IED CH 2 OHRI 2024-25

An economy in which means of production are used in a manner such that social welfare is maximised is called

• Mixed economy

• Socialist economy

• Capitalist economy

• None of these

In a ----- economy – resources are owned and operated by both public and private sectors.

• Socialist

• Capitalist

• Democratic

• Mixed

first industrial policy resolution of independent India was announced in the year

• 1948

• 1950

• 1954

• 1956

When was planning commission established?

• 1947

• 1948

• 1950

• 1951

Which of the following institutions engaged in the formulation of five plants in India?

• Planning commission

• National development Council

• Finance ministry

• Home Ministry

Planning commission was established under the chairmanship of

• PC Mahalanobis

• Jawaharlal Nehru

• V K. Rao.

• BR Ambedkar

planning commission, the central planning authority in the economy has been replaced by

• National Institute for transforming India NIT Aayog

• Finance commission

• Central statistical commission

• Central statistical organisation

From the following alternatives, identify the correct full form of NITI , in niti ayog

• National Institute for Technological Innovation
• National Institution for Transforming India
• New Initiative for Transforming India
• National Investment for Technological Integration

In which year was India's first five-year plan launched?

• 1940

• 1947

• 1951

• 1955

which of the following is correct about the planning in India?

• Mexican economy has been the framework of planning in India

• The duration of the 12th year plan was 2012–17

• Planning in India started with a heavy reliance on the public sector

• All of these