Plus Two / 12th Economics - Book Back Answers - Chapter 11 - English Medium
Chapter 11: Economics of Development and Planning
Tamil Nadu Board 12th Standard Economics - Chapter 11: Book Back Answers and Solutions
This post covers the book back answers and solutions for Chapter 11 from the Tamil Nadu State Board 12th Standard Economics textbook. These detailed answers have been carefully prepared by our expert teachers at KalviTips.com.
We have explained each answer in a simple, easy-to-understand format, highlighting important points step by step under the relevant subtopics. Students are advised to read and memorize these subtopics thoroughly. Once you understand the main concepts, you’ll be able to connect other related points with real-life examples and confidently present them in your tests and exams.
By going through this material, you’ll gain a strong understanding of Chapter 11 along with the corresponding book back questions and answers (PDF format).
Question Types Covered:
- 1 Mark Questions: Choose the correct answer, Fill in the blanks, Identify the correct statement, Match the following
- 2 Mark Questions: Answer briefly
- 3, 4, and 5 Mark Questions: Answer in detail
All answers are presented in a clear and student-friendly manner, focusing on key points to help you score full marks.
All the best, Class 12 students! Prepare well and aim for top scores. Thank you!
Chapter 11: Economics of Development and Planning
I. Choose the correct answer.
1. "Redistribution with Growth" became popular slogan of which approach?
a) Traditional approach
b) New welfare oriented approach
c) Industrial approach
d) None of the above
Answer Key:
b) New welfare oriented approach
2. Which is not the feature of economic growth?
a) Concerned with developed nations
b) Gradual change
c) Concerned with quantitative aspect
d) Wider concept
Answer Key:
d) Wider concept
3. Which among the following is a characteristic of underdevelopment?
a) Vicious circle of poverty
b) Rising mass consumption
c) Growth of Industries
d) High rate of urbanization
Answer Key:
a) Vicious circle of poverty
4. The non-economic determinant of economic development
a) Natural resources
b) Human resource
c) Capital formation
d) Foreign trade
Answer Key:
b) Human resource
5. Economic growth measures the _______
a) Growth of productivity
b) Increase in nominal income
c) Increase in output
d) None of the above
Answer Key:
c) Increase in output
6. The supply side vicious circle of poverty suggests that poor nations remain poor because
a) Saving remains low
b) Investment remains low
c) There is a lack of effective government
d) a and b above
Answer Key:
d) a and b above
7. Which of the following plan has focused on the agriculture and rural economy?
a) People’s Plan
b) Bombay Plan
c) Gandhian Plan
d) Vishveshwarayya Plan
Answer Key:
c) Gandhian Plan
8. Arrange the following plans in correct chronological order
a) People’s Plan
b) Bombay Plan
c) Jawaharlal Nehru Plan
d) Vishveshwarayya Plan
Answer choices
a) (i) (ii) (iii) (iv)
b) (iv) (iii) (ii) (i)
c) (i) (ii) (iv) (iii)
d) (ii) (i) (iv) (iii)
Answer Key:
b) (iv) (iii) (ii) (i)
9. M.N. Roy was associated with _______
a) Congress Plan
b) People’s Plan
c) Bombay Plan
d) None of the above
Answer Key:
b) People’s Plan
10. Which of the following country adopts indicative planning?
a) France
b) Germany
c) Italy
d) Russia
Answer Key:
a) France
11. Short-term plan is also known as______
a) Controlling Plans
b) De-controlling Plans
c) Rolling Plans
d) De-rolling Plans
Answer Key:
a) Controlling Plans
12. Long-term plan is also known as ________
a) Progressive Plans
b) Non-progressive Plans
c) Perspective Plans
d) Non-perspective Plans
Answer Key:
c) Perspective Plans
13. The basic philosophy behind longterm planning is to bring_______ changes in the economy?
a) Financial
b) Agricultural
c) Industrial
d) Structural
Answer Key:
d) Structural
14. Sarvodaya Plan was advocated by_________
a) Mahatma Gandhi
b) J.P. Narayan
c) S. N Agarwal
d) M.N. Roy
Answer Key:
b) J.P. Narayan
15. Planning Commission was set up in the year__________
a) 1950
b) 1951
c) 1947
d) 1948
e) Gandhian Plan
Answer Key:
a) 1950
16. Who wrote the book ‘The Road to Serfdom’?
a) Friedrich Hayek
b) H.R. Hicks
c) David Ricardo
d) Thomas Robert Malthus
Answer Key:
a) Friedrich Hayek
17. Perspective plan is also known as_______
a) Short-term plan
b) Medium-term plan
c) Long-term plan
d) None of the above
Answer Key:
c) Long-term plan
18. NITI Aayog is formed through___________
a) Presidential Ordinance
b) Allocation of business rules by President of India
c) Cabinet resolution
d) None of the above
Answer Key:
