Economic Planning AFCAT Questions

AFCAT Indian Economy

Economic Planning MCQ Questions


7.
The 'Sarvodaya Plan' of 1950, prepared by Jayaprakash Narayan, drew its inspiration from the Gandhian Plan as well as from which related philosophy?
A.
John Maynard Keynes's theory of effective demand
B.
Vinoba Bhave's concept of 'Sarvodaya'
C.
Karl Marx's theory of scientific socialism
D.
Adam Smith's theory of the invisible hand
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ANSWER :
B. Vinoba Bhave's concept of 'Sarvodaya'
8.
India's Planning Commission, the body that went on to formulate the country's Five-Year Plans, was formally established in:
A.
1956, through a specific Act of Parliament
B.
1947, through a provision in the original Constitution of India
C.
1938, as a continuation of the National Planning Committee
D.
March 1950, through a Cabinet Resolution of the Government of India
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ANSWER :
D. March 1950, through a Cabinet Resolution of the Government of India
9.
Who served as the first Chairman of India's Planning Commission?
A.
Dr. B.R. Ambedkar
B.
Sardar Vallabhbhai Patel
C.
Jawaharlal Nehru, in his capacity as Prime Minister
D.
Dr. Rajendra Prasad
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ANSWER :
C. Jawaharlal Nehru, in his capacity as Prime Minister
10.
The Deputy Chairman of the Planning Commission, who acted as its de facto operational head, typically held a rank equivalent to that of:
A.
A High Court judge
B.
The President of India
C.
A Cabinet Minister
D.
A state Chief Minister
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ANSWER :
C. A Cabinet Minister
11.
The legal and constitutional status of the Planning Commission is best described as:
A.
Extra-constitutional and non-statutory, having been created purely by an executive (Cabinet) resolution
B.
A judicial body, functioning under the supervision of the Supreme Court
C.
A statutory body, created by a specific Act of Parliament
D.
A constitutional body, established by a specific provision of the Constitution of India
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ANSWER :
A. Extra-constitutional and non-statutory, having been created purely by an executive (Cabinet) resolution
12.
The National Development Council (NDC), the apex body responsible for reviewing and approving India's Five-Year Plans during the Planning Commission era, was established in:
A.
1962
B.
1947
C.
1952
D.
1950
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ANSWER :
C. 1952