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WorksheetsRole and Types of Economic Planning
Total questions: 10
Worksheet time: 5mins
In which year, the planning commission was established by Indian Government.
1946
1950
1930
1992
NITI stands for (a) .
Which of the following is not the function of the NITI Aayog?
To evolve a shared vision of national development priorities sectors and strategies
To foster cooperative federalism
To give final approval to the Five Year Plans of India
To create a knowledge, innovation and entrepreneurial support system
What was the period of the 12th five-year plan of India?
2012 to 2017
2007 to 2012
2017 to 2022
2010 to 2015
The very first five-year plan of India was based on the model of
Mahalanobis model
Harrod Domar Model
Bombay Plan
None of these
Which of the following is not a benefit of planning?
planning reduces overlapping and wasteful activities
planning is a mental exercise
planning provides directions
planning reduces the risk of uncertainty
The most important classification of planning is on the basis of the type of economic organization (i.e., state/ command economy, mixed economy):
Centralized Vs Decentralized Planning
Democratic Vs. Totalitarian Planning
Imperative Planning & Indicative Planning
Short, Medium and Long term Planning
An economic plan is simply a set of specific______ and corresponding economic ______ to be achieved in a given period of time with a stated _______.
strategy; targets; objectives; strategy; objectives
strategy; targets; objectives
strategies; objectives; targets
objectives; targets; strategy
While___________ is characterized by the widest possible consultations; _________ has central control and direction of all economic activities in accordance with a single plan.
Centralized Planning; Decentralized Planning
Democratic Planning; Totalitarian Planning
Imperative Planning; Indicative Planning
Medium Term Planning; Long term Planning
While under___________ ,there is a central authority which plans, directs and orders the execution of the plan in accordance with pre-determined targets and priorities; _________ achieve the same results with less sacrifice of individual liberty.
Centralized Planning; Decentralized Planning
Planning by Direction; Planning by Inducement
Imperative Planning; Indicative Planning
Medium Term Planning; Long term Planning
