Parashnotri

When was planning commission of India was established?

• 1947

• 1948

• 1949

• 1950

What replaced planning Commission, in 2015?

• Atal Innovation Mission (AIM)

• Economic Advisory council

• National institution for Transforming India (NITI Ayog)

• None of the above

Which form of decentralisation involve local governmental agencies, with the partnership of citizens?

• Administrative Decentralisation

• Economic Decentralisation

• Political Decentralisation

• Financial Decentralisation

In centrally planned economy, which body makes economic decisions?

• Government

• Private

• Both 1 and 2

• Neither 1 and 2

Which of the following is an advantage of central planning?

• Encourages competition among private firms

• Allows the government to direct economic investment towards social goals

• Promotes unregulated free-market policies

• None of the above

Which economist criticised that central planning cannot efficiently respond to supply and demand?

• Karl Marx

• Adam Smith

• Friedrich Hayek

• Alfred Marshall

Which one of the following is not the function of planning commission of India?

• tracking the progress of Five-Year Plans.

• encouraged research and innovation in various fields.

• conducted regular assessments of India's resources.

• Conducting monetary policy decisions.

What is Multi-Level Planning?

• A centralized planning approach

• A market-driven economic model

• A decentralized approach involving multiple tiers of government

• A financial strategy for foreign investments

How can decentralization be improved?

• By centralizing decision-making power

• By training managers and enhancing their skills

• By reducing public participation

• By limiting financial resources to local agencies

When was Twelfth Five-Year Plan implemented?

• 1974-1978

• 1992-1997

• 2007-2012

• 2012-2017