Which of the following is a characteristic of the Indian planning experience? MCQ with Answer and Explanation

Which of the following is a characteristic of the Indian planning experience?
A. Complete abandonment of growth objectives
B. Evolution from centralised planning to indicative planning and cooperative federalism
C. Exclusive reliance on market forces without any state role
D. Only focus on industrialisation without social objectives
Answer: Option B
Solution (By JKSSB Mock Tests)
Indian planning evolved from the centralised Five Year Plans of the Planning Commission era to a more indicative and cooperative federal approach under NITI Aayog.

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1
The index used to measure the performance of core sector industries in India is:
A. Wholesale Price Index
B. Purchasing Managers' Index
C. Index of Industrial Production
D. Consumer Price Index

Correct Answer: Option C


Explanation:
The Index of Industrial Production measures the performance of core sector industries.

This question belongs to: Economy GK Economy Set 1
Question #2
If the price elasticity of demand for a good is exactly 1, an increase in its price will:
A. increase total revenue
B. decrease total revenue
C. leave total revenue unchanged
D. eliminate all demand

Correct Answer: Option C


Explanation:
Unitary elastic demand means total expenditure remains constant when price changes.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Know Your Customer' norms are aimed primarily at:
A. reducing interest rates
B. preventing money laundering and fraud
C. increasing bank profits
D. promoting bank loans

Correct Answer: Option B


Explanation:
KYC norms help banks verify customer identity to prevent money laundering and fraud.

This question belongs to: Economy GK Economy Set 1