Economic Planning AFCAT Questions

AFCAT Indian Economy

Economic Planning MCQ Questions


13.
Besides drafting the Five-Year Plans, the Planning Commission also held significant authority over:
A.
The allocation of central plan financial resources to states and to various central ministries
B.
The conduct of national elections
C.
The issuance of the country's currency
D.
The appointment of judges to the Supreme Court
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ANSWER :
A. The allocation of central plan financial resources to states and to various central ministries
14.
India's early Five-Year Plans are often described as being inspired by the planning model of which country?
A.
The United States of America
B.
The United Kingdom
C.
The Soviet Union (USSR)
D.
Japan
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ANSWER :
C. The Soviet Union (USSR)
15.
The Union Cabinet formally decided to scrap the Planning Commission in:
A.
1991
B.
2017
C.
January 2015
D.
August 2014
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ANSWER :
D. August 2014
16.
The last Five-Year Plan to be formulated and implemented under the Planning Commission was the:
A.
Tenth Five-Year Plan (2002-07)
B.
Eleventh Five-Year Plan (2007-12)
C.
Eighth Five-Year Plan (1992-97)
D.
Twelfth Five-Year Plan (2012-17)
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ANSWER :
D. Twelfth Five-Year Plan (2012-17)
17.
India's First Five-Year Plan (1951-56) gave primary importance to which sector?
A.
Information technology and services
B.
Defence production
C.
Heavy and basic industries
D.
Agriculture, irrigation, and power projects
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ANSWER :
D. Agriculture, irrigation, and power projects
18.
The First Five-Year Plan's overall strategy was loosely based on a modified version of which growth model?
A.
The Lewis dual-sector model
B.
The Solow growth model
C.
The Mahalanobis model
D.
The Harrod-Domar growth model
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ANSWER :
D. The Harrod-Domar growth model