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1. National Development Council was set up in ?
Answer- 1952
4. The principal reason of why National economic planning is still being pursued in spite of embracing a market economy since 1991 is that ___
12. What is mixed economy ?
29. The "slack season "in the India economy is
2. For internal financing of five year plans , the government depends on ____
Answer- taxation only
3. The planning commission is an__
Answer- Advisory body
4. The principal reason of why National economic planning is still being pursued in spite of embracing a market economy since 1991 is that ___
(IAS 1994)
Answer- Five years plan can continue to provide a long-term perspective to the economy in market friendly fashion
5. Tak off stage in an economy means what? (CBI 1990)
Answer- đĻteady growth đ¯đ˛đ´đļđģ
6. Planning in India derives its objective from ____
Answer- Directive Principles of State Policy
7. Economic survey is published by ? (IAS 1998)
Answer- Ministry of Finance
8. Father of Economics is ?
Answer- Adamsmith
9. The concept of 5 years plans in India was introduced by whom?
Answer- Jawaharlal Nehru
10. Which type of economy India has? (CDS 1992)
Answer- Mixed economy
11. India opted for mixed economy in ?
Answer-industrial policy of 1948
12. What is mixed economy ?
(CDS 2009)
Answer- An economy where there is coexistence of public sector along with the private sector.
13. The strategy of Rolling plan was adopted during the Prime minister of__
Answer- Moraji Desai
14. Who was the first Deputy Chairman of Planning Commission of India?
Answer- V T Krishnamachari
15. By which council Bombay plan is setting up ?
Answer- National Development Council
16. What is the basic objectives of Indian Planning Commission ?
Answer- Economic growth self Reliance employment generation
17 .An underdevelopment economy is generally characterized by__
Answer- 1.low per capita income
2 .low rate of capital information
18. In India the public sector is most dominant in____
Answer- Commercial banking
19. The first attempt to initiate economic planning in India was made by ?
Answer- M Visvesvaraya
20. Which Council finalised the five year plan proposal ?
Answer- National Development Council
21 . In which five year plan the growth rate of Agricultural production was negative ?
Answer- third plan
22. The second five year plan lead more stress upon ?
Answer- Industrialisation
23. The Steel plants at Durgapur , Bhailai and Rourkela established during which period?
Answer- Second five year plan
24. Who is the ex-officio chairman of planning commission and National Development Council ?
Answer- Prime Minister
25. The Nehru- Mahalanobis strategy of development guide the planning practice in India from?
Answer- Second five year plan to seventh five year plan
26. What is a closed economy? (CSAT 2011)
Answer- An economy in which neither exports nor imports that place
27. In which plan was the growth rate target exceeded?
Answer- First five year plan
28. During which plan did prices show a decline ?
Answer- First five year plan
29. The "slack season "in the India economy is
(Railway 1994)
Answer- January to June
30. Unemployment which occur when workers move from one job to another job is known as (IAS 1992)
Answer- Frictional unemployment
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