Five Year Plans In India Flashcards
Need of planning in India after independence, it's goals , objective and achievements
Utilisation of countries resources in different development activities in accordance with national priorities is called
Economic planning
In which year was Planning Commission set up ?
1950
Who was the chairman of planning commission ?
Pandit Jawaharlal Nehru
Planning commission was replaced by ?
NITI Aayogaa
In which year was planning commission changed to NITI Aayog
January 2015
Role of NITI Aayog is ?
Suggest policies to accelerate the pace of GDP Growth
Planning that covers both social and economic spheres of growth is termed as ?
Comprehensive planning
Long term plans are termed as ?
Perspective plan
What are the key examples of Economic spheres of planning
Agriculture, industry ,trade , transportation
Example of social spheres are ?
Education , health , housing
Five year plan was introduced and lasted till
1951 - 2012
One annual plan was introduced in and lasted till ?
April 1 , 1979 - 31 March 1980
Three annual plan was introduced and lasted till ?
April 1 - 1966 - 31 March ,1969
Two annual plan was introduced in and lasted till?
April 1 - 1990 - 31 March 1992
Economic System Consists of ?
1) system of production
2) system of resource allocation
3) system of distribution of goods and services in the economy
Who is the architect of Indian Planning ?
Prashant Chandra Mahalanobis
Who is the architect of Indian Planning ?
Prashant Chandra Mahalanobis
He landmark contribution to Indian Planning in which five yr plan ?
During Second five year plan
When Government of a country does not interfere in the market forces of supply and demand it is called ?
Free play of Market Forces
What are the types of economic System
Social economy , Capitalist Economy , Mixed economy
Three system of economy are differenciated on the basis of what ?
Degree of freedom of the market forces
When five year plans were launched , india opted for which system of economy
Mixed Economy
Other name of Market economy is ?
Capitalist Economy
Indentity the type of economy
Means of production are owned by individuals and individual are free to take economic decision
Capitalist Economy
Indentity the type of economy
Where the main motive is profit maximization
Capitalist Economy
When can we say that social justice is achieved ?
When there is EQUITABLE DISTRIBUTION OF INCOME AND WEALTH
Indentity the type of economy
Where the means of production and economic decisions are made by some central authority
Socialist economy
Indentity the type of economy where social justice is prevailed
Socialist economy
Indentity the type of economy
Production decisions are governed by the principal of profit maximization , but nt without checks and balances of social justice
Mixed economy
Indentity the type of economy where the government sector is often inflicted with corruption
Mixed economy
Industrial policy resolution was in which year
1948
When the increase in the flow of goods and services
Is consistent over a long period of time it is called
Economic growth
Increase in GDP depends upon what factors ?
- increase in resource base of our country
- increase in productivity through innovative technology
What are the four goals of planning in india
- Increase in GDP GROWTH
- MODERNISATION - updating and adoption of modern technology in the process of growth
- self reliance and self sufficiency
- Equitable Distribution
The state of non dependence on the rest of the world for the financial resources is called ?
The state of non dependence on the rest of the world
For the essential supplies in the domestic eco is termed as ?
Self reliance
Self sufficiency
India was pestered to end war with Pakistan for favour of food grain supplies from USA in which year
1965
Prior to planning,national income in India was increased at which rate ?
By the end of seventh plan it was recorded
O.5 % per annum
5.8%
By the end of which yr indian eco had achieved the recognition of the emerging industrial economy
1990
In which year economic infrastructure had recorded a significant growth
1950 - 1990
international trade showed a growth in ?yr
1950 - 1991
