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. planning in a mixed economy with public and private sectors

B. planning without any state intervention

C. planning based on forced targets

D. state ownership of all means of production

Answer: Option A

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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Practice More Economy Set 1 Questions

Question #1

The 'Interim Budget' is presented when:

A. there is a war

B. there is a financial emergency

C. the government has full term

D. elections are near or the government is in transition

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Correct Answer: Option D

Explanation:
An interim budget is presented before elections or a transition period.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is NOT a quantitative credit control measure of RBI?

A. Credit Rationing

B. Variable Reserve Requirements

C. Bank Rate Policy

D. Open Market Operations

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Correct Answer: Option A

Explanation:
Credit rationing is a qualitative (selective) credit control measure. Bank Rate, OMO and variable reserve ratios (CRR/SLR) are quantitative measures.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Fiscal Deficit' in the Union Budget is expressed as a percentage of:

A. Gross Domestic Product

B. total expenditure

C. revenue receipts

D. total debt

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Correct Answer: Option A

Explanation:
Fiscal deficit is conventionally expressed as a percentage of GDP.

This question belongs to: Economy GK Economy Set 1

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