UNIT 3 Indian Economy & Financial System

1. How did H. D. Dickinson define economic planning?

• Allocation by authority
• Decision-making by experts
• Resource utilization
• Production coordination
• All of the above

2. What did the National Planning Committee define planning as in India?

• Production coordination
• Technical expertise
• Income distribution
• Cultural values
• None of the above

3. What is the essence of planning in an economy?

• Resource utilization
• Goal achievement
• Production enhancement
• Consumption maximization
• None of the above

4. What is the primary organization responsible for planning in India?

• RBI
• NITI Aayog
• Planning Commission
• SEBI
• None of the above

5. How can planning be categorized based on a territorial standpoint?

• Regional and national
• Federal and state
• Sectoral and geographical
• Long-term and short-term
• None of the above

6. Which type of planning involves experts' coordination of various economic aspects?

• Decentralized planning
• Territorial planning
• Centralized planning
• Sectoral planning
• None of the above

7. Which objectives are not associated with Economic Planning in India?

• Economic growth
• Environmental protection
• Poverty alleviation
• Employment generation
• None of the above

8. What was the fundamental goal of the Five-Year Plans?

• Environmental protection
• National income growth
• Poverty alleviation
• Cultural enhancement
• None of the above

9. What was the trend in growth rates during the planning era?

• Consistently high
• Consistently low
• Fluctuating
• Linear increase
• None of the above

10. What has contributed to India's self-sufficiency in food grain production?

• Green revolution
• Global trade
• Industrial growth
• Services sector expansion
• None of the above