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Another 10 Questions on India’s Five Year Plans

UPSC or SSC exams surely has some questions on India’s five year plans because the economy of India is based in part on planning through its five-year plans. The planning commision develops susch five year plans. The  eleventh plan is currently underway. Prior to the fourth plan, the allocation of state resources was based on schematic patterns rather than a transparent and objective mechanism, which led to the adoption of the Gadgil formula in 1969. Revised versions of the formula have been used since then to determine the allocation of central assistance for state plans.

10 Questions on India’s Five Year Plans-Part 2

test quiz description

Comments ( 14 )

  1. Laissez-faire economics can only work if capital & labor are free to move where the best returns/jobs are. International borders prevent the free movement of labor. This means conservative economics can’t work. I’m surprised conservatives aren’t calling for OPEN borders to give their Utopian economic theories a chance to work. Instead, they embrace irreconcilable economic contradictions without realizing it.

  2. HSC economics? i have a choice to do economics and i really have no idea what it’s about, i am aware it is about money and finance however i am a bit vague with the subject, can any one shed some light on the subject??
    thanks for your help.

  3. From a supply perspective, the higher the price of a good, the _______of that good will be produced.
    a. less
    b. more
    c. same amount
    d. duplicate

  4. Hi, This is an odd question, but I absolutely LOVE Mayfair and one day would love to own a huge house there and basically be able to afford one. I am planning on doing Economics Finance and Management at University and i was wondering, what job in that area could make me a millionaire?

    I know things aren’t that simple but I’m just really interested in knowing!

    Or any job to do with Economics…

    Thanks!

  5. The question is a prompt for which I have to write an essay for my economics class. I have no idea what to write! I know next to nothing about economics, and it has to be five paragraphs. Thanks in advance for any help!

  6. What role does influencing human behavior play in economics? In the midst of the recession(which began in 2007 but no one acknowledged till months later) we, the educated ones, were whispered that we mustn’t say ‘recession’ because telling the truth about the recession would only exacerbate it. I see however many times on Fox News and others attempts at shaping the mind and social behavior in such a way as to influence economic and financial behavior of its viewers and society at large.
    If economics can be boiled down to influencing human behavior, not simply predicting it, how valid a science is economics?

  7. My first time studying a 1st yr economics course. The textbook seems very dense (economics by christopher ts ragan). The teacher supplements very little practise material. Any suggestions for practise sample question books/how to get the most out of my reading?

  8. CAn someone please help me with this questions , thanks:

    1.Suppose you own a video rental store. List some of the fixed inputs and variables inputs you would use in operating the store.

    2.Ace Manufacturing produces 1,000 hammers per day. The total fixed cost for the plant is $5,000 per day, and the total variable cost is $15,000 per day. Calculate the average fixed cost, average variable cost, average total cost, and total cost at the current output level.

  9. My original major is Japanese, but i’m planning on double majoring, but I don’t know what would be more useful a degree in economics or a degree in Asian studies with a concentration in economics.

    What should I do?

  10. What is the difference between home economics and economics?
    Home ecoomics is considered to be a soft option for an As level subject. So is economics the same. And also is economics a soft or good As level choice?

  11. You have a choice to either major in Quantitative Economics or Economics. I am not afraid of all the math required, I just want to know what the difference is and if the quantitative will make me more marketable.

  12. economics is merely allocating resources but it is much more then that

  13. I have done undergraduate economics before – most of it is mainly theory with diagrams and models. There is a lot of rote memorisation and a bit of calculations.
    I am now going to start postgraduate studies in economics. I had a look at one postgrad economics exam paper, and I was shocked to see so much mathematics in it – especially calculus and formulas. Especially Hamiltonian and Lagrangian.

    My maths isn’t so good especially applied calculus. How can I cope with postgrad economics?

  14. What does Keynesian economics say the government should spend money on to create Jobs ?

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