MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The development of which sector was given the most emphasis in the Second Five Year Plan? |
| A. | Industry |
| B. | Agriculture |
| C. | Electricity |
| D. | Infrastructure |
| Answer» E. | |
| 2. |
Which of the following was not included in the three iron-steel plants established during the Second Five Year Plan? |
| A. | Durgapur |
| B. | Bokaro |
| C. | Bhilai |
| D. | Rourkela |
| Answer» C. Bhilai | |
| 3. |
On which part was the maximum outlay in the second five year plan? |
| A. | Industry |
| B. | heavy industry |
| C. | energy |
| D. | transport and communication |
| Answer» E. | |
| 4. |
The main objective of the second five year plan was |
| A. | Balanced development of agriculture and industry |
| B. | To make the country self-sufficient in the field of food |
| C. | To fulfill the unfulfilled objectives of the first five year plan |
| D. | To make a strong effort to provide the pace of self-development of the economy |
| Answer» E. | |
| 5. |
Which Five Year Plan of India was prepared by following theFeldman Planof 1928 of the Soviet Union? |
| A. | First |
| B. | Second |
| C. | third |
| D. | IV |
| Answer» C. third | |
| 6. |
During which five year plan the target on economic growth was not exceeded? |
| A. | First |
| B. | Second |
| C. | fifth |
| D. | Sixth |
| Answer» C. fifth | |
| 7. |
Which sector was given prominence in the first five year plan? |
| A. | Of the industrial sector |
| B. | to agriculture |
| C. | to service sector |
| D. | to export |
| Answer» C. to service sector | |
| 8. |
For what period was the continuous plan made? |
| A. | 1971 - 78 |
| B. | 1980 - 85 |
| C. | 1978 - 83 |
| D. | 1992 - 99 |
| Answer» D. 1992 - 99 | |
| 9. |
Who prepared the draft of second five year plan? |
| A. | b. N. gadgil |
| B. | b. K. R. V. Rao |
| C. | P . C . Mahalanobis |
| D. | C . N. lawyer |
| Answer» D. C . N. lawyer | |
| 10. |
On which model of development was the first five year plan based? |
| A. | First |
| B. | Second |
| C. | third |
| D. | IV |
| Answer» C. third | |
| 11. |
The planning holiday in India was |
| A. | After the 1962 Sino-India War |
| B. | After the 1966 drought |
| C. | After Bangladesh's independence in 1971 |
| D. | After the Indo-Pakistani War in 1965 |
| Answer» C. After Bangladesh's independence in 1971 | |
| 12. |
How many annual plans have been prepared by the Planning Commission so far? |
| A. | 3 , |
| B. | 5 , |
| C. | 7 , |
| D. | 10 , |
| Answer» D. 10 , | |
| 13. |
The total number of years covered in any five year plan at the beginning of the plan in India is - |
| A. | 3 , |
| B. | 5 , |
| C. | 6 , |
| D. | 7 , |
| Answer» D. 7 , | |
| 14. |
How many Five Year Plans have been prepared by the Planning Commission so far? |
| A. | 10 , |
| B. | 11 , |
| C. | 12 , |
| D. | 13 , |
| Answer» D. 13 , | |
| 15. |
Who was appointed as the executive member of the Planning and Development Department? |
| A. | Dr. Visvesvaraya |
| B. | Jawaharlal Nehru |
| C. | Mr. Manna Narayan |
| D. | order broker |
| Answer» E. | |
| 16. |
The subject of economic planning is - |
| A. | of union list |
| B. | of state list |
| C. | of concurrent list |
| D. | Not mentioned in any particular list |
| Answer» D. Not mentioned in any particular list | |
| 17. |
Which of the following economists first supported the concept ofrolling planfor developing countries? |
| A. | Paul A. Samuelson |
| B. | Gunnar Myrdal |
| C. | NS . lichtenstein |
| D. | J. K. Mehta |
| Answer» C. NS . lichtenstein | |
| 18. |
When did the planned economic development start in India? |
| A. | 1934 AD |
