution of National Planning Committee -by the Indian National Congress under Jawaharlal Nehru
2. Planned Economy for India by Visvesvaraya published
3. Bombay Plan
4. Setting up of the National Development Council
1, 2, 3, 4
3, 2, 4, 1
2, 3, 1, 4
2, 1, 3, 4
The contribution of agriculture to India's' economy is:
increasing
decreasing
constant
None of these
____ is the ex-officio chairman of Planning Commission and National Development Council.
Prime Minister
President
Finance Minister
Commerce Minister
In which one of the following five year plans the actual growth performance in India in respect of GDP (at factor cost) was less than the target set? [NDA 2008]
Sixth five year plan
Seventh five year plan
Eighth five year plan
Ninth five year plan
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
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
Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]
Planning Commission
Union Cabinet
National Development Council
Ministry of Planning
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India ? [IAS 2007]
Services-Industry-Agriculture
Services-Agriculture-Industry
Industry-Services-Agriculture
Industry-Agriculture-Services
Self-reliance in the economic context implies that a country:
1. meets its demands for all goods and services from its domestic production
2. exports some of its goods but does not need to import anything
3. has sufficient foreign exchange reserves to buy all its needs
4. meets its demand for certain vital goods and services from its domestic production
1 and 3
2 and 4
1, 2 and 3
3 and 4
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
A rolling plan was a plan for:
one year
three years
five years
year to year basis
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
India has: [CDS 1992]
Socialistic economy
Gandhian economy
Mixed economy
Free economy
The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012]
First Five-Year Plan to the Sixth Five-Year Plan
Fourth Five-Year Plan to the Eighth Five-Year Plan
Second Five-Year Plan to the Seventh Five-Year Plan
First Five-Year Plan to the Eighth Five-Year Plan
70% of working population of India is engaged in:
public sector
primary sector
secondary sector
tertiary sector
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
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
Consider the following about the 'Rolling Plan':
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 years
Which of the above are correct? [BPSC 2011]
I and II
I and III
II and III
I, II, III and IV
Rolling plan was designed for the period: [IAS 2003]
1978-83
1980-85
1985-90
1974-97
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
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 Second Five Year Plan laid more stress upon:
agriculture
industrialisation
removing poverty
self-reliance
Economic Planning is a subject: [Asstt Grade 1991]
in the Union List
in the State List
in the Concurrent List
unspecified in any special list
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
The first attempt to initiate economic planning in India was made by:
Balwantrai Mehta
Vallabhbhai Patel
M. Visvesvaraya
Jawaharlal Nehru