Preparation of the plan
Implementation of the plan
Financing of the plan
Both a and b
A. Preparation of the plan
Socialistic economy
Gandhian economy
Mixed economy
Free economy
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
1978-83
1980-85
1985-90
1974-97
public sector
primary sector
secondary sector
tertiary sector
a Ministry
a Government department
an Advisory body
an Autonomous Corporation
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
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
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
1 and 2
2 and 3
3 and 4
1 and 4
indicative
imperative
limited
democratic
I and II
II and III
I and III
III only
1,2,3,4
2,1,3,4
1,3,2,4
3,4,1,2
one year
three years
five years
year to year basis
fourth Plan
sixth Plan
eighth Plan
tenth Plan
in the Union List
in the State List
in the Concurrent List
unspecified in any special list
I and II
I and III
II and III
I, II, III and IV
Balwantrai Mehta
Vallabhbhai Patel
M. Visvesvaraya
Jawaharlal Nehru
1, 2 and 4
1, 2 and 3
2 and 3
1, 2, 3 and 4
1 and 4
2 and 3
1, 2 and 3
3 and 4
1 only
2 only
Both 1 and 2
Neither 1 nor 2
steady growth begins
economy is stagnant
economy is about to collapse
all controls are removed
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
1, 2, 3, 4
3, 2, 4, 1
2, 3, 1, 4
2, 1, 3, 4
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
Dr. Rajendra Prasad
Pt. Jawahar Lal Nehru
Sardar Vallabhbhai Patel
J.B. Kripalani
Prime Minister
President
Finance Minister
Commerce Minister
the public sector
the private sector
the public, private, joint and Cooperative sectors
increasing collaboration with non-resident Indians
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
Second
Third
Fourth
Fifth
1 and 2
1, 2 and 3
1, 2 and 4
2 and 3