c) Cabinet resolution
19. Expansion of NITI Aayog?
a) National Institute to Transform India
b) National Institute for Transforming India
c) National Institution to Transform India
d) National Institution for Transforming India
Answer Key:
d) National Institution for Transforming India
20. The Chair Person of NITI Aayog is
a) Prime Minister
b) President
c) Vice – President
d) Finance Minister
Answer Key:
a) Prime Minister
a) Traditional approach
b) New welfare oriented approach
c) Industrial approach
d) None of the above
Answer Key:
b) New welfare oriented approach
2. Which is not the feature of economic growth?
a) Concerned with developed nations
b) Gradual change
c) Concerned with quantitative aspect
d) Wider concept
Answer Key:
d) Wider concept
3. Which among the following is a characteristic of underdevelopment?
a) Vicious circle of poverty
b) Rising mass consumption
c) Growth of Industries
d) High rate of urbanization
Answer Key:
a) Vicious circle of poverty
4. The non-economic determinant of economic development
a) Natural resources
b) Human resource
c) Capital formation
d) Foreign trade
Answer Key:
b) Human resource
5. Economic growth measures the _______
a) Growth of productivity
b) Increase in nominal income
c) Increase in output
d) None of the above
Answer Key:
c) Increase in output
6. The supply side vicious circle of poverty suggests that poor nations remain poor because
a) Saving remains low
b) Investment remains low
c) There is a lack of effective government
d) a and b above
Answer Key:
d) a and b above
7. Which of the following plan has focused on the agriculture and rural economy?
a) People’s Plan
b) Bombay Plan
c) Gandhian Plan
d) Vishveshwarayya Plan
Answer Key:
c) Gandhian Plan
8. Arrange the following plans in correct chronological order
a) People’s Plan
b) Bombay Plan
c) Jawaharlal Nehru Plan
d) Vishveshwarayya Plan
Answer choices
a) (i) (ii) (iii) (iv)
b) (iv) (iii) (ii) (i)
c) (i) (ii) (iv) (iii)
d) (ii) (i) (iv) (iii)
Answer Key:
b) (iv) (iii) (ii) (i)
9. M.N. Roy was associated with _______
a) Congress Plan
b) People’s Plan
c) Bombay Plan
d) None of the above
Answer Key:
b) People’s Plan
10. Which of the following country adopts indicative planning?
a) France
b) Germany
c) Italy
d) Russia
Answer Key:
a) France
11. Short-term plan is also known as______
a) Controlling Plans
b) De-controlling Plans
c) Rolling Plans
d) De-rolling Plans
Answer Key:
a) Controlling Plans
12. Long-term plan is also known as ________
a) Progressive Plans
b) Non-progressive Plans
c) Perspective Plans
d) Non-perspective Plans
Answer Key:
c) Perspective Plans
13. The basic philosophy behind longterm planning is to bring_______ changes in the economy?
a) Financial
b) Agricultural
c) Industrial
d) Structural
Answer Key:
d) Structural
14. Sarvodaya Plan was advocated by_________
a) Mahatma Gandhi
b) J.P. Narayan
c) S. N Agarwal
d) M.N. Roy
Answer Key:
b) J.P. Narayan
15. Planning Commission was set up in the year__________
a) 1950
b) 1951
c) 1947
d) 1948
e) Gandhian Plan
Answer Key:
a) 1950
16. Who wrote the book ‘The Road to Serfdom’?
a) Friedrich Hayek
b) H.R. Hicks
c) David Ricardo
d) Thomas Robert Malthus
Answer Key:
a) Friedrich Hayek
17. Perspective plan is also known as_______
a) Short-term plan
b) Medium-term plan
c) Long-term plan
d) None of the above
Answer Key:
c) Long-term plan
18. NITI Aayog is formed through___________
a) Presidential Ordinance
b) Allocation of business rules by President of India
c) Cabinet resolution
d) None of the above
Answer Key:
c) Cabinet resolution
19. Expansion of NITI Aayog?
a) National Institute to Transform India
b) National Institute for Transforming India
c) National Institution to Transform India
d) National Institution for Transforming India
Answer Key:
d) National Institution for Transforming India
20. The Chair Person of NITI Aayog is
a) Prime Minister
b) President
c) Vice – President
d) Finance Minister
Answer Key:
a) Prime Minister
II.Answer the following questions.
12th Economics (soon)
III. Answer the following questions.
12th Economics (Soon)
IV. Answer the following questions.
12th Economics (Soon)
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