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
Correct Answer :
D. 3 and 4
Related Questions
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
The concept of Five Year Plans in India was introduced by
Lord Mountbatten
Jawaharlal Nehru
Indira Gandhi
Lal Bahadur Shastri
In which Plan was the growth rate target exceeded?
First
Fifth
Sixth
None of these
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
The contribution of agriculture to India's' economy is:
increasing
decreasing
constant
None of these
Who is called the 'Father of Economics' ?
Max Muller
Karl Marx
Adam Smith
None of these
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
70% of working population of India is engaged in:
public sector
primary sector
secondary sector
tertiary sector
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
The basic feature of the Rolling Plans was that:
no physical targets were visualized
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
The Planning Commission of India:
I. was set up in 1950
II. is a constitutional body
III. is an advisory body
IV. is a government department
I and II
II and III
I and III
III only
India has: [CDS 1992]
Socialistic economy
Gandhian economy
Mixed economy
Free economy
'Take off stage' in an economy means: [CBI 1990]
steady growth begins
economy is stagnant
economy is about to collapse
all controls are removed
The Second Five Year Plan laid more stress upon:
agriculture
industrialisation
removing poverty
self-reliance
Economic survey is published by :[IAS 1998]
Ministry of Finance
Planning Commission
Govt. of India
Indian Statistical Institute
The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]
the vast quantity of capital already deployed in the public sector needs to be nurtured
the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary
it is a constitutional requirement
Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions
India's economic planning CANNOT be said to be : [NDA 2002]
indicative
imperative
limited
democratic
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
Who among the following was the first Chairman of the Planning Commission? [CDS 2008]
Dr. Rajendra Prasad
Pt. Jawahar Lal Nehru
Sardar Vallabhbhai Patel
J.B. Kripalani
During which Five Year Plan was the total expenditure on agriculture the highest?
First Five Year Plan
Second Five Year Plan
Third Five Year Plan
Fourth Five Year Plan
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 deputy chairman of the Planning Commission: [UP PCS 1994]
is the Prime Minister
is the Planning Minister
holds the rank of a cabinet minister
is an economist of repute
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
Planning in India derives its objectives from:
Fundamental Rights
Directive Principles of State policy
Fundamental Duties
Preamble
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 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
What is the correct sequence of the following strategies used for Five Year Plans in India?
1. Balanced growth
2. Rehabilitation of the economy
3. Industrial development
1, 3, 2
2, 1, 3
2, 3, 1
3, 2, 1
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
____ is the ex-officio chairman of Planning Commission and National Development Council.
Prime Minister
President
Finance Minister
Commerce Minister
Success of 4th plan was obstructed by :
poor monsoon
war with Pakistan
problem of Bengal refugees
All of the above