SEBA Class 7 Social Science (English Medium) Chapter 19 – Planning, Budget, and Development Solutions & Summary
Understand SEBA Class 7 Social Science Chapter 19 – “Planning, Budget, and Development“, which explains how economic planning, budgeting, and development shape a country’s progress.This chapter introduces economic planning, explaining how the government allocates resources for national growth. It covers the importance of budgeting in financial management at both personal and national levels. Students will also learn about different types of budgets, including surplus, deficit, and balanced budgets.
Key aspects like economic policies, government expenditures, revenue collection, and their impact on development projects are covered. The chapter also highlights how budgeting helps in poverty reduction, infrastructure development, and economic stability.
Our solutions include NCERT-based textbook answers, multiple-choice questions (MCQs), and a detailed chapter summary to help students grasp complex concepts and prepare effectively for exams.
Class 7 Social Science (English Medium) PDF Solutions 2025-26 | SCERT Assam
Get comprehensive solutions, PDFs, and MCQs for SEBA Class 7 Social Science in English Medium. This resource covers Geography, History, and Economics, providing chapter-wise explanations and practice materials to help students excel in their exams.
Class 7 Social Science
Chapter – 19 Ospin Academy
Planning Budget and Development
Exercise:
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.
Q1: What is the importance of planning in economic development?
A: Planning helps allocate resources efficiently, ensures growth in key sectors like agriculture, industry, and infrastructure, and improves the overall economy.
Q2: What are the different types of budgets?
A: The three main types of budgets are surplus budget (when income is higher than expenses), deficit budget (when expenses exceed income), and balanced budget (when income and expenses are equal).
Q3: How does the government generate revenue for the budget?
A: The government generates revenue through taxes, duties, foreign aid, and public sector earnings to fund development projects.
Q4: What is the role of budgeting in personal finance?
A: Budgeting helps individuals manage income, control expenses, save money, and plan for future financial needs.
Q5: Where can I find solutions for all Class 7 Social Science chapters?
A: To access solutions for all chapters, Click Here
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