Poverty in India — Economics STD 11 Commerce / Arts — Question

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.

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.

Arrange in proper order:
Growth of population in India
(a) Year of Great Divide
(b) Population explosion
(c) Marginal decline in population
(d) Increase in population

Employment Guarantee Scheme was started in the year ___________

Feature of Maharashtra Economy
(a) 2nd largest state in the country
(b) Most urbanized State.
(c) Unskilled manpower
(d) Most favoured destination for tourism

Secondary functions of money
(a) Standard of Deferred payments
(b) Store of value
(c) Medium of Exchange
(d) Transfer of value

Poverty is ____________ phenomenon. [a social/an economical/a political]

Difficulties in Barter System
(a) Problem of Double coincidence of wants
(b) Lack of common measure of value
(c) Difficulties in the storage of goods
(d) Divisibility of goods possible

Employment Guarantee scheme was first introduced in ___________