| B. | 1938 AD |
| C. | 1950 AD |
| D. | 1951 AD. |
| Answer» E. | |
| 19. |
When did the Government of India open a separate departmentPlanning and Development Department- |
| A. | 1934 AD |
| B. | 1938 AD |
| C. | 1944 AD |
| D. | 1945 AD |
| Answer» D. 1945 AD | |
| 20. |
The draft of the People's Plan was prepared by- |
| A. | order broker |
| B. | M . N. opinion |
| C. | Mr. Manna Narayan |
| D. | Jai Prakash Narayan |
| Answer» E. | |
| 21. |
Before independence, an economist Shriman Narayan had presented a plan of Rs 3000 crores. What name did he give to that plan? |
| A. | congress plan |
| B. | Gandhian plan |
| C. | Bombay Plan |
| D. | public plan |
| Answer» C. Bombay Plan | |
| 22. |
The person to be appointed as the chairman of the National Planning Committee was- |
| A. | Subhash Chandra Bose |
| B. | Jawaharlal Nehru |
| C. | V. K. R. V. Rao |
| D. | P . C . Mahalanobis |
| Answer» C. V. K. R. V. Rao | |
| 23. |
In 1944 some industrialists drafted a plan. What was the name of that plan? |
| A. | Bombay Plan |
| B. | public plan |
| C. | Gandhian plan |
| D. | Sarvodaya Yojana |
| Answer» B. public plan | |
| 24. |
Before independence Dr. M . Visvesvaraya presented a plan of planning in India. How old was this plan of his - |
| A. | 5 years old |
| B. | 7 year old |
| C. | 10 year old |
| D. | 15 year old |
| Answer» D. 15 year old | |
| 25. |
The five year plan in India is finally approved by- |
| A. | By the Union Cabinet |
| B. | By the President on the advice of the Prime Minister |
| C. | by planning commission |
| D. | national development council |
| Answer» E. | |
| 26. |
The highest body approving the five year plan is |
| A. | Planning Commission |
| B. | Central cabinet |
| C. | national development council |
| D. | Parliament |
| Answer» D. Parliament | |
| 27. |
When was the concept of planning accepted in India? |
| A. | 1947 AD |
| B. | 1950 AD |
| C. | 1951 AD. |
| D. | 1952 AD |
| Answer» C. 1951 AD. | |
| 28. |
Who approves the draft outline of the Five Year Plan? |
| A. | finance commission |
| B. | Planning Commission |
| C. | national development council |
| D. | Finance Ministry |
| Answer» D. Finance Ministry | |
| 29. |
The objectives of Indian planning are - |
| A. | increase in national income |
| B. | reducing inequalities in income and wealth |
| C. | Poverty alleviation |
| D. | all of which |
| Answer» E. | |
| 30. |
The main objectives of economic planning in India have been - |
| A. | economic growth and self-reliance |
| B. | Reduced economic inequalities with full employment |
| C. | poverty alleviation and modernization |
| D. | all of the suitable |
| Answer» E. | |
| 31. |
Which revenue earned by the Union Government is not distributed among the State Governments? |
| A. | excise duty |
| B. | Income tax |
| C. | Custom duty |
| D. | none of these |
| Answer» D. none of these | |
| 32. |
The expenditure of the Government of India is maximum due to subsidy on- |
| A. | L. P . G. |
| B. | food grains |
| C. | Fertilizer |
| D. | oil |
| Answer» E. | |
| 33. |
Economic Survey of India is published annually by- |
| A. | Finance Ministry |
| B. | ministry of economic affairs |
| C. | Ministry of Commerce |
| D. | C . s . O . |
| Answer» B. ministry of economic affairs | |
| 34. |
The nature of economic planning in India is |
| A. | decentralized |
| B. | instructional |
| C. | socialist and capitalist |
| D. | all of which |
| Answer» E. | |
| 35. |
Taxation is a tool |
| A. | of monetary policy |
| B. | of fiscal policy |
| C. | price policy |
| D. | of wage policy |
| Answer» C. price policy | |
| 36. |
