Question
In Which Five Year Plan India Opted for Mixed Economy?
Solution
The Second Plan was particularly in the development of the public sector and "rapid Industrialisation". The plan followed the Mahalanobis model, an economic development model developed by the Indian statistician Prasanta Chandra Mahalanobis in 1953. The plan attempted to determine the optimal allocation of investment between productive sectors in order to maximise long-run economic growth. It used the prevalent state of art techniques of operations research and optimization as well as the novel applications of statistical models developed at the Indian Statistical Institute. The plan assumed a closed economy in which the main trading activity would be centred on importing capital goods.
Non programmed decisions are most likely to be made by:
Decision making is an important part of management functions. Which of the following functions it is most closely related to?
__________ emerges when decision makers have limits on their ability to assimilate large amounts of information.
Decision Matrix is a type of __________ technique of decision making.
_________ is a branched flowchart showing multiple pathways for potential decisions and outcomes.
What criterion is essential when selecting the best solution in decision-making?
When people take decisions based on the most currently presented items or experiences, it is called _____
Which of the following will not be part of Rational decision making?
Which of the following best describes the normative model of decision making?
What is the benefit of using problem-solving techniques, such as the 5 Whys?
