planning economic development & five year plans section 3 Practice Questions Answers Test with Solutions & More Shortcuts
Planning, Economic Development & Five year Plans PRACTICE TEST [10 - EXERCISES]
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planning economic development & five year plans section 10
Question : 11
Consider the following statements:
- In the 11th five-year plan, the growth rate of the export was always positive.
- In the middle of the 11th five-year plan, the import growth was negative due to external factors.
a) 2 only
b) 1 and 2
c) 1 only
d) None
Answer »Answer: (a)
Regarding to the 11th five-year plan, in the middle of the plan, the import growth was negative due to external factors and the growth rate of the export was negative during certain period.
Question : 14
Which of the following is true?
a) Physical planning is more important than financial planning.
b) Physical and financial planning are equally important.
c) Financial planning is more important than physical planning.
d) Physical and financial planning are complementary.
Answer »Answer: (d)
Physical planning refers to the allocation of resources in terms of men, materials and machinery. In physical planning, an overall assessment is made of the available real resources such as raw materials, manpower, etc., and how they have to be obtained so that bottlenecks may be eliminated during the plan.
Physical planning requires the fixation of physical targets with regard to agricultural and industrial production, socio-cultural and transportation services, consumption levels and in respect of employment, income and investment levels of the economy.
Physical planning has to be viewed as overall long-term planning rather than short-term piecemeal planning. Financial planning refers to the technique of planning in which resources are allocated in terms of money.
Financial planning is essential in order to remove maladjustments between supplies and demand and for calculating the costs and benefits of the various projects. Thus, Financial planning is thought to secure a balance between demands and supplies, avoid inflation and bring about economic stability.
Question : 15
Consider the following statements:
- Bulk of employment in India is in rural areas.
- The disguised unemployment in agricultural sector is perennial.
- Industrialization has rendered several people jobless in India.
a) 1 and 2
b) 2 and 3
c) 1 and 3
d) 1, 2 and 3
Answer »Answer: (a)
IMPORTANT indian economy mcq EXERCISES
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GK Quiz on Indian Economic Planning, Development With PDF »
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499+ Five year Plans Planning Development MCQ PDF For SSC »
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Planning, Economic Development & Five year Plans Shortcuts »
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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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