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All questions of Economic Planning for UPSC CSE Exam
Consider the following pairs:1. Antyodaya : Prioritizing service to the wealthiest2. Governance : Promoting transparent, accountable, and outcome-driven governance3. Village Integration : Leveraging the cultural and economic vitality of urban areas4. Demographic Dividend : Investing in education and skilling to harness India's youth potentialHow many pairs given above are correctly matched?- a)Only one pair
- b)Only two pairs
- c)Only three pairs
- d)All four pairs
Correct answer is option 'B'. Can you explain this answer?
Consider the following pairs:
1. Antyodaya : Prioritizing service to the wealthiest
2. Governance : Promoting transparent, accountable, and outcome-driven governance
3. Village Integration : Leveraging the cultural and economic vitality of urban areas
4. Demographic Dividend : Investing in education and skilling to harness India's youth potential
How many pairs given above are correctly matched?
a)
Only one pair
b)
Only two pairs
c)
Only three pairs
d)
All four pairs
 | Academic Studio answered |
1. Antyodaya : Prioritizing service to the wealthiest - Incorrect. Antyodaya emphasizes prioritizing service to the poorest and most marginalized, echoing Pandit Deendayal Upadhyay's philosophy.
2. Governance : Promoting transparent, accountable, and outcome-driven governance - Correct. This aligns with the principles of good governance promoted by NITI Aayog.
3. Village Integration : Leveraging the cultural and economic vitality of urban areas - Incorrect. Village Integration focuses on leveraging the cultural and economic vitality of rural areas, not urban areas.
4. Demographic Dividend : Investing in education and skilling to harness India's youth potential - Correct. This pair is correctly matched as it reflects the concept of investing in education and skills to benefit from India's youthful population.
Thus, only two pairs are correctly matched (Pairs 2 and 4).
Consider the following statements:Statement-I:
Economic planning involves making major economic decisions, like what and how much to produce, and to whom it should be allocated, by a specific authority. These decisions are based on a thorough understanding of the entire economic system.Statement-II:
Planning, especially in a democratic setup, is the technical process guided by experts. It covers consumption, production, investment, trade, and income distribution, aligning with social objectives determined by representative bodies. It emphasizes not just economic aspects but also cultural, spiritual, and human values.Which one of the following is correct in respect of the above statements?- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'B'. Can you explain this answer?
Consider the following statements:
Statement-I:
Economic planning involves making major economic decisions, like what and how much to produce, and to whom it should be allocated, by a specific authority. These decisions are based on a thorough understanding of the entire economic system.
Economic planning involves making major economic decisions, like what and how much to produce, and to whom it should be allocated, by a specific authority. These decisions are based on a thorough understanding of the entire economic system.
Statement-II:
Planning, especially in a democratic setup, is the technical process guided by experts. It covers consumption, production, investment, trade, and income distribution, aligning with social objectives determined by representative bodies. It emphasizes not just economic aspects but also cultural, spiritual, and human values.
Planning, especially in a democratic setup, is the technical process guided by experts. It covers consumption, production, investment, trade, and income distribution, aligning with social objectives determined by representative bodies. It emphasizes not just economic aspects but also cultural, spiritual, and human values.
Which one of the following is correct in respect of the above statements?
a)
Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
b)
Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
c)
Statement-I is correct, but Statement-II is incorrect
d)
Statement-I is incorrect, but Statement-II is correct
 | Aravind Chatterjee answered |
Overview of the Statements
In analyzing the two statements about economic planning, we can assess their validity and relationship to each other.
Statement-I Analysis
- Economic planning indeed involves making significant decisions regarding production, distribution, and allocation of resources.
- It emphasizes the role of a specific authority in these processes.
- The statement correctly highlights that these decisions are based on a comprehensive understanding of the economic system.
Statement-II Analysis
- This statement expands on the concept of planning in a democratic context.
- It emphasizes that planning is a technical process and involves expert guidance.
- It includes various aspects like consumption, production, investment, and trade while aligning them with social objectives.
- Notably, it extends the scope of planning beyond economic factors to include cultural, spiritual, and human values.
