Chapter Exam

Chapter 4: Planning and NITI Aayog — Online MCQ Test

Q: Which institution replaced the Planning Commission of India?

Answer: B. NITI Aayog — NITI Aayog was set up in place of the Planning Commission in 2015. It works as the policy think tank of the Government of India.

Q: The mixed economy model adopted by India means:

Answer: C. Both public and private sectors coexist — A mixed economy allows both public and private sectors to function together. India followed this model after independence.

Q: If a state wants to improve its development strategy under the new planning approach, which institution should it primarily engage with for policy support?

Answer: A. NITI Aayog — NITI Aayog acts as a policy think tank and supports states in development planning. It does not function like a regulatory or judicial body.

ECONOMICS · CLASS 12 INTERMEDIATE 2 YEAR · Telangana State Board

Practice Chapter 4: Planning and NITI Aayog with a free chapter-wise online MCQ test for Telangana State Board CLASS 12 INTERMEDIATE 2 YEAR ECONOMICS. This chapter covers: This chapter covers Indian economic planning objectives five-year plan achievements failures economic reforms post-1991 and NITI Aayog structure functions and role.. AI-generated questions from basic to board-exam level, with instant results and explanations.

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Chapter 4: Planning and NITI Aayog — Important Questions & Answers (FAQ)

Frequently asked questions from Telangana State Board CLASS 12 INTERMEDIATE 2 YEAR ECONOMICS — Chapter 4: Planning and NITI Aayog, with answers and explanations. These are sample questions; the exam has its own separate question set.

What is the main objective of economic planning in India?

A. To increase only industrial profits
B. To achieve balanced economic development and welfare ✓
C. To reduce government role completely
D. To stop structural changes in the economy

Answer: B. To achieve balanced economic development and welfare
Economic planning aims at planned development, balanced growth, and social welfare. It is not limited to profits or reducing the government's role.

Which institution replaced the Planning Commission of India?

A. Finance Commission
B. NITI Aayog ✓
C. Reserve Bank of India
D. National Development Council

Answer: B. NITI Aayog
NITI Aayog was set up in place of the Planning Commission in 2015. It works as the policy think tank of the Government of India.

The mixed economy model adopted by India means:

A. Only the private sector operates
B. Only the public sector operates
C. Both public and private sectors coexist ✓
D. Foreign sector completely controls the economy

Answer: C. Both public and private sectors coexist
A mixed economy allows both public and private sectors to function together. India followed this model after independence.

If a state wants to improve its development strategy under the new planning approach, which institution should it primarily engage with for policy support?

A. NITI Aayog ✓
B. Election Commission
C. Supreme Court
D. Union Public Service Commission

Answer: A. NITI Aayog
NITI Aayog acts as a policy think tank and supports states in development planning. It does not function like a regulatory or judicial body.

Which one of the following statements about NITI Aayog is correct?

A. It has constitutional status like the Finance Commission
B. It prepares Five-Year Plans with compulsory targets
C. It is an advisory institution and a policy think tank ✓
D. It controls the RBI's monetary policy

Answer: C. It is an advisory institution and a policy think tank
NITI Aayog is not a constitutional body and does not prepare compulsory five-year plans. It functions as an advisory policy think tank.

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