Maharashtra State Board Class 11 Economics Solutions Chapter 10 Economic Planning in India
1. Choose the correct option:
Questions 1.
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 program.
(d) Economic planning is based on predetermined objectives.
Options:
(1) a and b
(2) a, b, c, and d
(3) a and c
(4) None of these
Answer:
(1) a and b
Group – ‘A’ | Group – ‘B’ |
1. Economic planning | (a) Selection by Prime Minister |
2. Twelfth Five Year Plan | (b) Think Tank group of Indian Government |
3. NITI Aayog | (c) Fast and sustainable growth |
4. NITI Aayog Vice-Chairperson | (d) Time-bound programme |
Options:
(1) 1 – c, 2 – a, 3 – d, 4 – b
(2) 1 – d, 2 – b, 3 – a, 4 – c
(3) 1 – d, 2 – c, 3 – b, 4 – a
(4) 1 – b, 2 – d, 3 – c, 4 – a
Correct pair: (3) 1 – d, 2 – c, 3 – b, 4 – a
Question 4
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Choose the correct statement: Statement 1 – NITI Aayog takes note of the 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. Options: (a) statement 1 is correct (b) statement 2 is correct (c) statement 2 is the result of statement 1 (d) there is no relation between statement 1 and statement 2.
Solution & Step-by-Step Answer:
(c) statement 2 is the result of statement 1
2. Give economic terms:
Question 1
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The conscious and deliberate choice of economic priorities by some public authority.
Solution & Step-by-Step Answer:
National Agenda
Question 2
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A group of people called forth by the government to discuss various problems and also try to find solutions to them.
Solution & Step-by-Step Answer:
Think Tank
3. Identify and explain the concepts from the given illustrations:
Question 1
Maharashtra Board Solution
Sayali’s mother maintains a book of accounts for household purposes and plans the expenditure accordingly.
Solution & Step-by-Step Answer:
Planning. It is a time-bound programme. The objectives should fulfill by using available resources within the time limit.
Question 2
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Ramabai gets a subsidy on domestic LPG directly transferred to her bank a/c.
Solution & Step-by-Step Answer:
Service Delivery. It is the important target of the 12th five-year plan. The main aim behind this policy is to prevent corruption.
Question 3
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To solve classroom-related issues, the teacher forms a group of students. This group discusses the problems and finds solutions to them.
Solution & Step-by-Step Answer:
Think-Tank
4. Answer the following:
Question 1
Maharashtra Board Solution
Explain the features of economic planning.
Solution & Step-by-Step Answer:
Economic planning is a time-bound programme to achieve certain objectives by allocating available resources under the control of a central planning authority.
Prof. H. D. Dickinson defines economic planning as – “Economic planning is the making of major economic decisions such as what and how much is to be produced how, when and where it is to be produced, to whom it is to be allocated, by the conscious decision of the determinate authority, on the basis of a comprehensive survey of the economy as a whole.” On the basis of the above definition, its main characteristics are:
Question 2
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Explain the targets of the 12th Five Year plan.
Solution & Step-by-Step Answer:
Targets for infrastructure are:
Question 3
Maharashtra Board Solution
Explain the structure of NITI Aayog.
Solution & Step-by-Step Answer:
The structure of NITI Aayog includes Governing Council, Regional Councils, Special Invitees, and Organisational Framework. The organizational framework includes Chairperson, Vice-Chairperson, Ex-officio members, CEO, and Secretariat.
Question 4
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Explain the functions of NITI Aayog.
Solution & Step-by-Step Answer:
Functions of NITI Aayog:
Question 5
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Distinguish between Planning Commission and NITI Aayog.
Solution & Step-by-Step Answer:
5. State with reasons whether you agree or disagree with the following statements:
Question 1
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State governments have a more significant role to play under NITI Aayog.
Solution & Step-by-Step Answer:
Yes, I do agree with the statement.
Question 2
Maharashtra Board Solution
Functions of the Planning Commission have been transferred to NITI Aayog.
Solution & Step-by-Step Answer:
Yes, I do agree with the statement.
Question 3
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The objective of the 12th five-year plan was to achieve faster, sustainable and inclusive growth.
Solution & Step-by-Step Answer:
Yes, I do agree with the statement.
6. 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 31 sc March. Changes in the tax structure are suggested in the budget. Besides this, provisions are also made for allocating expenditure on defense, 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.
Question 1
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Where is the Union Budget usually presented?
Solution & Step-by-Step Answer:
Union Budget is presented in the Parliament.
Question 2
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What all aspects are considered while preparing the budget?
Solution & Step-by-Step Answer:
Changes in the tax structure, provisions for allocating expenditure on defense, education, research, and development.
Question 3
Maharashtra Board Solution
Why is the date for presenting the budget shifted to the 1st of February?
Solution & Step-by-Step Answer:
The date for presenting the budget is shifted to the 1st of February because it enables the generation of funds well in advance prior to the commencement of the financial year.
Question 4
Maharashtra Board Solution
Explain the term ‘budget’.
Solution & Step-by-Step Answer:
A budget is the annual financial statement that shows estimated receipts and expenditures of the government for a year.
11th Economics Digest Chapter 10 Economic Planning in India Intext Questions and Answers Collect information on: (Textbook Page No. 64) Answer: Find out: (Textbook PageNo. 65 ) Calculate D6and D9from the above table using ‘achievements’ as the numerical data.
(i) Sixth Decile: (ii) Ninth Decile: Find out: (Textbook Page No. 66) Information of various levels of National Family Health Survey (NFHS). Do you know? (Textbook Page No. 66) Think-tank: Think-tank is a group of experts who are gathered together by an organization, especially by a Government in order to consider various problems, try and work out ways to solve them. Find out: (Textbook Page No. 67) The present structure of NITI Aayog and list out the names of members in the respective columns.
Answer:
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