Balbharati solutions for Economics [English] 11 Standard chapter 10 - Economic Planning in India [Latest edition]

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.

Choose the correct option:

Statements that are incorrect regarding India's five year plans

a) The main objective of the first five year plan was the development of agriculture.

b) Social welfare and poverty eradication were the prime objectives of the seventh five year plan.

c) By the second five year plan, focus increased on faster, inclusive growth.

d) Development of both agriculture and industry were the main objectives of the third five year plan.

Identify the right group of pairs from the given options:

Choose the correct statement:

Statement 1: NITI Aayog takes note of dynamic change in the Indian economy

Statement 2: Considering the economic, social and technological differences in underdeveloped districts, the body plans to implement various programmes and bring about economic changes.

Give economic term:

Conscious and deliberate choice of economic priorities by some public authority.

Give economic terms:

A group of people called forth by the government to discuss various problems and also try to find solutions to them.

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:

Ramabai gets subsidy on domestic LPG directly transferred to her bank a/c.

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.

Answer the following question:

Explain the features of Economic Planning

Answer the following question:

Explain the targets of 12^th Five Year plan.

Answer the following question:

Explain the structure of NITI Aayog.

Answer the following question:

Explain the functions of NITI Ayog.

Answer the following question:

Distinguish between Planning Commission and NITI Aayog.

State with reasons whether you agree or disagree with the following statement:

State governments have more significant role to play under NITI Aayog.

State with reasons whether you agree or disagree with the following statement:

Functions of Planning Commission has been transferred to NITI Ayog.

State with reasons whether you agree or disagree with the following statement:

The objective of the12^th five year plan was to achieve faster, sustainable, and inclusive growth.

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'.