12th Economics unit -11 Economics of Development and Planning Book Back Question and Answer

 

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.