The concept of indicative planning in India refers to: MCQ with Answer and Explanation

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The concept of indicative planning in India refers to:

A. state ownership of all means of production

B. planning without any state intervention

C. planning based on forced targets

D. planning in a mixed economy with public and private sectors

Answer: Option D

Solution (By JKSSB Mock Tests)

Indicative planning in India is planning in a mixed economy with both public and private sectors.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Goods and Services Tax' on engineering services is:

A. 28%

B. 5%

C. 18%

D. 12%

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Correct Answer: Option C

Explanation:
Engineering services attract 18% GST.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'automatic route' for FDI means:

A. only foreign individuals can invest

B. no prior approval is required

C. prior approval is required

D. only government companies can invest

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Correct Answer: Option B

Explanation:
Under the automatic route, FDI does not require prior government approval.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is NOT a type of unemployment recognised in economics?

A. Cyclical unemployment

B. Structural unemployment

C. Nominal unemployment

D. Frictional unemployment

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Correct Answer: Option C

Explanation:
The main types of unemployment are frictional, structural, cyclical and seasonal. 'Nominal unemployment' is not a standard classification.

This question belongs to: Economy GK Economy Set 1

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