Q. What is the impact of monetary policy on economic planning?
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A.
Influences inflation
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B.
Affects interest rates
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C.
Regulates money supply
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D.
All of the above
Solution
Monetary policy impacts economic planning by influencing inflation, affecting interest rates, and regulating the money supply.
Correct Answer:
D
— All of the above
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Q. What is the main focus of the current economic planning in India?
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A.
Sustainable development
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B.
Industrialization
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C.
Urbanization
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D.
Globalization
Solution
The current economic planning in India focuses on sustainable development to ensure long-term growth without depleting resources.
Correct Answer:
A
— Sustainable development
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Q. What is the primary objective of planning in India?
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A.
To achieve economic growth
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B.
To reduce inflation
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C.
To increase exports
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D.
To control population
Solution
The primary objective of planning in India is to achieve economic growth by allocating resources efficiently and promoting development.
Correct Answer:
A
— To achieve economic growth
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Q. What is the role of the Reserve Bank of India (RBI) in economic planning?
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A.
Regulating foreign exchange
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B.
Setting interest rates
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C.
Issuing currency
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D.
All of the above
Solution
The RBI plays a crucial role in economic planning by regulating foreign exchange, setting interest rates, and issuing currency.
Correct Answer:
D
— All of the above
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Q. What is the significance of the Planning Commission in India?
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A.
To formulate Five-Year Plans
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B.
To regulate banks
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C.
To control inflation
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D.
To manage foreign trade
Solution
The Planning Commission was established to formulate Five-Year Plans aimed at economic development and resource allocation.
Correct Answer:
A
— To formulate Five-Year Plans
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Q. Which Five-Year Plan in India focused on the removal of poverty?
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A.
First Plan
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B.
Fifth Plan
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C.
Eighth Plan
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D.
Tenth Plan
Solution
The Fifth Five-Year Plan (1974-1979) focused on the removal of poverty and aimed at achieving self-reliance.
Correct Answer:
B
— Fifth Plan
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Q. Which of the following is a financial instrument used in India for planning?
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A.
Government bonds
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B.
Equity shares
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C.
Mutual funds
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D.
All of the above
Solution
Government bonds, equity shares, and mutual funds are all financial instruments used in India for planning and investment.
Correct Answer:
D
— All of the above
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Q. Which of the following is a key indicator used in economic planning?
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A.
Gross Domestic Product (GDP)
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B.
Consumer Price Index (CPI)
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C.
Unemployment rate
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D.
All of the above
Solution
Gross Domestic Product (GDP), Consumer Price Index (CPI), and unemployment rate are all key indicators used in economic planning.
Correct Answer:
D
— All of the above
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Q. Which sector is primarily targeted by the planning process in India?
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A.
Agriculture
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B.
Manufacturing
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C.
Services
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D.
All of the above
Solution
The planning process in India targets all sectors: agriculture, manufacturing, and services to ensure balanced economic growth.
Correct Answer:
D
— All of the above
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