national income & human development index section 3 Practice Questions Answers Test with Solutions & More Shortcuts
National Income & Human Development Index PRACTICE TEST [5 - EXERCISES]
national income & human development index section 1
national income & human development index section 2
national income & human development index section 3
national income & human development index section 4
national income & human development index section 5
Question : 16 [UPPCS (Mains) 2006]
‘Saving energy and other resources for the future without sacrificing people’s comfort in the present’ is the definition of which of the following concepts?
a) Sustainable development
b) Economic growth
c) Human development
d) Economic development
Answer »Answer: (a)
Question : 18
Which one of the following is not a feature of India’s economic planning?
a) limited centralisation
b) imperative planning
c) democratic socialism
d) indicative planning
Answer »Answer: (b)
Imperative planning is not a feature of the economic planning of India. In the case of imperative planning economic activities belong to the public sector.
In this type of planning economic decisions are made through a central planning authority instead of a market system. There is the absence of institutions of private property, competition and profit motive of industrialists.
Question : 20
Which of the following is not a feature of India’s economic planning?
a) Democratic solution
b) Limited centralisation
c) Planning of imperative nature
d) Planning of indicative nature
Answer »Answer: (c)
Indicative planning is peculiar to the mixed economy. In a mixed economy, the public and private sectors work together. In indicative planning, the private sector is neither rigidly controlled nor directed to fulfil the targets and priorities of the plan.
The state provides all types of facilities to the private sector but does not direct it, rather indicates the areas in which it can help in implementing the plan.
Under imperative planning, all economic activities and resources of the economy operate under the direction of the state. There is complete control over the factors of production by the state. There is no consumer’s sovereignty in such planning.
IMPORTANT indian economy mcq EXERCISES
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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