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Econ 411: Development Planning Year 2008 Question Paper

Econ 411: Development Planning Year 2008

Course:Bachelor Of Commerce

Institution: Kabarak University question papers

Exam Year:2008

INSTRUCTIONS:
1. Answer QUESTION ONE and any other TWO questions.
2. Question One carries 30 marks and all other questions carry 20
marks each.

QUESTION 1
(a) Define planning and explain adequately the basic principles of a good
Development plan? (10mks)
(b) Explain the significance of Capital – Output ratio model in planning. What are
the limitations of this model in its applications in Less Developed Countries?
(10mks)
(c) Present a precise account on the differences in planning between collectivist and
the capitalist economies. (10mks)
QUESTION 2
Kenya’s first post-independence Development Plan (1964 – 1970) was later revised to
cover the period 1966 – 1970.
(a) What were the main objectives of this Development Plan? (8mks)
(b) Highlight the strategies contained in this Development Plan that were to be
executed in order to achieve its objectives. (10mks)
(c) To what extent did this Development plan satisfy the feasibility planning
criterion? (2mks)
QUESTION 3
(a) What is an economic system? (2mks)
(b) What are the disadvantages of a planned economic system? (8mks)
(c) What challenges are the planned economies facing in attempting to make
transition towards market oriented economic system? (10mks)
QUESTION 4
(a) Explain precisely why development planning is necessary in the Third World
countries (15mks)
(b) List at least five of the causes why planning process fails in the Third World
countries. (5mks)
QUESTION 5
(a) On what do the settings of priorities in development plan formulation depend?
(5mks)
(b) Planning models are not fully applicable in plan formulation in Less Developed
Countries but it is also true that no pan can be formulated without some
application of these models. What are the main considerations that have to be
taken into account when choosing planning methods?
(15mks)

Econ 411: Development Planning Year 2008 Question Paper

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