Goals and Objectives of Economic Planning

Q. Which of the following are the two main objectives of economic planning?

1. Economic development
2. Granting of political rights
3. Social justice
4. Redistribution of wealth

Q.

Which of the following is normative statement ?

1. Planned economics allocate resources via government departments

2. Reducing inequality should be a major priority for mixed economies.

3. There is greater degree of consumer sovereignty in market economies.

4. Most transitional economies have experienced problems of falling output and rising prices over the past decade.

Q.

Economic planning by which both the state and the private sector played a role in development was called a _____________ model.

Q. Which of the following factors other than the total income is considered for the calculation of per capita income?

1. Total consumption
2. Total population
3. Total expenditure
4. Total production

Q. 1. What is internal trade?
2. What are some of the advantages of internal trade?

Q. Which of the following statements is/are correct with respect to per capita income?

1. Per capita income indicates the income earned per person.
2. With increasing national income, per capita income always increases.
3. Per capita income increases when the rate of growth of national income is more than the rate of growth of the population.
4. The population of a country does not have any relation with its per capita income.

Q. Which of the following statements highlights the significance of social justice in case of economic planning?

1. Social justice has no role in providing income equality.
2. Providing social justice can facilitate capitalists to exploit human resources.
3. Providing social justice can ensure equality of income, equal opportunities for employment, and growth.
4. Providing social justice can ensure the growth of specific economic sectors.

Q. Which of the following can be considered as socio-cultural barriers to economic equality?

1. Caste
2. Landholdings
3. Class
4. Gender

Q. Which of the following can be delivered by providing social justice through economic planning?

1. Accelerated privatisation
2. Equality of income
3. Rapid industrialisation
4. Equal opportunity for employment