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Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.

Here you can find the meaning of Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following passage carefully and answer the questions that follow:On the eve of Independence, India had before it, two models of modern development: the liberalcapitalist model as in much of Europe and the US and the socialist model as in the USSR. There were many in India then who were deeply impressed by the Soviet model of development. These included not just the leaders of the Communist Party of India, but also those of the Socialist Party and leaders like Nehru within the Congress. There were very few supporters of the American style capitalist development. As in the USSR, the Planning Commission of India opted for Five Year Plans (FYP). The idea is very simple: The Government of India prepares a document that has a plan for all its income and expenditure for the next five years. Accordingly, the budget of the Central and all the State governments is divided into two parts: ‘non-plan’ budget that is spent on routine items on a yearly basis and ‘plan’ budget that is spent on a five-year basis as per the priorities fixed by the plan. A five-year plan has the advantage of permitting the government to focus on the larger picture and make long-term intervention in the economy. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.Q. The Budget is divided into which two parts?a)Planned and semi planned budgetb)Planned and non-planned budgetc)Planned and reserved budgetd)None of the aboveCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.