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TISSNET > Indian Economy 2 > Flashcards

Indian Economy 2 Flashcards

1
Q

What is imperative planning?

A
  • Central planning authority decides every aspect and targets must be reached
  • Mainly practiced in socialist economies
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2
Q

In whose book was the idea of economic planning in India?

A

M. Vishveshwaraiya - Planned Economy for India [1936]

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3
Q

What is indicative planning?

A
  • State sets broad targets to be achieved

- State does not micro-manage

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4
Q

What is perspective planning?

A
  • Long term planning to broadly define the direction to take the economy
  • Done through 5-year and annual plans
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5
Q

What is rolling plans?

A
  • Plan for 1 year
  • Plan for 5-6 years, while reviewing each year
  • Plan for 10-12 years
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6
Q

What is a core plan?

A
  • States submit their estimated revenue output and based on that the state suggest annual budget expenditure
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7
Q

What is the aim of the Nehru-Mahalanobis Model?

A
  • Enlargement of opportunity for less privileged in society

- Growth with social justice

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8
Q

When was the Nehru-Mahalanobis Model first adopted?

A

Formation of the second five-year plan [1955]

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9
Q

What is the aim of the Gandhian Model of Growth?

A
  • To raise the material as well as cultural level of Indian masses
  • Focusses on improving economic condition of villages through scientific development of agriculture and cottage industries (spinning and weaving)
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10
Q

Who brought out the Gandhian Model of Growth?

A

Acharya S.N. Agarwala in 1944

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11
Q

What is the aim of the LPG Model of Development?

A
  • Liberalisation, Privatisation & Globalisation
  • Emphasised bigger role for the private sector
  • FDI to supplement growth process
  • Reduces role of the state; more market driven pattern of economy
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12
Q

Who and when was the LPG Model of Development introduced?

A

Manmohan Singh in 1991

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13
Q

Who created the PURA Model of Development?

A

APJ Abdul Kalam

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14
Q

What does PURA stand for?

A

Providing Urban amenities in Rural Areas

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15
Q

What is the aim of PURA?

A

Rural regeneration through the adoption of modern technologies and amenities in villages

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16
Q

Which strategy was the first five-year plan based on?

A

Harrod-Domar strategy

  • Keynesian model
  • to explain an economy’s growth rate in terms of the level of saving and capital
  • there is no natural reason for an economy to have balanced growth
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17
Q

According to the ASER Report of 2020, what was the percentage of girls that enrolled in government schools?

A

73% (from 70%)

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18
Q

According to the ASER Report of 2020, what was the percentage of boys that enrolled in government schools?

A

66.4% (from 62.8%)

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19
Q

Which year is considered to be the Year of the Great Divide in India?

A

1921

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20
Q

What is the current population of India?

A

139 crore

  • 1,380,004,385 people
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21
Q

Top 5 highest populated states in India?

A

Uttar Pradesh, Maharashtra, Bihar, West Bengal and Madhya Pradesh

22
Q

Which state is least populated in India?

A

Sikkim

23
Q

Top 5 states of literacy in India

A

Kerala (96.2% literacy rate), Delhi, Uttarakhand, Himachal Pradesh & Assam

24
Q

Which statutory authority provides the Aadhar?

A

Unique Identification Authority of India (UIDAI)

25
Q

According to the new United Nations report, by when is the world’s population expected to increase by 2 billion, bringing it up from 7.7 to 9.7 billion people?

A

2050

26
Q

Which government scheme was implemented to provide short term skill training?

A

PM Kaushal Vikas Yojana

27
Q

Which body provides long term skill training?

A

Industrial Training Institutes

28
Q

What is the National Skill Qualification Framework (NSQF)?

A
  • Competency based framework
  • focusses on learning outcomes and assist people to move easily and readily between different education and training sectors
29
Q

Which committee publishes the poverty estimates in India?

A

NITI Aayog

30
Q

What is the minimum calorie intake required for urban and rural areas?

A

2400 calories a day for rural areas

2100 calories a day for urban areas

31
Q

What is the Mixed Recall Period?

A
  • Gives consumer expenditure data on clothing, footwear, durable goods, education and institutional medical expenses
32
Q

What is the universal recall period?

A

Consumption data for all items are collected for a 30 days recall period

33
Q

What is cyclical and frictional unemployment?

A

Cyclical - Result of depression in the economy

Frictional - Temporary; when new companies replace old ones and workers are transferring

34
Q

What is seasonal unemployment?

A
  • Productive activity only during certain times of the year

- Mostly existing in agro-based industries

35
Q

Which scheme started in 2012 that aimed at developing leadership skills amongst minority women?

A

Nai Roshini Scheme

36
Q

What is the AMRUT (2015) scheme?

A
  • Atal Mission for Rejuvenation and Urban Transformation
  • To establish infrastructure that could ensure adequate robust sewage networks and water supply for urban transformation; ‘smart’ cities
37
Q

What scheme aims to provide financial aid of Rs. 6000 to farmers with area upto 2 hectare?

A

Kisan Samman Nidhi (2019)

38
Q

Which is the largest feeding School programme in the world?

A

Mid-day meals scheme (1995)

39
Q

Which scheme aims to provide at least 100 days of guaranteed wage employment in the financial year to rural area households?

A

Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS) [2006]

40
Q

Which scheme aims at empowering girls of 11-18 years by improving health status and vocational skills?

A

Rajiv Gandhi Scheme for Empowerment of Adolescent Girls (RGSEAG)
aka Sabla

41
Q

Which scheme is being implemented as a Centrally Sponsored Scheme through States/UTs from 2017 to provide day care facilities to children of working mothers?

A

National Creche Scheme

42
Q

What is the Ayshman Bharat Yojana [2018]?

A
  • Provide 5 lakh health insurance to 10 crore poor families
43
Q

Which scheme assures proper irrigation to farmers for monsoon dependent crops?

A

PM Krishi Sanchayi Yojana

44
Q

What is the TV channel dedicated to the interests of the agriculture and allied sector?

A

Kisan TV

45
Q

In which cities was the HRIDAY scheme launched?

A

Mathura, Amritsar, Vellankani, Kancheepuram, Puri, Dwaraka

  • National Heritage City Developmental Augmentation Yojana
46
Q

Who launched the USTAD scheme?

A

Najma Heptullah

  • Upgradation of Skills and Training in Ancestral Art/Crafts for Development
  • Launched from Varanasi
47
Q

Which scheme replaced the National Rural and Urban Livelihood Mission (Aajeevika)?

A

Deen Dayal Upadhyaya Antyodaya Yojana

48
Q

When was the smart cities mission launched?

A

2015

49
Q

Who launched the Ujala Yojana in 2016?

A

Piyush Goyal

  • Unnat Jyoti by Affordable LEDs for All
50
Q

Which scheme replaced the National Agriculture Insurance Scheme?

A

PM Fasal Bhima Yojana [2016]

51
Q

What is the BPL limit in India?

A

Rs. 15,000 annual income

52
Q

What is the poverty line in India?

A

1,059.42 INR per month [rural]
1,286 INR per month [urban]

  • minimum wage: ₹178 a day

TISSNET (47 decks)

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