SSC CGL Economy – Planning in India & NITI Aayog – Level 3 · Challenge
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niti.gov.in: AIM – flagship initiative; DMEO – attached office; NILERD – autonomous body.
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SSC CGL Economy – Planning in India & NITI Aayog – Level 3 · Challenge – 8 questions, subject: Indian Economy. Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.
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1.
Statement-basedConsider the following.
I. The Planning Commission and NITI Aayog were both created by Cabinet resolutions.
II. Five-Year Plans were prepared by NITI Aayog till 2017.
III. NITI Aayog lays stress on plans formulated at the village level and aggregated upward.
Which are correct?
I. The Planning Commission and NITI Aayog were both created by Cabinet resolutions.
II. Five-Year Plans were prepared by NITI Aayog till 2017.
III. NITI Aayog lays stress on plans formulated at the village level and aggregated upward.
Which are correct?
Correct Answer: A [I and III only]
Explanation:
NITI never prepared Five-Year Plans; the 12th Plan was the Planning Commission's.
2.
An economy invests ₹ 720 crore and its output rises by ₹ 160 crore. Its ICOR is:
Correct Answer: D [4.5]
Explanation:
ICOR = ΔK ÷ ΔY = 720 ÷ 160 = 4.5.
3.
An economy saves 24% of its income. If its ICOR improves from 6 to 4, by how much does Harrod–Domar growth go up?
Correct Answer: D [2 percentage points]
Explanation:
24 ÷ 6 = 4% → 24 ÷ 4 = 6% → up 2 points.
4.
Which break in planning came right after the 7th Plan?
Correct Answer: C [Annual plans 1990–92]
Explanation:
Three Breaks Rule: after the 7th → annual plans 1990–92; the 8th began in 1992.
5.
Arrange in orderArrange the plans by their starting year:
I. Plan with the theme 'human development' II. Plan cut short in 1978 III. Plan based on the Mahalanobis model IV. The last Five-Year Plan
I. Plan with the theme 'human development' II. Plan cut short in 1978 III. Plan based on the Mahalanobis model IV. The last Five-Year Plan
Correct Answer: A [III, II, I, IV]
Explanation:
2nd (1956) → 5th (1974) → 8th (1992) → 12th (2012).
6.
The Metropolitan Planning Committee is provided for in which Article of the Constitution?
Correct Answer: B [Article 243ZE]
Explanation:
243ZD – District Planning Committee; 243ZE – Metropolitan Planning Committee; 280 – Finance Commission.
7.
Plan A: saving 30%, ICOR 6. Plan B: saving 21%, ICOR 3. Which statement is correct?
Correct Answer: B [B grows 2 percentage points faster than A]
Explanation:
A: 30 ÷ 6 = 5%; B: 21 ÷ 3 = 7%.
8.
Which of these was described on niti.gov.in (October 2026) as an attached office of NITI Aayog?
Correct Answer: A [DMEO (Development Monitoring and Evaluation Office)]
Explanation:
niti.gov.in: AIM – flagship initiative; DMEO – attached office; NILERD – autonomous body.
➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Indian Economy book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-indian-economy
📘 SSC CGL 2026 – Indian Economy (Tier I + Tier II)
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