__________measures the increase in output

(a)

Economic development

(b)

Economic Growth

(c)

Both a and b

(d)

None of these

The concept__________ refers to the structural changes towards betterment

(a)

Economic fluctuation

(b)

Economic growth

(c)

Economic development

(d)

None of these

These are ___________main approaches to economic development.

(a)

Traditional approach

(b)

The New Welfare oriented approach

(c)

Both a and b

(d)

None of these

Which is not the characteristics of UDCs?

(a)

Low per capita

(b)

Wide in equality

(c)

High rate of unemployment

(d)

Price mechanism

Economic development depends on

(a)

Social

(b)

Political

(c)

Religious

(d)

All the above

The first country to introduce Five Year Plan was

(a)

UK.

(b)

U.S.A.

(c)

Former Soviet Russia

(d)

France

Planning in India is

(a)

Centralized planning

(b)

Democratic planning

(c)

Partial Planning

(d)

Indicative planning

Perspective Plan covers a period of

(a)

5 years

(b)

10 years

(c)

10 to 30 years

(d)

15 years

The first Five Year Plan of India was launched in

(a)

1947

(b)

1951

(c)

1956 

(d)

1961

There was plan holiday in India from

(a)

1966 - 69

(b)

1961 - 63

(c)

1980 - 84

(d)

2002- 2004

"Strictly speaking all economic life involves planning" was said by

(a)

Alfred Marshall

(b)

Lionel Robbins

(c)

J.M. Keynes

(d)

Schumpeter

In a socialist state most of the means of production are owned by the

(a)

Private individuals

(b)

State

(c)

Planning authority

(d)

none of the above

In a democracy, planning is done by

(a)

inducement

(b)

index

(c)

discussion

(d)

choice

The Great Depression occurred in

(a)

1930

(b)

1950

(c)

1980

(d)

2000

The Under developed nations, plan for economic

(a)

stability

(b)

equality

(c)

growth and development

(d)

progress