1. A rolling plan was a plan for:
a) one year
b) three years
c) five years
d) year to year basis
2. The basic feature of the Rolling Plans was that:
a) no physical targets were visualized
b) revision of the achievements, of previous year
c) annual fluctuations in prices and major economic developments could be considered
while fixing targets
d) no financial target except in the term of annual plans was envisaged
3. The growth rate of agricultural production was negative in the:
a) First Plan
b) Second Plan
c) Third Plan
d) Fourth Plan
4. Which one of the following is the task of the Planning Commission? [NDA 1991
a) Preparation of the plan
b) Implementation of the plan
c) Financing of the plan
d) Both (a) and (b)
5. Who wrote the book 'Planned Economy for India'?
a) M. Visvesvaraya
b) Sardar Vallabhbhai Patel
c) Jawaharlal Nehru
d) Mahatma Gandhi
6. 'Globalisation of Indian Economy' means:
a) stepping up external borrowings
b) establishing Indian business units abroad
c) having minimum possible restrictions on economic relations with other countries
d) giving up programmes of import substitution
7. The contribution of agriculture to India's' economy is:
a) increasing
b) decreasing
c) constant
d) None of these
8. Which of the following bodies finalises the Five Year Plan proposals?
a) Planning Commission
b) Union Cabinet
c) National Development Council
d) Ministry of Planning
9. Which one of the following is NOT with in the duties of the Planning Commission?
a) To define the stage of growth and suggest allocation of resources
b) To make an assessment of the material, capital and human resources of the country
c) To determine the nature of machinery required for implementation of plan proposals
d) To prepare the annual central budget
10. The basic difference between imperative and indicative planning is that:
a) it is easier to achieve targets in imperative type of planning
b) in the case of imperative planning, all economic activities belong to public sector, while
in the other type they belong to the private sector
c) in the case of the imperative planning, the market mechanism is entirely replaced by a
command hierarchy, while in the case of indicative planning, it is looked upon as a way to
improve the functioning of the market system
d) in the case of indicative planning, there is no need to nationalise any industry