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Which of the following are the features of Imperative planning?
1. Numerical targets of growth and development
2. No role for the market
3. Limited private participation in the economy
Choose from the following options.
- a)1 and 2 Only
- b)2 and 3 Only
- c)1 and 3 Only
- d)All of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which of the following are the features of Imperative planning? 1. Nu...
- Numerical (i.e, quantitative) targets growth and development are set by the plan. For example, five lakh tonnes of steel, two lakh tonnes of cement, etc., will be produced/built in the coming 5 or 6 years.
- As the state controls the ownership rights over the resources, it is very much possible to realise the above-cited planned targets.
- Almost no role for the market, no price mechanism with all economic decisions to be taken in a centralised way by the state government.
- No private participation in the economy, only the state plays the economic role
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Most Upvoted Answer
Which of the following are the features of Imperative planning? 1. Nu...
Imperative planning is a type of economic planning in which the government sets specific targets for growth and development and plays a dominant role in directing economic activities. It is commonly associated with centrally planned economies, where the government controls the allocation of resources and determines the production and distribution of goods and services.
The features of imperative planning include:
1. Numerical targets of growth and development: Imperative planning involves setting specific numerical targets for various sectors of the economy, such as GDP growth rate, industrial output, agricultural production, and social development indicators. These targets are typically set by the government and are meant to guide economic policies and resource allocation.
2. No role for the market: In imperative planning, the market mechanism is either completely absent or plays a limited role in resource allocation. Instead, the government directly controls the production and distribution of goods and services based on its predetermined targets and priorities. Prices are often set by the government and do not fluctuate according to market forces.
3. Limited private participation in the economy: Imperative planning often restricts the role of the private sector in the economy. The government typically exercises significant control over key sectors such as heavy industry, infrastructure, and strategic industries. Private enterprises may exist, but they are subject to government regulations and interventions.
The correct answer is option 'A' (1 and 2 Only). This is because imperative planning does not necessarily imply limited private participation in the economy. There have been cases where centrally planned economies allowed for some degree of private enterprise and market activities alongside state-controlled sectors. Therefore, option 'A' correctly captures the two distinct features of imperative planning: numerical targets of growth and development and no role for the market.
The features of imperative planning include:
1. Numerical targets of growth and development: Imperative planning involves setting specific numerical targets for various sectors of the economy, such as GDP growth rate, industrial output, agricultural production, and social development indicators. These targets are typically set by the government and are meant to guide economic policies and resource allocation.
2. No role for the market: In imperative planning, the market mechanism is either completely absent or plays a limited role in resource allocation. Instead, the government directly controls the production and distribution of goods and services based on its predetermined targets and priorities. Prices are often set by the government and do not fluctuate according to market forces.
3. Limited private participation in the economy: Imperative planning often restricts the role of the private sector in the economy. The government typically exercises significant control over key sectors such as heavy industry, infrastructure, and strategic industries. Private enterprises may exist, but they are subject to government regulations and interventions.
The correct answer is option 'A' (1 and 2 Only). This is because imperative planning does not necessarily imply limited private participation in the economy. There have been cases where centrally planned economies allowed for some degree of private enterprise and market activities alongside state-controlled sectors. Therefore, option 'A' correctly captures the two distinct features of imperative planning: numerical targets of growth and development and no role for the market.
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Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following are the features of Imperative planning? 1. Numerical targets of growth and development 2. No role for the market 3. Limited private participation in the economyChoose from the following options.a) 1 and 2 Onlyb) 2 and 3 Onlyc) 1 and 3 Onlyd) All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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