LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.

Correct Option: A

LPG model of economic development process in India involves disinvestment of profit making public sector enterprises, permitting private sectors to establish industrial units without taking a licence and chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation.

The Bombay Plan is the name commonly given to a world War II-era consisting of a set of proposals for the development of the post-independence economy of India.

Correct Option: D

The Bombay Plan is the name commonly given to a world War II-era consisting of a set of proposals for the development of the post-independence economy of India. The plan, published in 1944/1945 was endorsed by eight leading Indian industrialists including Tata & Birla Group. Shri Shriman Narayan was a renowned interpreter of Gandhian economic thought whose “Gandhian plan for Economic Development for India” was Published as early as 1944. In 1944, Roy published People’s Plan for Economic Development of India. Sarvodaya plan was given by Jai Prakash Narayan for upliftment of all.

Quantitative easing is distinguished from standard central banking monetary policies, which usually targets the inter bank interest rate.

Correct Option: A

Quantitative easing is distinguished from standard central banking monetary policies, which usually targets the inter-bank interest rate. When interest rates have been lowered to nearly zero(because of either deflation or extremely low money demand), when a large number of non-performing or defaulted loans prevent further lending (money supply growth) by member banks, and when the main systemic risk is a recession or depression because banks cannot lend any more money, then central banks need to implement a new set of tactics. These are Known as quantitative easing.
The central bank may enact quantitative easing by purchasing a predetermined quantity of bonds or other assets from financial institution without reference to the interest rate. The goal of this policy is to increase the money supply rather than to decrease the interest rate, which cannot be decreased further. This is often considered a last resort to stimulate the economy.

The Planning Commission is an institution which formulates India's Five-Year Plans, among other functions.

Correct Option: D

The Planning Commission is an institution which formulates India's Five-Year Plans, among other functions. It is headed by prime minister. However, its planning commission is not the highest decision-making body for planning in India. The highest body is parliament. Once the approach paper is prepared it has to get approval from NDC. After NDC approves it a draft plan is prepared by planning commission which finally is placed before Parliament and the plan becomes effective after parliament approves it .

Inclusive growth is a concept which involves equitable allocation of resources during the process of economic growth with benefits incurred by every section of society.

Correct Option: D

Inclusive growth is a concept which involves equitable allocation of resources during the process of economic growth with benefits incurred by every section of society. Inclusive growth necessitates development of infrastructural facilities, revival of agriculture and also increases availability of social services such as education and health .