Class 7 Social Science Chapter 19 Planning Budget and Development

Class 7 Social Science Chapter 19 Planning Budget and Development Question Answer in English Medium to each chapter is provided in the list so that you can easily browse throughout different chapters SEBA Class 7 Social Science Chapter 19 Planning Budget and Development Notes and select need one.

Class 7 Social Science Chapter 19 Planning Budget and Development

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Also, you can read the SCERT book online in these sections Solutions by Expert Teachers as per SCERT (CBSE) Book guidelines. These solutions are part of SCERT All Subject Solutions. Here we have given Geography, History, Political Science and Economics Assam Board Class 7 Social Science Chapter 19 Planning Budget and Development Solutions for All Subject, You can practice these here.

Planning Budget and Development

Chapter – 19

POLITICAL SCIENCE AND ECONOMICS

1. Give short answer:

(a) What is the meaning of savings?

Ans: Saving is the portion of income not spent on current expenditures. In other words, it is the money set aside for future use and not spent immediately. 

(b) What is planning?

Ans: Planning is deciding in advance what to do, how to do it, when to do it, and who should do it. 

(c) What is budget?

Ans: A budget is a financial plan that outlines the expected income and expenses for a defined period.

(d) What are welfare works?

Ans: Organized efforts by a community, organization, or individual for the social betterment and general improvement in the welfare of a group in society.

(e) In which year was the NITI aayog formed?

Ans: NITI aayog formed in the year 2015. 

2. Write answers:

(a) What type of works are given importance in a country’s planning? How do government generate fund to implement planned works.

Ans: The NITI Aayog advocates for the Central and State Governments to work together towards fruitful development policy. This Aayog provides skill and technology related advise to both the central and state government for proper implementation of important and fundamental policies. The Prime Minister of our country is bestowed with the responsibility of the NITI Aayog’s Director. In the next segments you will extensively learn about our country’s planning and different sides of the nation’s economic development.The source of the government taxes can be divided into two parts namely Tax Revenue and Non-Tax Revenue. The compulsory amount of money that is given to the government without any expectation of return is known as Tax. 

(b) What are the main objectives to be arrived at with India’s Five – Year Plan?

Ans: Five-Year Plan has been providing special interest to particular sector or objectives. For example: the First Five Year Plan (1951-1956) provided interest to the agricultural sector. Industrialisation was the prime objective of the second Five Year Plan (1956-1961). Likewise, the 12ª Five Year Plan provided major interest in sustainability and inclusive growth. During the time of the plans, several steps were taken towards economic development directed at eradication of poverty, employment generation, population control and building infrastructure. However, with the conclusion of the 12″ Five Year Plan (2012-2017) our country has dropped the Five- Year Plans. 

3. Choose the correct answer: 

(a) The chairman of the NITI Ayog is the-

(i) President.

(ii) Finance Minister.

(iii) Prime Minister.

(iv) Home Minister.

Ans: (iii) Prime Minister.

(b) The tenure for five year plan in –

(i) 4 years.

(ii) 6 years.

(iii) 8 years.

(iv) 5 years.

Ans: (iv) 5 years.

(c) To implement the plans the government requires.

(i) Agriculture.

(ii) Industries.

(iii) Fund.

(iv) Trade and commerce.

Ans: (iii) Fund.

(d) Which of the following is an example of non-tax revenue-

(i) Income tax.

(ii) Corporate Tax.

(iii) Goods and Services.

(iv) Fines.

Ans: (iv) Fines.

(e) Which of the following sectors got the utmost importance in the 12th Five Year Plan?

(i) Inclusive Growth.

(ii) Agriculture.

(iii) Industrialization.

(iv) Roads and Transportation.

Ans: (i) Inclusive Growth.

4. Fill in the blanks:

(a) For the peace and harmony of a family the _________ of every members should be respected. 

Ans: Opinions.

(b) Arunima is a _________ lady.

Ans: Courageous. 

(c) Every family has a specific _________ works to be done in a month.

Ans: Budget.

(d) To implement government planning a ___________ is prepared.

Ans: Strategy.

(e) The compulsory amount of money that is given to the government without any expectation of return is known as ____________.

Ans: Tax.

5. Project:

Prepare a plan for a function to be celebrated in your school. Also prepare a budget on various expenditures to be incurred for the function.

Ans: Students do yourself.