Centrally Planned Economy

Q.

What was the two-fold motive behind the systematic deindustrialisation affected by the British in pre - independent India?

Q. State whether the following statements are true or false.

1. Economic development is not so important for a country like India.

2. Economic growth means increase in real national income.

3. Economic development involves only economic growth.

4. Economic development is a smooth and simple process.

Q.

Why did India opt for planning?

Q.

Define a plan.

Q. Fill in the blanks with the appropriate words from the bracket.

1. The________ is the ex-officio chairman of the Planning Commission.
( Prime Minister, Chief Minister, Finance Minister, President)

2. In India, economic planning started in __________
(1951, 1971, 1991, 1992)

3. Economic plan means___________ use of resources.
(optimum, limited, minimum, maximum)

4. The Ninth Five-Year Plan was started in________
(1992, 1997, 2002, 2003, )

Q. State with reasons whether you agree or not.

The concepts of economic development and economic growth are same.

Q. What is Planning?

Q. How does planning lead to economy and efficiency? Explain briefly

Q. What is Democratic Planning?

Q. Match the pair

Group 'A'	Group 'B'
1. Formulation of economic planning	a) 2002-07
2. Annual Plans	b) Planning Commission
3. 10th Five-Year Plan	c) 1966-69

Q. 1. Explain different types of economies ?
2. Distinguish b/w objectives of planning & objectives of plan ?
3. Distinguish b/w market & centrally planned economy ?

Q.

What do u mean by soviet??

Q.

Maximum growth is seen in which of the following sectors from the time of independence till date __________.

1. Secondary sector
2. Tertiary sector
3. Primary sector
4. None

Q. Which of the following argues that the value of levered firm is higher than that of the unlevered firm?

1. Net Income Approach
2. Net Operating Income Approach
3. MM Model with Taxes
4. Both A and C