Tag: economics of development and planning

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Questions Related to economics of development and planning

Multiple choice economics economics of development and planning economics of planning objectives of economic planning in india major economic problems

Which of the following scheme was introduced for Apprentice?

  1. Apprentice Aadhaar Yojana

  2. Apprentice Udyog Aadhaar Yojana

  3. Apprentice Protsahan Yojana

  4. Apprentice Udyog Protsahan Yojana
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Apprentice Protsahan Yojana was introduced for apprentice.Under the Apprentice Protsahan Yojana, 50% of the stipend payable to the apprentice would be reimbursed by the Government for the first 2 years which is an incentive for the MSME Units to take in more apprentices. 

Multiple choice economics economics of development and planning economics of planning objectives of economic planning in india major economic problems

To ease the credit availability requirements of start-ups the government and announced the ___________.

  1. Money back guarantee

  2. Indian Aspiration Fund

  3. Credit Guarantee Scheme

  4. MUDRA Scheme
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

To ease the credit availability requirements of start-ups the government and announced the MUDRA Scheme. MUDRA Scheme helps to finance micro business enterprises of India. This scheme is known as Pradha Mantri Mudra Yojana.

Multiple choice economics economics of development and planning economics of planning objectives of economic planning in india major economic problems

Atal Innovation Mission (AIM) programme operated from ___________.

  1. NITI Aayog

  2. Ministry of Corporate Affairs

  3. Ministry of Human Skill Development

  4. Committee of Ministers
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Atal Innovation Mission (AIM) programme operated from NITI Aayog. This mission helps to promote culture of innovation and entrepreneurship in India. It includes self employment and talent utilization.

Multiple choice economics economics of development and planning economics of planning objectives of economic planning in india major economic problems

The contribution of government to the plans is becoming lesser day by day because _____.

  1. the expenditure is increasing

  2. population of the country is increasing

  3. interest of the government towards plans is decreasing

  4. contribution of people is increasing
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The concept of five year plans was introduced in the year 1951 by Indian government to improve standards of living of people who were deprived for centuries. But in present days this contribution of government to the plans is becoming lesser day by day because the expenditure is increasing. 

Multiple choice economics economics of development and planning economics of planning objectives of economic planning in india major economic problems

Which of the following organisations/agencies is actively involved in drafting the union budget of India?

  1. The Planning Commission

  2. The Comptroller and Auditor General

  3. Administrative staff of the Lok Sabha

  4. Ministry of Finance
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The Union Budget is drafted under the Ministry of finance. The administrative staff of the Lok Sabha is the organisation or agency which is actively involved in drafting the Union Budget of India.

Thus, the correct answer is C.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Non-economic activities aim at ___________.

  1. social service

  2. profit maximization

  3. consumer satisfaction

  4. wealth
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Economic activities are related to manufacturing, distribution, exchange and consumption of goods and services. The most important aim of economic activity is the production of goods and services with a view to make them available to the consumer. 

Non-economic activity is an action perform willingly, with the aim of providing services to others lacking any regard as to monetary gain. Individuals human activities which are assumed for individual satisfaction or to satisfy human sentiment are non-economic activities.

The correct option is A.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

A successful inclusive growth strategy includes which among the following?

  1. Equal opportunities

  2. Financial inclusion

  3. Increasing government spending

  4. All the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
Inclusive growth is a theory that moves forward equitable opportunities for the financial participant during economic growth with benefits incurred by every section of civilization. Sustainable economic growth requires inclusive growth. 
Sometimes, it becomes difficult to maintain this because, economic growth may give rise to negative externalities, such as a rise in corruption, which is a major problem in developing countries especially on equal opportunity in terms of access to markets, resources, and an impartial regulatory environment is an essential ingredient of successful growth. 
The inclusive growth moves towards takes a longer-term point of view, as the focus is on productive service as a means of growing the incomes of poor and excluded groups and raising their standards of living.
Thus, the correct option is D.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Which one of the following characteristics is widely regarded as being an important aspect of sustainable development?

  1. Intergenerational equity

  2. Increasing consumption expenditure

  3. Generational inequity

  4. Increased levels of saving
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Intergenerational equity is a concept that says that humans 'hold the natural and cultural environment of the Earth in common both with other members of the present generation and with other generations, past, and future'.

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

Which of the following are elements of inclusive growth?

  1. Poverty reduction

  2. Social sector development

  3. Protecting environment

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

There are five interrelated elements of inclusive growth. They are mentioned as below:

  1. Poverty Reduction and increase in quantity and quality of employment
  2. Agricultural Development
  3. Social Sector Development
  4. Reduction in regional disparities
  5. Protecting the environment

Multiple choice organisation of commerce and management economics of development and planning fundamental of economic development economics of development economic mechanism

An underdeveloped economy is characterised by which of the following?

  1. High per capita real income

  2. Large proportion of labor force in the tertiary sector

  3. State of deprivation of large proportion of population

  4. All the above
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

An underdeveloped economy is characterised by state of deprivation of large proportion of population. Apart from that, other characteristics of an underdeveloped economy are low per capita income, a higher proportion of labour force involved in primary sector activities.