Tag: objectives of economic planning in india

Questions Related to objectives of economic planning in india

Which of the following is true about government services?

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

  1. They increase satisfaction

  2. They are essential for economic activity

  3. Both A and B are true

  4. None is true

Show answer
Correct Option: C
Explanation:
Following statements are true about government services:
a) They increase satisfaction
b) They are essential for economic activity.
Government employees rendering services also get pensions after retirement. Government services, moreover, is essential for the economic growth and development.

The objective of ASPIRE Scheme ______________________.

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

  1. is to set up a network of technology and incubation centres to accelerate entrepreneurship and also promote start ups for innovations and entrepreneurship in agro-industry.

  2. is to setup a network of internet to accelerate entrepreneurship and also promote start-ups for innovations and entrepreneurship in handloom industry.

  3. is to setup a network of technology giving exemption in GST to small entrepreneurs and also promote start ups for innovations and entrepreneurship in agro-industry.

  4. none of the above

Show answer
Correct Option: A
Explanation:

The objective of ASPIRE Scheme is to set up a network of technology and incubation centres to accelerate entrepreneurship and also promote start ups for innovations and entrepreneurship in agro-industry. ASPIRE was introduced in March 2015 by the MSME Ministry to give boost to Make in India Programme.

Under the Apprentice Protsahan Yojana, _______ of the stipend payable to the apprentice would be reimbursed by the Government for the first ______ which is an incentive for the MSME Units to take in more apprentices. 

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

  1. 50%; 3 years

  2. 75%; 2 years

  3. 75%; 3 years

  4. 50%; 2 years

Show answer
Correct Option: D
Explanation:

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. Apprentice Protsahan Yojana was introduced for apprentice.

Which of the following scheme was introduced for Apprentice?

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

  1. Apprentice Aadhaar Yojana

  2. Apprentice Udyog Aadhaar Yojana

  3. Apprentice Protsahan Yojana

  4. Apprentice Udyog Protsahan Yojana

Show answer
Correct Option: C
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. 

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

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

  1. Money back guarantee

  2. Indian Aspiration Fund

  3. Credit Guarantee Scheme

  4. MUDRA Scheme

Show answer
Correct Option: D
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.

Atal Innovation Mission (AIM) programme operated from ___________.

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

  1. NITI Aayog

  2. Ministry of Corporate Affairs

  3. Ministry of Human Skill Development

  4. Committee of Ministers

Show answer
Correct Option: A
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.

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

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

  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

Show answer
Correct Option: A
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. 

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

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

  1. The Planning Commission

  2. The Comptroller and Auditor General

  3. Administrative staff of the Lok Sabha

  4. Ministry of Finance

Show answer
Correct Option: C
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.

Which of the following is the best general definition of the study of Economics?

economics economic reconstruction economics of planning objectives of economic planning in india major economic problems

  1. Inflation and unemployment in a growing economy.

  2. Business decision making under foreign competition.

  3. Individual and social choice in the face of scarcity.

  4. The best way to invest in the stock market.

Show answer
Correct Option: C
Explanation:

In economics, relationship between unlimited wants and scarce resources are established in such a way that both social as well as individual maximisation is achieved. The study majorly focuses on how personal gain as well as social welfare is achieved with utilization of scarce resources in an effective manner. 

Economic activities are those activities that are done with a view to earn a reward.

economics economic reconstruction economics of planning objectives of economic planning in india major economic problems

  1. True

  2. False

Show answer
Correct Option: A
Explanation:

Economic activities are those that are related to the production and consumption of goods and services with an aim to earn money. These activities are undertaken to earn monetary awards in cash or kind. The two objectives of economic activities are the proper allocation of resources and optimum use of resources.