1. National Development Council was set up in:
a) 1948
b) 1950
c) 1951
d) 1952
2. Economic Planning is a subject:
a) in the Union List
b) in the State List
c) in the Concurrent List
d) unspecified in any special list
3. For internal financing of Five Year Plans, the government depends on:
a) taxation only
b) taxation and public borrowing
c) public borrowing and deficit financing
d) taxation, public borrowing and deficit financing
4. The National Development Council gets its administrative support from:
a) Planning Commission
b) Finance Commission
c) Administrative Reforms Commission
d) Sarkaria Commission
5. The Five Year Plans of India intend to develop the country industrially through:
a) the public sector
b) the private sector
c) the public, private, joint and Cooperative sectors
d) increasing collaboration with non-resident Indians
6. The Planning Commission is :
a) a Ministry
b) a Government department
c) an Advisory body
d) an Autonomous Corporation
7. Which of the following statements is correct?
a) Planning Commission is a constitutional body
b) The Prime Minister is the Chairman of the Planning Commission
c) The Minister of Planning is always necessarily the Deputy Chairman of Planning
Commission
d) The draft plan is prepared by the National Development Council
8. The principal reason why national economic planning is still being pursued inspite of
embracing a market economy since 1991 is that:
a) the vast quantity of capital already deployed in the public sector needs to be nurtured
b) the market economy is mainly confined to industry and commerce and central planning in
agriculture is necessary
c) it is a constitutional requirement
d) Five Year Plans can continue to provide a long-term perspective to the economy in
market friendly fashions
9. 'Take off stage' in an economy means:
a) steady growth begins
b) economy is stagnant
c) economy is about to collapse
d) all controls are removed
10. Planning in India derives its objectives from:
a) Fundamental Rights
b) Directive Principles of State policy
c) Fundamental Duties
d) Preamble