Economic Planning is a source appropriation system that is contrasted with the marketplace device. As a collaborating system for socialist business economics, financial planning replaces variable markets as well as is specified as a straight allowance of sources. This is contrasted with the indirect allotment system of a market economy. There are numerous kinds that financial planning treatments as well as forms planning could take.
The degree of centralization in decision-making in preparation depends upon the particular kind of intending device utilized. Thus, one could compare central preparation as well as decentralized planning. An economic climate mostly based upon main planning is described as an intended economics climate. In a centrally intended economic climate the allotment of sources is figured out by an extensive strategy of manufacturing which defines outcome demands. Planning might likewise take the type of regulation planning or a measure planning.
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- Question 1 of 10
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Which of the following bodies finalises the Five Year Plan proposals ?CorrectIncorrect
- Question 2 of 10
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Who among the following is the Chairman of the Planning Commission ?CorrectIncorrect
- Question 3 of 10
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The Planning Commission in India was set up inCorrectIncorrect
- Question 4 of 10
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Planning in India derives its objectives fromCorrectIncorrect
- Question 5 of 10
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National Development Council was set up inCorrectIncorrect
- Question 6 of 10
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The concept of Five Year Plans in India was introduced byCorrectIncorrect
- Question 7 of 10
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The first attempt to initiate economic planning in India was made byCorrectIncorrect
- Question 8 of 10
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The period of the First Five Year plan was fromCorrectIncorrect
- Question 9 of 10
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The Planning Commission isCorrectIncorrect
- Question 10 of 10
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During the Eighth Five Year Plan, India registered the highest annual growth rate ofCorrectIncorrect