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Certain facts about the History of Planning of Indian Economy are given below. Select the option which provides correct information. A. Economic Planning in India was initiated by Sir M. Visvesvarayya. B. “Planned Economy for India” is the book written by P.C Mahalonobis. C. National Planning Committee in India was setup in the year 1938.

Certain facts about the History of Planning of Indian Economy are given below. Select the option which provides correct information. A. Economic Planning in India was initiated by Sir M. Visvesvarayya. B. “Planned Economy for India” is the book written by P.C Mahalonobis. C. National Planning Committee in India was setup in the year 1938. Correct Answer A and C

  • “Planned Economy for India” is the book written by Sir M. Visvesvarayya.
  • P.C Mahalonobis is regarded as the “Father of Indian Statics”.
  • Economic Planning in India was initiated by Sir M. Visvesvarayya in 1934.
  • National Planning Committee in India was set up by the Indian National Congress in the year 1938(S.C. Bose was President of INC), under the chairmanship of JL Nehru.
  • Economic Planning means arrangement of resources which are scarce in relation to the needs for their alternative uses in such a way that the satisfaction yielded by them is maintained at an optimum level.
  • It thus involves the element of choice between scarce means of achieving a pre-determined end. It is a carefully thought out rational arrangement of economic resources – B. C. Tandon
  • Economic planning is the making of major economic decisions— by the conscious decision of a determinate authority, on the basis of a comprehensive survey of a country’s existing and potential resources and a careful study of the needs of the people. - H. D. Dickinson 

Related Questions

Ten books are arranged in a row following a certain sequence. Among them 3 are History , 3 are Economics, 2 are Maths and 2 are English. From the left, there is an English book between a History and Maths book, a history book between a Maths and an English book, an Economics book between an English and a Maths Book. a Maths book between two Economics books and two Economics two Economics book between a Maths and a History book. Book of which subject is at the sixth position from the left?
Ten bools are arranged in a row following a certain sequence.Among them 3 History,3 are Economics, 2 are Math's and are English.From the left,There is English book between a History and Math's book, a History book between a Math's and an English book, an Economics book between an English and a Math's Book Math's book between two Economics books and two Economics book between Math's and a History book.Book of which subject is at the sixth position from the left?
Consider the following information: 1. Six books are kept one above the other. 2. History book is just above Commerce book and Mathematics book is just above Civics book and just below physics book 3. English book is between History and Civics books 4. No book is above the Physics book. Which book is between Mathematics book and English book?
What is true for Planning in India? 1. In August 1937, the Congress Working Committee at its meeting in Wardha adopted a resolution of national reconstruction and social planning. 2. Subhash Chandra Bose, in his presidential speech at Haripura declared that the national state on the advice of the planning commission would adopt a comprehensive scheme. 3. Modi Government renamed ‘Planning Commission’ as 'Niti Aayog’ 4. Subhash Chandra Bose announced the formation of a National Planning Committee with Jawaharlal Nehru as Chairman in 1938.
Anya, Banya, Dinya and Vinya brought a story book for their classmate. The book is with someone among them. They all know who has the book and each one makes a statement about this. Select the person with the book if only one of them is making a false statement. statements : Anya: I don’t have the book and Dinya also doesn’t have the book. Banya : I don’t have the book and Anya also doesn’t have the book. Dinya : I don’t have the book and Banya also doesn’t have the book. Vinya : I don’t have the book and Anya also doesn’t have the book.
Which of the following statements are true/ false?
1. In the market economy, the prices are determined by the level of demand and supply in the market.
2. Mixed economy is an economic system in which both the private and public sector have equal roles to play.
3. Planned economy is also known as a centralised economy, controlled economy or command economy.
4. In the market economy, governments do not have much role to play.
Nine individuals - Z, Y, X, W, V, U, T, S and R - are the only candidates, who can serve on three committees-K1, K2 and K3, and each candidate should serve on exactly one of the committees. Committee K1 should consist of exactly one member more than committee K2. It is possible that there are no members in committee K3. Among Z, Y and X none can serve on committee 10. Among W, V and U none can serve on committee K2. Among T, S and R none can serve on committee K3. In case committee K2 is served by T and Z only, how many of the nine individuals should serve on committee K3?  Of the nine individuals, the largest number that can serve together on committee K3 is:
In a City of 1000 people, 570 read History book and 424 read Indian Geography book and 254 read Polity book, 40 read History and Polity book and 58 read History and Indian Geography books and 70 read Polity and Indian Geography books. 100 read no Books. Then how many read only one book ?
Given below are certain facts about the economy of China. Choose the option which contains correct facts. A. In terms of manufacturing, China is the largest economy. B. It is the second largest economy in terms of Purchasing Power parity. C. The economic development in China has not been uniform, with more in some provinces. D. The economic reforms of 1975 helped China to become one of the major economies of the world.
Nine individuals - Z, Y, X, W, V, U, T, S and R - are the only candidates, who can serve on three committees-K1, K2 and K3, and each candidate should serve on exactly one of the committees. Committee K1 should consist of exactly one member more than committee K2. It is possible that there are no members in committee K3. Among Z, Y and X none can serve on committee 10. Among W, V and U none can serve on committee K2. Among T, S and R none can serve on committee K3. In case committee K2 is served by T and Z only, how many of the nine individuals should serve on committee K3?