Agricultural income tax in India can be levied by- |
| A. | by state governments |
| B. | By the Central Government |
| C. | By local government |
| D. | by central and state government |
| Answer» B. By the Central Government | |
| 37. |
Which one of the following objectives is not included in the fiscal policy of India? |
| A. | full employment |
| B. | price stability |
| C. | regulation of property and income |
| D. | regulation of international trade |
| Answer» E. | |
| 38. |
Which of the following group belongs to Central Tax? |
| A. | Excise duty, sales tax and customs duty |
| B. | excise duty, customs duty and income tax |
| C. | Income Tax, Customs Duty and House Tax |
| D. | Customs duty, entertainment tax and income tax |
| Answer» C. Income Tax, Customs Duty and House Tax | |
| 39. |
Which of the following sector pays the highest tax in India? |
| A. | agricultural sector |
| B. | Industrial Area |
| C. | transport sector |
| D. | banking sector |
| Answer» C. transport sector | |
| 40. |
The most important source of tax revenue of the Union Government is |
| A. | Income tax |
| B. | Custom duty |
| C. | goods and services Tax |
| D. | union excise duty |
| Answer» D. union excise duty | |
| 41. |
Which of the following tax is not levied by the Government of India? |
| A. | service tax |
| B. | education tax |
| C. | limit tax |
| D. | route tax |
| Answer» E. | |
| 42. |
Who is the super senior citizen of India as per budget 2012? |
| A. | Person who has attained the age of 80 years and above - |
| B. | Person who has attained the age of 65 years |
| C. | Person who has completed 60 years of age |
| D. | Person who has attained the age of 65 years and above |
| Answer» B. Person who has attained the age of 65 years | |
| 43. |
If the budget of the government is not passed by April 1, then on what basis is the government expenditure done? |
| A. | credit grant |
| B. | supplementary grant |
| C. | accounting grant |
| D. | none of the suitable |
| Answer» D. none of the suitable | |
| 44. |
Which tax is not collected by the Union Government? |
| A. | Corporation tax |
| B. | income tax on agricultural land |
| C. | Custom duty |
| D. | Income tax |
| Answer» C. Custom duty | |
| 45. |
Which tax was given constitutional status long after its implementation in a small form in 1994-95? |
| A. | Income tax |
| B. | Custom duty |
| C. | corporation tax |
| D. | tax on services |
| Answer» E. | |
| 46. |
Revised Value Added Tax is concerned with – |
| A. | sales tax |
| B. | wealth tax |
| C. | Income tax |
| D. | Excise duty |
| Answer» B. wealth tax | |
| 47. |
Which deficit contributes the most to the total deficit of the budget of the Government of India? |
| A. | revenue loss |
| B. | income expenditure deficit |
| C. | fiscal deficit |
| D. | primary deficit |
| Answer» D. primary deficit | |
| 48. |
The largest item of expenditure in the budget of the federal government in recent years has been |
| A. | defense expenditure |
| B. | payment of interest |
| C. | large production |
| D. | capital expenditures |
| Answer» C. large production | |
| 49. |
An underdeveloped country like India, which is determined to avoid both stagnation and inflation, will have to take measures to achieve which in greater and incremental amounts, that is - |
| A. | tax income |
| B. | non tax income |
| C. | loan |
| D. | Grant |
| Answer» B. non tax income | |
| 50. |
Which one of the following direct taxes gives the maximum revenue to the government? |
| A. | Corporation tax |
| B. | Income tax |
| C. | property tax |
| D. | by donating |
| Answer» B. Income tax | |