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Current Affairs January 2024

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Which of the following statements is correct? [AAO 1993]

A. Planning Commission is a constitutional body

B. The Prime Minister is the Chairman of the Planning Commission

C. The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission

D. The draft plan is prepared by the National Development Council

Correct Answer :

B. The Prime Minister is the Chairman of the Planning Commission


Related Questions

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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

A. 1, 2, 3, 4

B. 3, 2, 4, 1

C. 2, 3, 1, 4

D. 2, 1, 3, 4

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The National Development Council gets its administrative support from:

A. Planning Commission

B. Finance Commission

C. Administrative Reforms Commission

D. Sarkaria Commission

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Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]

A. Assessment of the material, capital and human resources of the country

B. Formulation of plans for the most effective and balanced utilization of country's resources

C. Public cooperation in national development

D. Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans

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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

A. 1 and 4

B. 2 and 3

C. 1, 2 and 3

D. 3 and 4

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4

Which of the following could be said to have prevented the 'trickle down' effects in Indian economy?
1. Increased dependence of agriculture on purchased inputs and privately managed irrigation
2. More employment of labour by larger landholding farmers
3. Lowered participation of women in agricultural workforce due to new technology
4. The failure of the Green Revolution

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. 2 and 4

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Rolling plan was designed for the period: [IAS 2003]

A. 1978-83

B. 1980-85

C. 1985-90

D. 1974-97

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The decentralisation system was recommended by :

A. C.Rajagopalachari

B. J.B. Kripalan

C. Balwant Rai Mehta

D. Ashok Mehta

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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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Who is the Deputy Chairman of Planning Commission?

A. Prime Minister

B. Finance Minister

C. Commerce Minister

D. None of the above

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

A. indicative

B. imperative

C. limited

D. democratic

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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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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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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

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'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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Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011]

A. Economic Factors only

B. Investment only

C. Innovation/Market Base only

D. All a , b & c

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Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]

A. To define the stage of growth and suggest allocation of resources

B. To make an assessment of the material, capital and human resources of the country

C. To determine the nature of machinery required for implementation of plan proposals

D. To prepare the annual central budget

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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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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

A. 1, 3, 2

B. 2, 1, 3

C. 2, 3, 1

D. 3, 2, 1

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The Second Five Year Plan laid more stress upon:

A. agriculture

B. industrialisation

C. removing poverty

D. self-reliance

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1.National Development Council was set up in:

A. 1948

B. 1950

C. 1951

D. 1952

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Who is called the 'Father of Economics' ?

A. Max Muller

B. Karl Marx

C. Adam Smith

D. None of these

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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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In which of the Five Year Plans, preference was given to the weaker sections of the society ?

A. Second

B. Third

C. Fourth

D. Fifth

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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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Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices

A. 1 and 2

B. 1, 2 and 3

C. 1, 2 and 4

D. 2 and 3

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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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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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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:

A. 1, 2 and 4

B. 1 and 2

C. 1, 2, 3 and 4

D. 2, 3 and 4

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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

A. 1 and 2

B. 2 and 3

C. 3 and 4

D. 1 and 4