12th Economics Book Back Question and Answer Tamil Medium & English Medium

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12th Economics Book Back Question and Answer Tamil Medium & English Medium

  • Chapter 11 Economics of Development and Planning
1. "Redistribution with Growth" became 
popular sloga]er which approach? 
a) Traditional approach
b) New welfare oriented approach
c) Industrial approach
d) None of the above 

2. Which is not the feature of economic 
growth?
a) Concerned with developed nations
b) Gradual change
c) Concerned with quantitative aspect
d) Wider concept
3. Which among the following is a 
characteristic of underdevelopment?
a) Vicious circle of poverty
b) Rising mass consumption
c) Growth of Industries
d) High rate of urbanization
4. The non-economic determinant of 
economic development
a) Natural resources
b) Human resource
c) Capital formation
d) Foreign trade
5. Economic growth measures the -------
--------
a) Growth of productivity
b) Increase in nominal income
c) Increase in output
d) None of the above
6. The supply side vicious circle of poverty 
suggests that poor nations remain poor 
because
a) Saving remains low
b) Investment remains low
c) There is a lack of effective 
government
d) a and b above 
7. Which of the following plan has focused 
on the agriculture and rural economy? 
a) People’s Plan
b) Bombay Plan
c) Gandhian Plan 
d) Vishveshwarya Plan 
8. Arrange following plans in correct 
chronological order 
a) People’s Plan
b) Bombay Plan
c) Jawaharlal Nehru Plan
d) Vishveshwarya Plan
Answer choices 
a) (i)
(ii) (iii) (iv)
b) (iv) (iii) (ii) (Roy

c) (i)
(ii) (iv) (iii)
d) (ii) (i)
(iv) (iii)
9. M.N. Roy was associated with ---------
------------
a) Congress Plan
b) People’s Plan
c) Bombay Plan
d) None of the above 
10. Which of the following country adopts 
indicative planning? 
a) France
b) Germany
c) Italy
d) Russia 
11. Short-term plan is also known as-----
--------------
a) Controlling Plans
b) De-controlling Plans
c) Rolling Plans
d) De-rolling Plans
12. Long-term plan is also known as -----
----------------
a) Progressive Plans
b) Non-progressive Plans
c) Perspective Plans
d) Non-perspective Plans
13. The basic philosophy behind long￾term planning is to bring------------
changes in the economy?
a) Financial
b) Agricultural
c) Industrial
d) Structural 
14. Sarvodaya Plan was advocated by-----
-------------
a) Mahatma Gandhi
b) J.P. Narayan
c) S. N Agarwal
d) M.N. Roy
15. Planning Commission was set up in 
the year ---------------
a) 1950 b) 1951
c) 1947 d) 1948
e) Gandhian Plan 
16. Who wrote the book ‘The Road to 
Serfdom’? 
a) Friedrich Hayek
b) H.R. Hicks
c) David Ricardo
d) Thomas Robert Malthus
17. Perspective plan is also known as ----
a) Short-term plan
b) Medium-term plan
c) Long-term plan
d) None of the above 
18. NITI Aayog is formed 
through------------------------
a) Presidential Ordinance
b) Allocation of business rules by 
President of India
c) Cabinet resolution
d) None of the above
19. Expansion of NITI Aayog?
a) National Institute to Transform 
India
b) National Institute for Transforming 
India
c) National Institution to Transform 
India
d) National Institution for 
Transforming India
20. The Chair Person of NITI Aayog is 
a) Prime Minister
b) President
c) Vice – President
d) Finance Minister
Part-B
Answer the following questions in one or two sentences.
21. Define economic development
22. Mention the indicators of development. 
23. Distinguish between economic growth and development
24. What is GNP?
25. Define economic planning.
26. What are the social indicators of economic development?
27. Write a short note on NITI Aayog.
Part-C
Answer the following questions in one paragraph.
28. Elucidate major causes of vicious circle of poverty with diagram
29. What are the non-economic factors determining development?
30. How would you break the vicious circle of poverty?
31. Trace the evolution of economic planning in India. 
32. Describe the case for planning.
33. Distinguish between functional and structural planning.
34. What are the functions of NITI Aayog?
Part-D
Answer the following questions in about a page. 
35. Discuss the economic determinants of economic development. 
36. Describe different types of Planning.
37. Bring out the arguments against planning.