(IGP) IAS Pre: GS - Indian Economy - Economy Concepts: Socio-economic Planning (MCQ -2)

1. Match the following
(i) Planned Economy                         (a) characterized by an economy private sector is given substantial role and state turns its role into a facilitator.
(ii) Mixed Economy                           (b) is the one in which state owns and directs and economy.
(iii) Indicative                                     (c) combines feature of Economy both capitalist market economics & socialist command economic

(a) (b) (c)
(i) 1 2 3
(ii) 3 1 2
(iii) 2 3 1

2. Consider the following statements?
(1) The state is called the Laissez faire state i the Market Economy. The French word Laissez faire means “Let do”.
(2) Command economy do not create wealth sustainably and are not conducive for innovation & efficiency.
(3) The Bombay plan was made by J.L. Nehru.

Which of the above is / are correct.
(a) none of the above
(b) 1 & 2 only
(c) all of the above.

3. Which of the following countries is still command economy?
(a) USA
(b) China
(c) Cuba
(d) Japan.

4. Who wrote the Book titled “Planned Economy of India”?
(a) M.N. Roy
(b) Dr.Manmohan Singh
(c) Sir Mokshagundam Visvesvarayya
(d) Sir Purshotamdas Thakurdas

5. Consider the following statements?
(1) The INC established National Planning Commission under the chairmanship of J.L. Nehru.
(2) A Plan of Economic Development of India was put forwad by leading Businessmen and Industrialists in 1944 was also called as the ‘Bombay Plan’.
(3) Indicative plan is operated under & planned economy but not command economy.

(a) all the statements are correct
(b) only 2 is correct
(c) only 1 & 3 are correct.

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