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Challenges and Constraints in Economic Planning in India

Description: This quiz is designed to assess your understanding of the challenges and constraints faced by economic planning in India.
Number of Questions: 10
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Tags: economic planning challenges constraints india
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Which of the following is NOT a challenge faced by economic planning in India?

  1. Lack of political will

  2. Inadequate data and information

  3. Rapid population growth

  4. Efficient resource allocation


Correct Option: D
Explanation:

Efficient resource allocation is not a challenge faced by economic planning in India, but rather a goal that economic planning aims to achieve.

How does inadequate data and information hinder economic planning in India?

  1. It leads to inaccurate forecasts and projections.

  2. It makes it difficult to identify and prioritize development needs.

  3. It hampers the evaluation of the effectiveness of economic policies.

  4. All of the above


Correct Option: D
Explanation:

Inadequate data and information can lead to inaccurate forecasts and projections, making it difficult to identify and prioritize development needs. It also hampers the evaluation of the effectiveness of economic policies.

Which of the following is NOT a constraint on economic planning in India?

  1. Limited financial resources

  2. Scarcity of skilled manpower

  3. Inadequate infrastructure

  4. Favorable international economic environment


Correct Option: D
Explanation:

A favorable international economic environment is not a constraint on economic planning in India, but rather a factor that can contribute to the success of economic planning.

How does rapid population growth affect economic planning in India?

  1. It increases the demand for social services.

  2. It puts pressure on natural resources.

  3. It leads to a shortage of employment opportunities.

  4. All of the above


Correct Option: D
Explanation:

Rapid population growth increases the demand for social services, puts pressure on natural resources, and leads to a shortage of employment opportunities, all of which pose challenges to economic planning.

Which of the following is NOT a suggestion for overcoming the challenges and constraints faced by economic planning in India?

  1. Improving data collection and analysis

  2. Investing in education and skill development

  3. Promoting foreign direct investment

  4. Reducing government expenditure


Correct Option: D
Explanation:

Reducing government expenditure is not a suggestion for overcoming the challenges and constraints faced by economic planning in India, but rather a measure that could potentially exacerbate the challenges.

How can improving data collection and analysis contribute to effective economic planning in India?

  1. It enables more accurate forecasting and projections.

  2. It helps identify and prioritize development needs more effectively.

  3. It facilitates the evaluation of the effectiveness of economic policies.

  4. All of the above


Correct Option: D
Explanation:

Improving data collection and analysis can lead to more accurate forecasting and projections, help identify and prioritize development needs more effectively, and facilitate the evaluation of the effectiveness of economic policies.

Which of the following is NOT a benefit of investing in education and skill development in the context of economic planning in India?

  1. It increases the supply of skilled labor.

  2. It improves the quality of the workforce.

  3. It reduces unemployment.

  4. It decreases the demand for social services


Correct Option:
Explanation:

Investing in education and skill development does not decrease the demand for social services, but rather increases the demand for higher-quality social services.

How can promoting foreign direct investment contribute to economic planning in India?

  1. It brings in additional financial resources.

  2. It transfers new technologies and skills.

  3. It creates employment opportunities.

  4. All of the above


Correct Option: D
Explanation:

Promoting foreign direct investment can bring in additional financial resources, transfer new technologies and skills, and create employment opportunities, all of which can contribute to economic planning.

Which of the following is NOT a challenge posed by inadequate infrastructure to economic planning in India?

  1. It hampers the movement of goods and people.

  2. It increases the cost of doing business.

  3. It reduces the efficiency of production.

  4. It improves the quality of life


Correct Option:
Explanation:

Inadequate infrastructure does not improve the quality of life, but rather hinders it.

How can economic planning in India be made more effective?

  1. By involving stakeholders in the planning process.

  2. By ensuring transparency and accountability in the implementation of plans.

  3. By regularly monitoring and evaluating the progress of plans.

  4. All of the above


Correct Option: D
Explanation:

Involving stakeholders, ensuring transparency and accountability, and regularly monitoring and evaluating progress are all essential for making economic planning in India more effective.

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