The first attempt to initiate economic planning in India was made by:
Balwantrai Mehta
Vallabhbhai Patel
M. Visvesvaraya
Jawaharlal Nehru
Correct Answer :
C. M. Visvesvaraya
Related Questions
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
Who wrote the book 'Planned Economy for India'?
M. Visvesvaraya
Sardar Vallabhbhai Patel
Jawaharlal Nehru
Mahatma Gandhi
Who is the Deputy Chairman of Planning Commission?
Prime Minister
Finance Minister
Commerce Minister
None of the above
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
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
Consider the following statements: [IAS 2004]
1. The highest deciding body for planning in India is the Planning Commission of India.
2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council
3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India.
Which of the statements given above is/are correct?
1 and 2
2 only
2 and 3
3 only
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
Which of the following gives an accurate measurement of economic development through Five Year Plans?
Development of education and health services
Development of railways and roadways
Rise in national income and per capita income
Development of industrial towns and industrial estates
The National Development Council gets its administrative support from:
Planning Commission
Finance Commission
Administrative Reforms Commission
Sarkaria Commission
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 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 the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in [IAS 2010]
fourth Plan
sixth Plan
eighth Plan
tenth Plan
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
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
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 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
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
____ is the ex-officio chairman of Planning Commission and National Development Council.
Prime Minister
President
Finance Minister
Commerce Minister
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 of the following statements is correct? [AAO 1993]
Planning Commission is a constitutional body
The Prime Minister is the Chairman of the Planning Commission
The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
The draft plan is prepared by the National Development Council
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
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 of the following are not correct assessments of the decades of India's Five-Year Plans?
1. There has been very low capital formation
2. Growth has favoured the better off
3. Production has increased substantially though often falling short of targets
4. The public sector has contributed nothing to economic growth
1 and 4
2 and 3
1, 2 and 3
3 and 4
Rolling plan was designed for the period: [IAS 2003]
1978-83
1980-85
1985-90
1974-97
India's economic planning CANNOT be said to be : [NDA 2002]
indicative
imperative
limited
democratic
In which of the Five Year Plans, preference was given to the weaker sections of the society ?
Second
Third
Fourth
Fifth
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
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
'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