MCQOPTIONS
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MCQOPTIONS
This section includes 137 Mcqs, each offering curated multiple-choice questions to sharpen your Indian Economy knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Consider the following two statement and answer the question -I. The rural poverty alleviation program will henceforth run on mission mode.II. National Rural Livelihood Mission is centrally sponsored program implemented by the states. |
| A. | Only I is correct |
| B. | Only II is correct |
| C. | Both I and II are correct |
| D. | None is correct |
| Answer» D. None is correct | |
| 2. |
Consider the following statements:(1) Indo-china war had hampered the proper progress and implementation of Fourth Five Year Plan in India.(2) In the Indian Economy, the plan Holiday took place during 1966 to 1969 Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 3. |
Consider the following statements : (1) The Fourth Five year Plan period is from 1966-71. (2) The Fourth Five Year Plan sought to raise the standard of living through programmed designed to promote equality and social justice. Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 4. |
Consider the following statements: (1) Jawahar Rozgar Yojana was launched in the Seventh five Year Plan.(2) Small-scale and food processing industries were given new impetus in Seventh Five Year Plan.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 5. |
Consider the following statements:(1) The growth of wire line telephone connections in the last five years is decreasing every year(2) The share of private operations in the wireless telephone in India is more than 85%. Which of the following statements above is/are correct |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 6. |
Consider the following statements:(1) The Ninth Five Year Plan was launched int he 50th year of India's independence.(2) For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 7. |
Which of the following can aid in furthering the Government's objective of inclusive growth?(1) promoting self help group (2) promoting micro, small and medium (3) Implanting the Right to Education Act Select the correct answer using the codes given below: |
| A. | 1 only |
| B. | 1 and 2 only |
| C. | 2 and 3 only |
| D. | 1, 2 and 3 |
| Answer» E. | |
| 8. |
Consider the following statements :(1). MNREGA was launched in the 11th five year plan.(2). Indira Awas Yojana was launched in the 9th Five Year Plan. Which of the statements given above is/are correct? |
| A. | only 1 |
| B. | only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2. |
| Answer» C. Both 1 and 2 | |
| 9. |
Which of the following is the objective of Quantitative easing, an unconventional monetary policy ?I. to increase the money supply .II. to decrease the interest rate . |
| A. | Only I is true |
| B. | Only II is true |
| C. | Both I & II are true |
| D. | Neither I nor II are true |
| Answer» B. Only II is true | |
| 10. |
Planning was considered a prerequisite : (1) For balanced socio- economic development (2) For extending the benefits of development in an even manner. (3) For focusing on removal of regional disparities (4) For maximizing the utilization of available resources Select the correct answers using the codes given below. Codes : |
| A. | 1 and 2 |
| B. | 1, 2 and 3 |
| C. | 2, 3 and 4 |
| D. | All the above |
| Answer» D. All the above | |
| 11. |
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development? |
| A. | Third Five Year Plan |
| B. | Fifth Five Year Plan |
| C. | Sixth Five Year Plan |
| D. | Eighth Five Year plan |
| Answer» D. Eighth Five Year plan | |
| 12. |
Consider the following statements:(1) PURA model of economic model was advocated by Dr. APJ Abdul Kalam.(2) PURA model of economic development is mainly aimed to bridge the gap between rural-urban divide. Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | both 1 and 2 |
| D. | Neither 1 nor2 |
| Answer» D. Neither 1 nor2 | |
| 13. |
Consider the following statements:(1) The state sets Broad Parameters and goals for the economy. (2) The targets to be achieved are broadly set by the state.(3) the plan is made for the specific time period of about 15 years. Which of the statements given above is/are correct about the Indicative planning? |
| A. | 1, 2 and 3 |
| B. | 1 and 2 |
| C. | 1 and 3 |
| D. | only 1 |
| Answer» C. 1 and 3 | |
| 14. |
Consider the following statements about the LPG model of economic development process in India?(1) Disinvestment of profit making public sector Enterprises.(2) Permitting private sectors to establish Industrial Units without taking a licence.(3) Chronically sick industries were referred to BIFR for the formulation of revival or rehabilitation plan.Which of the processes given above is/are taken after adoption of LPG model? |
| A. | 1, 2 and 3 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | only 2 |
| Answer» B. 1 and 3 | |
| 15. |
Consider the following facts about the Center's Rural Connectivity SchemeI. MGNREGA beneficiaries will get a cellular phone and a connection by paying a one time fee of 300.II. A fee recharge of 30 will be provided by the BSNL on the first day of every month for two years. III. The recharge will entitle them to a 30 minute talk time, 30 SMS text message and 30 MB of data usage. IV. The mobile handset and connection will be provided to a women in the eligible family. The correct answer is |
| A. | Only I and II |
| B. | I, II and III |
| C. | I, II and III |
| D. | I, II, III and IV |
| Answer» E. | |
| 16. |
Consider the following statements :(1) In the history of Indian planning, the actual growth rate of the GDP has never been higher then the targeted growth rate.(2) In the first fiver year plan, the actual GDP growth rate was more then the targeted growth rate. Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 17. |
