Unique Academic Board Solutions for Chapter: Economic Planning in India, Exercise 1: Self-Evaluation Test

Consider the following statements:

1. Mahatma Gandhi put forwarded the Gandhian Planning the year 1943 as part of his Wardha scheme.

2. Sarvodaya Plan was drafted by Jaiprakash Narayan inspired by the Sarvodaya Idea of Vinoba Bhave.

Which of the above statement(s) is/are NOT correct?

Which of the following statement(s) is/are correct regarding the Economic Programme Committee (EPC)?
$1.$ This Committee was formed by the All India Congress Committee with Jawahar Lal Nehru as its chairman.
$2.$ This committee aimed to make a plan to balance private and public partnerships and urban and rural economies.

Choose the correct code:

Consider the following statements in the context of the Harrod-Domar model of Economics:

1. This model of Economic development assumes that a higher rate of saving will lead to a lower rate of growth.

2. The First Five-Year Plan was modelled and based on the Harrod-Domar model of development.

Which of the above statement(s) is/are Correct?

Which of the following statement(s) is/are correct with regard to Mahalanobis Model of Development Planning?

1. India's Second Five-Year Plan was modelled and based on the Mahalanobis Model of Development Planning.

2. This model gave top priority to investment in agriculture and allied sector as they were crucial for further economic growth.

Choose the correct code.

Consider the following statements:
$1.$ The National Institution for Transforming India (NITI Aayog) is a statutory body formed in $2015$.
$2.$ NITI Aayog provides relevant technical advice to both the Centre and State governments.

Which of the above statement(s) is/are correct?

Consider the following statements with regard to Five Year Plans in India:

1. The Twelfth Five-Year Plan promoted both inclusive and sustainable growth among its core objectives.

2. During the First Five-Year Plan, maximum expenditure was incurred in the manufacturing sector.

Which of the above statement(s) is/are NOT correct?

Consider the following:

1. Fostering cooperative federalism

2. Striving to resolve inter-sectoral issues

3. Bringing outside ideas into policy-making

4. Allocating the financial resources to states

Which of the above are functions of NITI Aayog?

Consider the following statements:

1. Ek Bharat Shrestha Bharat is an initiative launched by the NITI Ayog with an aim for inter-state engagements through cultural exchanges and education in India.

2. Sustainable Action for Transforming Human Capital (SATH) is an initiative launched by the UN Sustainable Development Division to bring transformative change in the rural economy.

Which of the above statement(s) is/are correct?