Conclusion
- Both statements accurately depict different facets of economic planning.
- Statement-I provides a fundamental definition, while Statement-II elaborates on the democratic nature and broader implications of economic planning.
- Therefore, both statements are correct, but Statement-II does not directly explain Statement-I; instead, it complements it by offering a wider perspective.
Correct Answer
- The correct answer is option 'B': Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
In analyzing the two statements about economic planning, we can assess their validity and relationship to each other.
Statement-I Analysis
- Economic planning indeed involves making significant decisions regarding production, distribution, and allocation of resources.
- It emphasizes the role of a specific authority in these processes.
- The statement correctly highlights that these decisions are based on a comprehensive understanding of the economic system.
Statement-II Analysis
- This statement expands on the concept of planning in a democratic context.
- It emphasizes that planning is a technical process and involves expert guidance.
- It includes various aspects like consumption, production, investment, and trade while aligning them with social objectives.
- Notably, it extends the scope of planning beyond economic factors to include cultural, spiritual, and human values.
Conclusion
- Both statements accurately depict different facets of economic planning.
- Statement-I provides a fundamental definition, while Statement-II elaborates on the democratic nature and broader implications of economic planning.
- Therefore, both statements are correct, but Statement-II does not directly explain Statement-I; instead, it complements it by offering a wider perspective.
Correct Answer
- The correct answer is option 'B': Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I.
During which phase of India's planned development did the government first propose to involve foreign capital in the process, primarily through technology transfer and limited to 26% of the total project value proposed by the private sector?- a)Phase-I (1951-69)
- b)Phase-II (1970-73)
- c)Phase-III (1974-90)
- d)Phase-IV (1991 onward)
Correct answer is option 'C'. Can you explain this answer?
During which phase of India's planned development did the government first propose to involve foreign capital in the process, primarily through technology transfer and limited to 26% of the total project value proposed by the private sector?
a)
Phase-I (1951-69)
b)
Phase-II (1970-73)
c)
Phase-III (1974-90)
d)
Phase-IV (1991 onward)
 | Upsc Toppers answered |
In Phase-III of India's planned development (1974-1990), the government proposed to involve foreign capital for the first time, primarily through technology transfer and restricted to 26% of the total project value suggested by the private sector. This marked a significant shift in the approach to resource mobilization for development goals, showcasing the evolving strategies undertaken during different phases of planned development in India.
Consider the following pairs:1. National Statistical Commission - C. Rangarajan2. Fiscal Responsibility and Budget Management (FRBM) Act - 20033. Value Added Tax (VAT) - Promotes centralization4. 73rd and 74th Constitutional Amendments - Decentralized planningHow many pairs given above are correctly matched?- a)Only one pair
- b)Only two pairs
- c)Only three pairs
- d)All four pairs
Correct answer is option 'C'. Can you explain this answer?
Consider the following pairs:
1. National Statistical Commission - C. Rangarajan
2. Fiscal Responsibility and Budget Management (FRBM) Act - 2003
3. Value Added Tax (VAT) - Promotes centralization
4. 73rd and 74th Constitutional Amendments - Decentralized planning
How many pairs given above are correctly matched?
a)
Only one pair
b)
Only two pairs
c)
Only three pairs
d)
All four pairs
 | Upsc Rank Holders answered |
1. National Statistical Commission - C. Rangarajan: This pair is correctly matched. The National Statistical Commission was indeed chaired by C. Rangarajan in 2000.
2. Fiscal Responsibility and Budget Management (FRBM) Act - 2003: This pair is correctly matched. The FRBM Act was enacted in 2003.
3. Value Added Tax (VAT) - Promotes centralization: This pair is incorrectly matched. VAT implementation is actually a step towards decentralization, allowing states more control over their tax revenues.
4. 73rd and 74th Constitutional Amendments - Decentralized planning: This pair is correctly matched. The 73rd and 74th Amendments promoted decentralized planning by delegating powers to local bodies.
So, pairs 1, 2, and 4 are correctly matched, while pair 3 is not.
Thus, the correct answer is Option C: Only three pairs.
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