Chapter 15: Economy and Government — Online MCQ Test
SOCIAL SCIENCE · CLASS 10th · Karnataka State Board
Practice Chapter 15: Economy and Government with a free chapter-wise online MCQ test.
This chapter covers: Focusing on economic planning this chapter covers economic policy state intervention planning commission NITI Aayog five-year plans and welfare economics..
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Chapter 15: Economy and Government — Important Questions & Answers
What is the main aim of economic planning?
- A. To increase only imports
- B. To use resources in a balanced way for development
- C. To reduce all government activities
- D. To stop private business completely
Answer: B. To use resources in a balanced way for development
Economic planning aims to use a country's resources properly to achieve development and welfare. It helps set priorities and allocate resources efficiently.
Economic planning aims to use a country's resources properly to achieve development and welfare. It helps set priorities and allocate resources efficiently.
Which institution was replaced by NITI Aayog?
- A. Finance Commission
- B. Election Commission
- C. Planning Commission
- D. Reserve Bank of India
Answer: C. Planning Commission
NITI Aayog was created in place of the Planning Commission in 2015. It serves as a policy think tank for the government.
NITI Aayog was created in place of the Planning Commission in 2015. It serves as a policy think tank for the government.
Economic planning is mainly used to achieve which of the following?
- A. Uncontrolled growth of cities only
- B. Balanced development and social welfare
- C. Removal of all taxes immediately
- D. Growth of only the service sector
Answer: B. Balanced development and social welfare
Planning helps achieve balanced development across sectors and improves welfare. It also helps reduce inequality and poverty.
Planning helps achieve balanced development across sectors and improves welfare. It also helps reduce inequality and poverty.
Which of the following best explains the shift from Planning Commission to NITI Aayog?
- A. From rigid central planning to cooperative and flexible policy guidance
- B. From democratic planning to military control
- C. From economic planning to no planning at all
- D. From state planning to foreign planning
Answer: A. From rigid central planning to cooperative and flexible policy guidance
NITI Aayog was introduced to make planning more flexible and to encourage cooperation with states. It works more as a policy body than a central plan-maker.
NITI Aayog was introduced to make planning more flexible and to encourage cooperation with states. It works more as a policy body than a central plan-maker.
Which of the following is the best answer to the statement: 'NITI Aayog is different from the Planning Commission because it does not allocate funds like the old body did.'
- A. Because it has no role in development
- B. Because it is only a judicial body
- C. Because it provides policy support and promotes cooperative federalism
- D. Because it controls elections in states
Answer: C. Because it provides policy support and promotes cooperative federalism
NITI Aayog focuses on policy guidance, innovation, and cooperation with states rather than direct fund allocation. This marks a major difference from the Planning Commission.
NITI Aayog focuses on policy guidance, innovation, and cooperation with states rather than direct fund allocation. This marks a major difference from the Planning Commission.