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
Correct Answer :
C. annual fluctuations in prices and major economic developments could be considered while fixing targets
Related Questions
Who was the first Deputy Chairman of Planning Commission of India?
Shri Jawaharlal Nehru
Dr.Rajendra Prasad
Shri V.T.Krishnamachari
Shri C.Rajagopalachari
Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]
Assessment of the material, capital and human resources of the country
Formulation of plans for the most effective and balanced utilization of country's resources
Public cooperation in national development
Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
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 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
'Take off stage' in an economy means: [CBI 1990]
steady growth begins
economy is stagnant
economy is about to collapse
all controls are removed
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
Who is the Deputy Chairman of Planning Commission?
Prime Minister
Finance Minister
Commerce Minister
None of the above
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
Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services
1 and 2
2 and 3
3 and 4
1 and 4
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
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
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 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
Dadabhai Naoroji theorised on the drain of wealth from India in his book:
Poverty under British Rule in India
Poverty in British Rule in India
Poverty and Un-British Rule in India
Poverty of Economic Drain in British India
Who is called the 'Father of Economics' ?
Max Muller
Karl Marx
Adam Smith
None of these
1.National Development Council was set up in:
1948
1950
1951
1952
India opted for 'Mixed Economy' in :
Framing of the Constitution
Second Five Year Plan
Industrial Policy of 1948
None of the above
70% of working population of India is engaged in:
public sector
primary sector
secondary sector
tertiary sector
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
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
In which of the Five Year Plans, preference was given to the weaker sections of the society ?
Second
Third
Fourth
Fifth
The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]
the public sector
the private sector
the public, private, joint and Cooperative sectors
increasing collaboration with non-resident Indians
Success of 4th plan was obstructed by :
poor monsoon
war with Pakistan
problem of Bengal refugees
All of the above
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
The Second Five Year Plan laid more stress upon:
agriculture
industrialisation
removing poverty
self-reliance
In which Plan was the growth rate target exceeded?
First
Fifth
Sixth
None of these
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 of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins
I, II and III
I and IV
II and III
I, II, III and IV
Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]
To define the stage of growth and suggest allocation of resources
To make an assessment of the material, capital and human resources of the country
To determine the nature of machinery required for implementation of plan proposals
To prepare the annual central budget