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UPSC Economics Poverty as a Challenge / एक चुनौती के रूप में गरीबी Question Bank Planning, Unemployment and Poverty in India

  • question_answer
    Consider the following statements :
    (1) The state sets broad parameters and goals for the economy.
    (2) The targets to be achieved are broadly set by the state.
    (3) The plan is made for the specific time period of about 15 years.
    Which of the statements given above is/are correct about the Indicative planning?

    A) 1, 2 and 3         

    B)        1 and 2

    C) 1 and 3            

    D)        only 1

    Correct Answer: B

    Solution :

    Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market and mixed economies in order to increase economic performance. Regarding the indicative planning, state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.


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