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B Com Exam  >  B Com Test  >  Business Environment  >  Test: Economic Planning - B Com MCQ

Economic Planning - Free MCQ Practice Test with solutions, B Com Business


MCQ Practice Test & Solutions: Test: Economic Planning (10 Questions)

You can prepare effectively for B Com Business Environment with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Economic Planning". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Economic Planning - Question 1
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What is the primary role of NITI Aayog?

Detailed Solution: Question 1

NITI Aayog is a policy think tank that replaces the Planning Commission. Its main role is to formulate policies, provide strategic advice on economic matters, and foster cooperative federalism between the central government and the states.

Test: Economic Planning - Question 2
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Which body in NITI Aayog consists of Chief Ministers of all states and Union Territories?

Detailed Solution: Question 2

The Governing Council in NITI Aayog comprises the Chief Ministers of all states and Union Territories with legislatures, along with Lieutenant Governors of other Union Territories. This council provides a platform for cooperative federalism in policy-making.

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Test: Economic Planning - Question 3
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What is the purpose of forming Regional Councils within NITI Aayog?

Detailed Solution: Question 3

Regional Councils in NITI Aayog are formed to address specific issues and disputes impacting more than one state or a region. They aim to resolve common problems that may delay developmental projects and promote cooperation among states.

Test: Economic Planning - Question 4
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Who chairs the Regional Councils within NITI Aayog?

Detailed Solution: Question 4

The Regional Councils within NITI Aayog are chaired by the Chairperson of NITI Aayog or their nominee. These councils bring together Chief Ministers of states and Lt. Governors of Union Territories to address specific regional issues.

Test: Economic Planning - Question 5
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Who is responsible for appointing the Vice-Chairperson of NITI Aayog?

Detailed Solution: Question 5

The Prime Minister of India is responsible for appointing the Vice-Chairperson of NITI Aayog. This position plays a significant role in the policy-making and advisory functions of the organization.

Test: Economic Planning - Question 6
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What is the role of the CEO in NITI Aayog?

Detailed Solution: Question 6

The CEO of NITI Aayog oversees the implementation and monitoring of various government programs and initiatives. They play a crucial role in evaluating the effectiveness of policies and ensuring their successful execution.

Test: Economic Planning - Question 7
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What is the main concept behind the formation of NITI Aayog?

Detailed Solution: Question 7

The main concept behind NITI Aayog is to foster cooperative federalism, promoting healthy competition among states for development. It aims to involve states in policy formulation, ensuring their active participation in decision-making.

Test: Economic Planning - Question 8
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What is the primary role of Regional Councils in NITI Aayog?

Detailed Solution: Question 8

Regional Councils within NITI Aayog play a crucial role in resolving specific issues and disputes that impact more than one state. Their aim is to promote cooperation and settlement of common problems for smoother development.

Test: Economic Planning - Question 9
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How is NITI Aayog different from the Planning Commission?

Detailed Solution: Question 9

NITI Aayog differs from the Planning Commission in its approach. While the Planning Commission focused on allocating funds, NITI Aayog emphasizes cooperative federalism, policy formulation, and active participation of states in decision-making.

Test: Economic Planning - Question 10
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What is the purpose of having special invitees in NITI Aayog?

Detailed Solution: Question 10

Special invitees in NITI Aayog are nominated to provide their expertise and knowledge on specific domains. These experts contribute to policy discussions, ensuring a well-rounded approach to decision-making and advisory functions.

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About this B Com Practice Test

This test contains 10 MCQs on Economic Planning with detailed solutions for each question. It is part of the Business Environment course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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If you found this Economic Planning MCQ Test helpful, you can further enhance your B Com preparation with in-depth courses on EduRev, for all the subjects and topics available in Business Environment course. The course offers:
  • Video Lectures: covering all the topics of Business Environment
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  • MCQ Test: variety of questions as per the pattern of B Com exam
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