Policies are measured implemented by the government to solve economic problems. In India, the government has implemented various measures such as National Rural Employment Guarantee Act, 2005, which is implemented to help solve the issue of rural unemployment. 

Financial inclusion can be referred to where the individuals and businesses find access to useful and affordable financial products and services. Also, these products and services meet their needs, are delivered in a responsible and sustainable manner. Financial inclusion is defined as the availability and equality provided to access financial services. Rangarajan Committee has given its recommendation on “Financial Inclusion.”

Thus, the correct answer is B.

The Planning Commission is an institution which is responsible to formulate Five Year Plans. This is a non-statutory and non-constitutional body. Moreover, it formulates plans with the aim to achieve social and economic development. Furthermore, It is responsible for supervising Five Year Plans too.

Thus, the correct answer is B.

The recommendations on “Financial Inclusion” was chaired by Rangarajan Committee. The recommendations included the launching of a National Rural Financial Inclusion Plan (NRFIP) in mission mode. Moreover, it included creating two funds with NABARD-  Financial Inclusion Promotion and Development Find (FIPF) and Financial Inclusion Technology Fund (FITF). However, there were four other recommendations too but didn’t include shifting of rural branches of all nationalised banks.

Thus, the correct answer is D.

The Union Budget of India is also referred to as the Annual Financial Statement. This is given such name under Article 112 of the Constitution of India. Also, it is the annual budget of the Republic of India. Moreover, Government presents it on the first day of February. Furthermore, this budget is drafted under the Ministry of Finance. The Administrative Ministries are only involved in the drafting of the Union Budget.

Thus, the correct answer is C.

The duration of the 11^th Five Year Plan was from the year 2007 to 2012. The prime objective of this Five Year Plan was to head forward towards faster and inclusive growth. It was the first time our country would be finally emerging into the front ranks of fast-growing developing countries.

Thus, the correct answer is C.

The process of planning tends to provide the information needed by the top management to make effective decisions. In this way, this level of management is able to allocate the resources in a way that would enable the organization to reach its aims & objectives. Moreover, productivity is maximized and there is optimum utilization of resources. Hence, it leads to both effectiveness and efficiency in operations.

Thus, the correct answer is A.

Perspective planning refers to a blueprint consisting of the objectives and targets of long-run growth. A perspective plan is not just a plan. It is aimed to attain certain objectives and targets. Also, it is divided into certain smaller plans. In India, the planning is perspective.

Thus, the correct answer is A.

Economic planning refers to a mechanism which is focused on the allocation of resources in an efficient manner. Also, it aids us to achieve consistency among different economic objectives. Hence, it aims at accelerating the growth rate of the economy.

Thus, the correct answer is A.