SSC CGL Economy – Planning in India & NITI Aayog – Tier II Level · Marathon
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1st (1951–56): agriculture, irrigation, power; 2nd (1956–61): Mahalanobis, heavy industry.
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SSC CGL Economy – Planning in India & NITI Aayog – Tier II Level · Marathon – 10 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.
Output is ₹ 5,000 crore and the capital–output ratio is 4. To grow by 5%, investment needed this year is:
Correct Answer: D [₹ 1,000 crore]
Explanation:
Extra output = ₹ 250 crore; investment = 4 × 250 = ₹ 1,000 crore.
2.
In the Harrod–Domar model, if the saving rate doubles and the capital–output ratio also doubles, the growth rate:
Correct Answer: C [remains the same]
Explanation:
g = s ÷ v; doubling both leaves the ratio unchanged.
3.
Indicative planning differs from imperative planning because in indicative planning:
Correct Answer: C [the State sets broad goals and guides the market]
Explanation:
Indicative = guidance; imperative = direction.
4.
Assertion–Reason
A: The Mahalanobis model gave priority to capital-goods industries.
R: Building capital goods first raises the economy's capacity to produce in the long run.
A: The Mahalanobis model gave priority to capital-goods industries.
R: Building capital goods first raises the economy's capacity to produce in the long run.
Correct Answer: B [Both A and R are true and R explains A]
Explanation:
Heavy-industry first was meant to raise long-run productive capacity.
5.
A lower incremental capital–output ratio means:
Correct Answer: D [capital is used more efficiently, so the same saving gives faster growth]
Explanation:
g = s ÷ ICOR; a lower ICOR raises g for given s.
6.
The Gandhian Plan (1944) was prepared by:
Correct Answer: A [Shriman Narayan Agarwal]
Explanation:
Gandhian Plan – Shriman Narayan Agarwal; People's Plan – M.N.
7.
Growth target 7.5%, ICOR 4.2. Required investment rate is:
Correct Answer: D [31.5%]
Explanation:
Answer: 31.5%. s = 7.5 × 4.2 = 31.5%.
8.
True/False countHow many of these were Five-Year Plan periods (not breaks)?
1956–61, 1966–69, 1980–85, 1990–92, 2007–12
1956–61, 1966–69, 1980–85, 1990–92, 2007–12
Correct Answer: B [Three]
Explanation:
Plans: 1956–61 (2nd), 1980–85 (6th), 2007–12 (11th); 1966–69 and 1990–92 are breaks.
9.
The first Vice Chairperson of NITI Aayog was:
Correct Answer: C [Arvind Panagariya]
Explanation:
Arvind Panagariya (2015); Gulzarilal Nanda was the first Deputy Chairman of the Planning Commission.
10.
Which statement on the 1st and 2nd Plans is correct?
Correct Answer: A [The 1st stressed agriculture; the 2nd stressed heavy industry]
Explanation:
1st (1951–56): agriculture, irrigation, power; 2nd (1956–61): Mahalanobis, heavy industry.
➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Indian Economy book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-indian-economy
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