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प्रश्न
Answer the following question:
Explain the features of Economic Planning
उत्तर
The following are the features of economic planning:
- Central Planning Authority: In India, economic planning is undertaken by the Central Planning Authority. In India, it was known as Planning Commission. Since 2015, Planning Commission has been replaced by National Institution for Transforming India i.e. NITI Aayog
- A survey: For economic planning, a comprehensive survey of the economy is undertaken. The survey includes getting information regarding the availability and utilization of human and natural resources.
- Objectives:' Economic planning is based on certain pre-determined objectives. These objectives are realistic and flexible.
- Priorities and targets: In economic planning, for accelerating economic development, the priorities are fixed according to the importance of each sector. Target is the concrete step towards the attainment of the pre-determined objectives.
- Mobilization of resources: The resources needed for the implementation of plans are mobilized through various sources such as taxes, domestic savings, direct financing, public debt, external assistance, etc.
- Plan period: Plan period varies as per the needs. In India, economic planning is generally for a period of five years.
- Evaluation: Periodic assessments such as a mid-term appraisal of the plan is done. This helps to incorporate necessary changes in priorities and targets if needed.
- Continuous process: Economic planning is a continuous process. It aims at the economic development of a country.
- Co-ordination: In India, states also undertake economic planning along with the centre. Thus, in economic planning, coordination between the centre and states is ensured.
- Flexibility: In India, the Central Planning Authority maintains flexibility in its approach. It allows us to incorporate necessary changes in the economic plans as per the requirements during its implementation.
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संबंधित प्रश्न
Choose the correct option :
Statements that are true about the Planning Commission
a) Planning Commission was established in 1950.
b) The Prime Minister is the Ex-Officio Chairman of the Planning Commission.
c) Economic planning is a time bound programme.
d) Economic planning is based on predetermined objectives.
Give economic term:
Conscious and deliberate choice of economic priorities by some public authority.
Identify and explain the concept from the given illustration:
sayali’s mother maintains a book of accounts for household purpose and plans the expenditure accordingly.
Identify and explain the concept from the given illustration:
To solve classroom related issues, the teacher forms a group of student, this group discusses the problem and find a solution to it.
Read the following passage and answer the questions given below:
The Finance Minister of the Central Government presents the Union Budget before the Parliament during the month of February every year. The budget, also referred to as the annual financial statement reflects the estimated receipts and expenditure of the government for a particular financial year that begins on the 1st of April and ends on 31st March. Changes in the tax structure are suggested in the budget. Besides this, provisions are also made for allocating expenditure on defence, education, research, and development, etc. The date for presenting the budget has been shifted to the 1st of February every year. This enables the generation of funds well in advance prior to the commencement of the financial year.
1) Where is the Union Budget usually presented?
2) What all aspects are considered while preparing the budget?
3) Why is the date for presenting the budget shifted to the 1st of February?
4) Explain the term 'budget'.
Give economic term:
Resources gathered through taxation. domestic savings, etc.
Identify the correct of pairs from the given options :
| 'A' | B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time bound programme |
Identify the correct of pairs from the given options :
| 'A' | 'B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time bound programme |
Identify the correct pairs from the given options:
| 'A' | 'B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of the Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time-bound program |
Identify the correct pairs from the given options :
| 'A' | 'B' |
| 1) Economic Planning | a) Selection by Prime Minister |
| 2) Twelfth Five Year Plan | b) Think Tank group of the Indian Government |
| 3) NITI Aayog | c) Fast and sustainable growth |
| 4) NITI Aayog Vice-Chairperson | d) Time-bound programme |
Identify the correct of pairs from the given options :
| 'A' | 'B' | ||
| 1) | Economic Planning | a) | Selection by Prime Minister |
| 2) | Twelfth Five Year Plan | b) | Think Tank group of Indian Government |
| 3) | NITI Aayog | c) | Fast and sustainable growth |
| 4) | NITI Aayog Vice - Chairperson | d) | Time bound Programme |
