WorksheetsEconomics
Total questions: 10
Worksheet time: 5mins
The concept of economic planning in a narrow sense implies
Existence of an economic system in which production unit uses only the productive resources allocated to it, and disposes of its product according to the directive from the central authority
Merely laying down the targets for some public and/or private enterprise
Sitting of targets for the economy as a whole, purporting to allocate the country's resources between the various branches of economy
None of these
For public sector outlay, the major source of finance from domestic sources is
taxation and market borrowings
world bank and other multilateral agencies
corporate balances
none of these
In the 5th Plan though removal of poverty was mentioned as a major objective, only a passing reference was made to the problem of
Economic inequalities
Population growth
Industrial stagnation
None of these
However until the late 1970s decision makers in the government and the Planning Commission were of the view that
Trickle down effect of growth could alleviate poverty
Only special programmer can reduce the incidence of poverty in India
Land reforms and agricultural development can make a serious dent on the incidence of poverty, as most of the poor resided in rural areas
None of these
The new development strategy assumes
Trade as an engine of growth
Public sector investment as an engine of growth
Rural development and population control as an engine of growth
None of these
In India, fiscal imbalance has been caused mainly by imprudent increase in
public expenditure as a whole
Defense
salaries and allowances of government
economic sanctions imposed by the USA after 1998 nuclear tests
In India, built in revenue elasticity with respect to GDP is
1
2
2.5
0.7
Structural reforms are undertaken to improve
supply side of the economy
demand side of the economy
occupational patterns
both a and b
For suggestion the modalities for undertaking disinvestment of equity to select public undertakings, the Disinvestment commission was set up in
August 1995
August 1996
August 1997
August 1998
Gini index of distribution of consumption has been reported to be 37.8 in 1997 as against
29.7 in 1994
32.7 in 1994
33.7 in 1995
None of these
