UPSC Exam > UPSC Videos > Indian Economy for UPSC CSE > Economic Planning - 2
Economic Planning - 2 Video Lecture | Indian Economy for UPSC CSE
|
139 videos|315 docs|136 tests
|
FAQs on Economic Planning - 2 Video Lecture - Indian Economy for UPSC CSE
| 1. What is economic planning? |  |
Ans. Economic planning refers to the process of setting goals, making decisions, and implementing policies to achieve those goals in an economy. It involves determining the allocation of resources, such as labor, capital, and natural resources, to various sectors and industries in order to promote economic growth and development.
| 2. What are the main objectives of economic planning? | |
Ans. The main objectives of economic planning are to promote economic stability, reduce poverty and inequality, achieve sustainable development, and improve the overall welfare of the population. It aims to coordinate and allocate resources efficiently, enhance productivity, and ensure equitable distribution of income and wealth.
| 3. What are the different types of economic planning? | |
Ans. There are various types of economic planning, including centralized planning, indicative planning, and market-oriented planning. Centralized planning involves the government making all economic decisions and controlling the allocation of resources. Indicative planning provides guidelines and targets for the private sector to follow, while market-oriented planning combines market mechanisms with government interventions to achieve desired outcomes.
| 4. How does economic planning impact a country's economy? | |
Ans. Economic planning can have significant impacts on a country's economy. It can help in achieving higher economic growth rates, reducing income disparities, and promoting industrialization and infrastructure development. Effective planning can also contribute to improved resource allocation, increased employment opportunities, and enhanced competitiveness in the global market.
| 5. What are the challenges and criticisms of economic planning? | |
Ans. Some of the challenges and criticisms of economic planning include the difficulty of accurately predicting and forecasting economic variables, the potential for bureaucratic inefficiencies and corruption, limited flexibility in responding to changing market conditions, and the potential for stifling innovation and entrepreneurship. Critics argue that excessive government intervention and control can lead to distorted prices, reduced incentives for productivity, and limited individual freedoms.
Related Exams
About this Video
|
4.62/5 Rating |
|
Oct 31, 2024 Last updated |
Video Description: Economic Planning - 2 for UPSC 2024 is part of Indian Economy for UPSC CSE preparation.
The notes and questions for Economic Planning - 2 have been prepared according to the UPSC exam syllabus.
Information about Economic Planning - 2 covers all important topics for UPSC 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Economic Planning - 2.
Introduction of Economic Planning - 2 in English is available as part of our Indian Economy for UPSC CSE for UPSC & Economic Planning - 2 in
Hindi for Indian Economy for UPSC CSE course. Download more important topics related with notes, lectures and mock test series for
UPSC Exam by signing up for free.
Description
Video Lecture & Questions for Economic Planning - 2 Video Lecture | Indian Economy for UPSC CSE - UPSC full syllabus preparation | Free video for UPSC exam to prepare for Indian Economy for UPSC CSE.
Information about Economic Planning - 2
Here you can find the meaning of Economic Planning - 2 defined & explained in the simplest way possible.
Besides explaining types of Economic Planning - 2 theory, EduRev gives you an ample number of questions to practice Economic Planning - 2 tests,
examples and also practice UPSC tests.
|
139 videos|315 docs|136 tests
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Sample Paper
,mock tests for examination
,Economic Planning - 2 Video Lecture | Indian Economy for UPSC CSE
,video lectures
,Economic Planning - 2 Video Lecture | Indian Economy for UPSC CSE
,practice quizzes
,Viva Questions
,Semester Notes
,Extra Questions
,Important questions
,past year papers
,Free
,ppt
,Economic Planning - 2 Video Lecture | Indian Economy for UPSC CSE
,Summary
,Objective type Questions
,MCQs
,study material
,Previous Year Questions with Solutions
,shortcuts and tricks
,Exam
;
Study Economic Planning - 2 on the App
Students of UPSC can study Economic Planning - 2 alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Economic Planning - 2,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Economic Planning - 2 is prepared as per the latest UPSC syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup