Russia's Development Model

Q.

Who is known as Architect of Indian Planning?

Q.

How do industries help to strengthen the economy of a country?

Q.

What are your views on the reforms introduced in the financial sector under the New Economic Policy?

Q. was the first country that adopted a "Planning Commission".

1. USA
2. India
3. Cuba
4. Russia

Q. The book authored by Adam Smith is titled "".

1. Why Nations Fail
2. Fault Lines
3. Wealth of Nations
4. Small is Beautiful

Q.

As a result of economic policies of British Govt. India made progress during British rule.

Q.

a) Discuss any four points of importance of small-scale industries.

b) After independence, India adopted the system of mixed economy where both the private and public sectors co-exist and contribute to the development of the nation. Which value is reflected in such an economic system?

Q. Mention the three main sectors of economic activities with examples.

Q.

Which model did Indian leaders like Nehru and Patel finally decide to adopt?

1. Socialist

2. Capitalist

3. Communist

4. Mixed economy

Q.

What is meant by mixed economy ?

Q. 'Planned economy for India' (1934) was a book written by ____________.

1. John Mathai
2. M.N. Roy
3. Shriman Narayan
4. M. Visveswaraya

Q. First Chairman of Planning Commission was _________.

1. Indira Gandhi
2. Man Mohan Singh
3. Jawahar Lal Nehru
4. K C Pant

Q. Why do central problems arise? Explain the problem of how to produce.

Q. After independence, Indian leaders finally decided to adopt the economic model of .

1. market economy
2. socialism
3. communism
4. mixed economy

Q. The First Five Year Plan gave importance to ___________.

1. Service sector
2. Manufacturing sector
3. Industries
4. Agriculture

Q. 'Father of Economic Planning' of India is ______.

1. Sir M. Vishweshwaraiah
2. Dr. Norman Borlaug
3. Narayan Murthy
4. Dr. Pratap Reddy

Q.

Which country's model of planning did India imitate?

1. USA

2. Vietnam

3. Russia

4. China

Q. Russia and India are economies.

1. services sector
2. agrarian economy
3. high education level

Q. The Planning Commission of India is ____________.

1. A constitutional body
2. A statutory body
3. An independent and autonomous body
4. An advisory body

Q. Give any two aims of economic planning.

Q. The Mahalanobis model was developed for which of the following plans?

1. Third Five Year Plan
2. Fourth Five Year Plan
3. First Five Year Plan
4. Second Five Year Plan

Q. Which one of the following is not a feature of India's economic planning ?

1. Democratic socialism
2. Indicative planning
3. Imperative planning
4. Limited centralisation

Q. What is economic planning?

Q. A Socialist economy is ________________.

1. An equalitarian economy
2. A planned economy
3. A non-planned economy
4. A democratic economy

Q. Which is the final authority to approve the Five Year Plans?

1. President
2. Parliament
3. Prime Minister
4. National Development Council

Q. The central problem of an economy of 'what to produce' is an alternative problem of ________________.

1. resource planning
2. allocation of resources
3. what to consume and what not to consume
4. selection of factor of production

Q. Small - scale sector units is/are ____________.

1. Less Capital Intensive
2. More Capital Intensive
3. Mot Capital Intensive
4. All of above

Q. The planning process in the industrial sector in India has assumed a relatively less important position in the nineties as compares to that in the earlier period. Which one of the following is not true in this regard ?

1. With the advent of liberalisation, industrial investments/ development have largely been placed within the domain of private and multinational sectors.
2. The focus of planning has shifted to sectors like human resource development infrastructure, population control and welfare.
3. With markets assuming a central place, the role of central planning in many sectors has been rendered redundant.
4. The nation's priorities have shifted away from industrial development to rural development.

Q. The Planning Commission was set up in accordance with the _________ mentioned in the Directive Principles of the Indian Constitution.

1. Article 38
2. Article 42
3. Article 39
4. Article 51A

Q.

What was the term of the plans developed by the Soviet State?

1. 3 years

2. 10 years

3. 5 years

4. 7 years