The economy of India had undergone significant policy shifts in the beginning of the 1990's at the time of eighth plan.

Correct Option: C

The economy of India had undergone significant policy shifts in the beginning of the 1990's at the time of eighth plan. This new model of economic reforms is commonly known as the LPG or Liberalization Privatization and Globalization model. LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time. Moreover the Eighth plan envisaged an annual average growth rate of 5.6% but real growth rate and 6.8%.

The highest body of planning in India is not planning commission but parliament followed by NDC.

Correct Option: B

The highest body of planning in India is not planning commission but parliament followed by NDC. The secretary of the planning commission of India is also the secretary of the National Development Council of India.

The planning of India derives its objectives and social premises followed by the directive principles of state policy. The Directive Principles of state policy are guidelines to the central and state governments, to be kept in mind while framing laws and policies. These provision, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles had down therein are considered fundamental in the governance of the country.

Correct Option: C

The planning of India derives its objectives and social premises followed by the directive principles of state policy. The Directive Principles of state policy are guidelines to the central and state governments, to be kept in mind while framing laws and policies. These provision, contained in Part IV of the Constitution of India, are not enforceable by any court, but the principles had down therein are considered fundamental in the governance of the country.

Provision of Urban Amenities to Rural Areas (PURA) is a strategy for rural development in India to bridge the gap between rural and urban India. This concept was given by former president Dr. A.P.J. Abdul Kalam. PURA proposes that urban infrastructure and services be provided in rural hubs to create economic opportunities outside to cities.

Correct Option: C

Provision of Urban Amenities to Rural Areas (PURA) is a strategy for rural development in India to bridge the gap between rural and urban India.

During the Eighth Five year Plan, the Indian Economy adopted the indicative planning model. 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. When utilizing indicative planning, the state employs “influence, subsidies, grants, and taxes.

Correct Option: C

During the Eighth Five year Plan, the Indian Economy adopted the indicative planning model. 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. When utilizing indicative planning, the state employs “influence, subsidies, grants, and taxes.