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Current Affairs January 2024

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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

A. I and II

B. II and III

C. I and III

D. III only

Correct Answer :

C. I and III


Related Questions

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4

Planning in India derives its objectives from:

A. Fundamental Rights

B. Directive Principles of State policy

C. Fundamental Duties

D. Preamble

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4

In which Plan was the growth rate target exceeded?

A. First

B. Fifth

C. Sixth

D. None of these

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4

Mixed economy means an economy where [CDS 2009]

A. both agriculture and industry are equally promoted by the state

B. there is co-existence of public sector along with private sector

C. there is importance of small scale industries along with heavy industries

D. economy is controlled by military as well as civilian rulers

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4

The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]

A. the vast quantity of capital already deployed in the public sector needs to be nurtured

B. the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary

C. it is a constitutional requirement

D. Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions

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4

1.National Development Council was set up in:

A. 1948

B. 1950

C. 1951

D. 1952

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4

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

A. 1,2,3,4

B. 2,1,3,4

C. 1,3,2,4

D. 3,4,1,2

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4

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

A. 1 and 2

B. 3 and 4

C. 1, 2 and 4

D. 2, 3 and 4

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4

A closed economy is an economy in which [CSAT 2011]

A. the money supply is fully controlled

B. deficit financing takes place

C. only exports take place

D. neither exports nor imports take place

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4

Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]

A. Indian economy is as developed as that of China.

B. About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.

C. In India, single biggest employment is agriculture and allied activities.

D. None of these

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4

The basic feature of the Rolling Plans was that:

A. no physical targets were visualized

B. revision of the achievements, of previous year

C. annual fluctuations in prices and major economic developments could be considered while fixing targets

D. no financial target except in the term of annual plans was envisaged

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4

The deputy chairman of the Planning Commission: [UP PCS 1994]

A. is the Prime Minister

B. is the Planning Minister

C. holds the rank of a cabinet minister

D. is an economist of repute

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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

A. 1 and 2

B. 2 and 3

C. 3 and 4

D. 1 and 4

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4

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.

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

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4

The growth rate of agricultural production was negative in the:

A. First Plan

B. Second Plan

C. Third Plan

D. Fourth Plan

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4

Economic survey is published by :[IAS 1998]

A. Ministry of Finance

B. Planning Commission

C. Govt. of India

D. Indian Statistical Institute

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4

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]

A. Services-Industry-Agriculture

B. Services-Agriculture-Industry

C. Industry-Services-Agriculture

D. Industry-Agriculture-Services

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4

'Globalisation of Indian Economy' means:

A. stepping up external borrowings

B. establishing Indian business units abroad

C. having minimum possible restrictions on economic relations with other countries

D. giving up programmes of import substitution

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4

Who was the first Deputy Chairman of Planning Commission of India?

A. Shri Jawaharlal Nehru

B. Dr.Rajendra Prasad

C. Shri V.T.Krishnamachari

D. Shri C.Rajagopalachari

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4

Which of the following gives an accurate measurement of economic development through Five Year Plans?

A. Development of education and health services

B. Development of railways and roadways

C. Rise in national income and per capita income

D. Development of industrial towns and industrial estates

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4

Who among the following was the first Chairman of the Planning Commission? [CDS 2008]

A. Dr. Rajendra Prasad

B. Pt. Jawahar Lal Nehru

C. Sardar Vallabhbhai Patel

D. J.B. Kripalani

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4

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

A. 1 and 3

B. 2 and 4

C. 1, 2 and 3

D. 3 and 4

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4

Success of 4th plan was obstructed by :

A. poor monsoon

B. war with Pakistan

C. problem of Bengal refugees

D. All of the above

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4

The basic objectives of Indian planning are:
1. economic growth
2. self-reliance
3. employment generation
4. population growth

A. 1, 2 and 4

B. 1, 2 and 3

C. 2 and 3

D. 1, 2, 3 and 4

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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

A. I, II and III

B. I and IV

C. II and III

D. I, II, III and IV

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4

India's economic planning CANNOT be said to be : [NDA 2002]

A. indicative

B. imperative

C. limited

D. democratic

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4

The basic difference between imperative and indicative planning is that: [IAS 1993]

A. it is easier to achieve targets in imperative type of planning

B. in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector

C. 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

D. in the case of indicative planning, there is no need to nationalise any industry

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4

70% of working population of India is engaged in:

A. public sector

B. primary sector

C. secondary sector

D. tertiary sector

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4

India has: [CDS 1992]

A. Socialistic economy

B. Gandhian economy

C. Mixed economy

D. Free economy

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4

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]

A. The Third Five-Year Plan

B. The Fifth Five-Year Plan

C. The Sixth Five-Year Plan

D. The Eighth Five-Year Plan

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4

India opted for 'Mixed Economy' in :

A. Framing of the Constitution

B. Second Five Year Plan

C. Industrial Policy of 1948

D. None of the above