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The basic difference between imperative and indicative planning is that :

A) It is easier to achieve targets in imperative type of planning.
B) In the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector.
C) In the case of imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system.
D) In the case of indicative planning, there is no need to nationalise any industry.

Correct Answer:



C) In the case of imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system.

Part of solved Nature of Indian Economy questions and answers : General Knowledge >> Economy >> Nature of Indian Economy

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Similar Questions

1). Among the achievements of Indian planning, we may include :
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices

A). 1 and 2

B). 1, 2 and 3

C). 1, 2 and 4

D). 2 and 3

2). Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins

A). I, II and III

B). I and IV

C). II and III

D). I, II, III and IV

3). Dadabhai Naoroji theorised on the drain of wealth from India in his book :

A). Poverty under British Rule in India

B). Poverty in British Rules in India

C). Poverty and Un-British Rule in India

D). Poverty of Economic Drain in British India

4). Which of the following may be termed long-term objectives of Indian planning?
1. Self-Reliance
2. Productive employment generation
3. Growth of 7 per cent per annum
4. Growth in infrastructure

A). 1 and 2

B). 3 and 4

C). 1,2 and 4

D). 2, 3 and 4

5). Which of the following are not correct assessments of the decades of India's Five-Year Plans?
1. There has been vey low capital formation
2. Growth has favoured the better off
3. Production has increased substantially through often falling short of targets
4. The public sector has contributed nothing to economic growth

A). 1 and 4

B). 2 and 3

C). 1, 2 and 3

D). 3 and 4

6). Who is the Deputy Chairman of Planning Commission?

A). Prime Minister

B). Finance Minister

C). Commerce Minister

D). None of these

7). The Deputy Chairman of the Planning Commission :

A). is the Prime Minister

B). is the Planning Minister

C). holds the rank of a cabinet minister

D). is an economist of repute

8). Who was the first Deputy Chairman of Planning Commission of India?

A). Shri Jawaharlal Nehru

B). Dr. Rajendra Prasad

C). Shri V.T. Krishnamachari

D). Shri C. Rajagopalachari

9). Persons below the poverty line in India are classified as such based on whether :

A). they are entitled to a minimum prescribed food basket

B). they get work for a prescribed minimum number of days in a year

C). they belong to agricultural labourer household and the scheduled caste/tribe
social group

D). their daily wages fall below the prescribed minimum wages

10). Which Committee's recommendations are being followed for estimating Poverty Line in India?

A). Dutt Committee

B). Chelliah Committee

C). Chakravorty Committee

D). Lakdawala Committee