Economic Planning in India
Economics ⇒ Government and the Economy
Economic Planning in India starts at 10 and continues till grade 12.
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Describe the concept of 'indicative planning' as followed in recent years in India.
Describe the process of formulating a Five Year Plan in India.
Explain the concept of 'balanced regional development' in Indian planning.
Explain the difference between economic growth and economic development in the context of planning.
Explain the role of public sector in Indian economic planning.
Explain the term 'mixed economy' as adopted in Indian planning.
Explain the term 'sectoral allocation' in the context of Five Year Plans.
Name the model of economic development adopted in the Second Five Year Plan.
Which Five Year Plan is known as the 'Gadgil Yojana'? (1) Third (2) Fourth (3) Fifth (4) Sixth
Which institution was primarily responsible for formulating Five Year Plans in India? (1) Reserve Bank of India (2) Planning Commission (3) NITI Aayog (4) Ministry of Finance
Which of the following is a key function of NITI Aayog? (1) Formulating Five Year Plans (2) Implementing monetary policy (3) Providing policy advice and fostering cooperative federalism (4) Regulating stock markets
Which of the following is a limitation of economic planning in India? (1) Efficient implementation (2) Political interference (3) Adequate resource allocation (4) High literacy rate
Fill in the blank: The ________ Five Year Plan emphasized the development of heavy industries and capital goods sector.
Fill in the blank: The ________ Five Year Plan was the first to be based on the concept of 'growth with social justice'.
Fill in the blank: The ________ Five Year Plan was the first to focus on the objective of 'inclusive growth'.
Fill in the blank: The ________ Plan period is also known as the 'Plan Holiday'.
State whether the following statement is true or false: Economic planning in India has always been successful in achieving its targets.
State whether the following statement is true or false: The Mahalanobis model emphasized the development of consumer goods industries.
True or False: The concept of 'indicative planning' gives more importance to market forces than to direct government control.
True or False: The Eighth Five Year Plan was launched after a gap due to economic crisis and political instability.
