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Evolution of Indian Economy and Planning 04
Question
1
of 7
1
2
3
4
5
6
7
Q1. The Planning Commission Of India is-
A.
A consitutional body
B.
An independent body
C.
A Statutory body
D.
A non-statutory body
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
It was created by an executive order of the Government, not by the Constitution or an Act of Parliament.
Q2. The Planning Commission of India was constituted in the year:
A.
1942
B.
1947
C.
1950
D.
1955
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
It was set up on March 15, 1950, with Prime Minister Jawaharlal Nehru as its first Chairman.
Q3. What is the mainstay of Indian economy?
A.
Manufacturing
B.
Business
C.
Public sector
D.
Agriculture
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
D
Agriculture provides a livelihood for nearly 50% of the Indian workforce and ensures food security.
Q4. Which body finalizes the Five Year Plan Proposals?
A.
Palnning Commission
B.
Union Cabinet
C.
National Development Council
D.
Ministry of Planning
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
The NDC, chaired by the PM and including CMs of all states, was the final approving authority.
Q5. The highest body that approves Five Year Plans in India is
A.
Planning Commission
B.
National Development Council
C.
Interstate Council
D.
Union Cabinet
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
The NDC acts as a bridge between the Union government, the Planning Commission, and the State governments.
Q6. Indian’s economy planning CANNOT be said to be :
A.
Indicative
B.
Imperative
C.
Limited
D.
Democratic
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
B
Imperative planning (centralized command) is found in communist countries; India uses indicative/democratic planning.
Q7. Planning Commission was established in 1950 through:
A.
Amendment
B.
SC order
C.
Executive order
D.
Decision by Parliament
ANSWER & SOLUTION
MARK FOR REVIEW
Correct Answer:
C
It was established as a non-constitutional, advisory body via a cabinet resolution.
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