Consider the following statements:(1) The National Development Council (NDC) was constituted in 1948.(2) The National Development Council (NDC) is an extra-constitutional body.Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 18. |
Consider the following economic processes taking place in India Economy :(1) Import of western culture through the mass media and telecommunication system in India. (2) Establishment of factory limits of MNCs in India. (3) Acquisition of branded foreign companies by Indian business tycoons. Which of the economic processes given above is/are encompassed under globalization? |
| A. | 1, 2 and 3 |
| B. | 1 and 3 |
| C. | 2 and 3 |
| D. | only 2 |
| Answer» B. 1 and 3 | |
| 19. |
Consider the following statements :(1) LPG model of Indian Economy was fully implemented in Eighth Five Year plan.(2) The fifth plan envisaged an annual average growth rate of 5.6% but real growth rate was 6.8%. Which of the statements given above is/are correct? |
| A. | only 1 |
| B. | only 2 |
| C. | Both 1 and 2. |
| D. | Neither 1 nor 2 |
| Answer» D. Neither 1 nor 2 | |
| 20. |
Consider the following statements: (1) The highest body for the planning in India is the planning commission of India. (2) The secretary of the planning commission of India is also the secretary of the National Development Council of India. Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 21. |
Who was the author of the book 'Planned Economy for India'? |
| A. | Vishveswaraiyya |
| B. | J.L. Nehru |
| C. | P.C. Mahalnobis |
| D. | None of these |
| Answer» B. J.L. Nehru | |
| 22. |
In which year 'Bombay plan' was launched by some industrialists? |
| A. | 1942 |
| B. | 1943 |
| C. | 1944 |
| D. | 1945 |
| Answer» D. 1945 | |
| 23. |
Consider the following statement:(1) In the 11th Five year plan, the growth rate of the agriculture sector was above 4%.(2) In the 11th Five Year Plan, the agriculture sector contributed more than 25% in the overall GDP of India. Which of the statements given above is/are correct? |
| A. | only 1 |
| B. | only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 24. |
Indian economy has witnessed highest growth rate in GDP in the year |
| A. | 2003-04 |
| B. | 2004-05 |
| C. | 2005-06 |
| D. | 2006-07 |
| Answer» E. | |
| 25. |
Consider the following statements about Indian Economy? (1) During 11th Five Year Plan, the food grain production steadily increased. (2) During 11th Five Year Plan, the average inflation on the wholesale price Index is above 10%. Which of the statements given above is/are correct? |
| A. | only 1 |
| B. | only 2 |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» E. | |
| 26. |
consider the following statements:(1) In the 11th Five year Plan, the growth rate of the export was always positive.(2) in the middle of the 11th Five Year Plan, the import growth was negative due to external factors. Which of the statements given above is/are correct? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Neither 1 nor 2 |
| Answer» C. Both 1 and 2 | |
| 27. |
Consider the following components of the PURA model of economic development:(1) Facilitating road connectivity in villages. (2) Enhancement of electricity in rural areas.(3) Establishment of cyber cafes in villages (4) Construction of hospitals in rural areas Which of the components given above is/are the major connectivity formulated by the PURA model? |
| A. | 1 and 4 |
| B. | 1,2 and 4 |
| C. | 1, and 3 |
| D. | 1, 2, 3 and 4 |
| Answer» E. | |
| 28. |
National horticulture mission was launched in which of the following five year planning |
| A. | Ninth Five Year Plan |
| B. | Tenth Five Year Plan |
| C. | Eleventh Five Year Plan |
| D. | None of these |
| Answer» C. Eleventh Five Year Plan | |
| 29. |
The period of Plan holiday in India was |
| A. | 1962 - 65 |
| B. | 1966 - 69 |
| C. | 1970 - 73 |
| D. | 1973 - 76 |
| Answer» C. 1970 - 73 | |
| 30. |
The Rolling Plan for backward countries was suggested by |
| A. | Gunnar Myrdal |
| B. | W.A. Lewis |
| C. | R. Nurkse |
| D. | A. Samuelson |
| Answer» B. W.A. Lewis | |
| 31. |
The Economic Planning Committee was established in the chairmanship of |
| A. | J.L. Nehru |
| B. | Dr. Rajendra Prasad |
| C. | Ramkrishna Mudaliyar |
| D. | K.C. Niyogi |
| Answer» B. Dr. Rajendra Prasad | |
| 32. |
Who among the following has written the book named 'Indian Economy : Gandhian Blue print"? |
| A. | Achary Vinoba Bhav |
| B. | Morarji Desai |
| C. | Jai Prakesh Narayan |
| D. | Charan Singh |
| Answer» E. | |
| 33. |
The government introduced an agricultural strategy which gave rise to green revolution in India under the plan |
| A. | Third Five Year Plan |
| B. | Fourth Five Year Plan |
| C. | Fifth Five Year Plan |
| D. | Sixth Five Year Plan |
| Answer» B. Fourth Five Year Plan | |
| 34. |
The Notional Development Council (NDC) :1. discusses progress of the National plan. 2. suggests the ways to achieve goals of the national plan.3. gives guidelines to formulate the National plan.4. suggests plan allocation . Consider the above statements select the correct answer. |
| A. | 1 , 2 and 3 |
| B. | 2 , 3 and 4 |
| C. | 1 , 2 and 4 |
| D. | All of the above |
| Answer» B. 2 , 3 and 4 | |
| 35. |
The Rolling plan concept in National planning was introduced by |
| A. | Indira Gandhi Government |
| B. | The National Front Government |
| C. | The Janta Party Government |
| D. | Rajiv Gandhi Government |
| Answer» D. Rajiv Gandhi Government | |
| 36. |
The major emphasis on the first five year plan of India was |
| A. | agriculture |
| B. | employment |
| C. | industry |
| D. | export promotion |
| Answer» B. employment | |
| 37. |
Consider the following statements regarding Indian planning .(1) The second five year plan emphasized on the establishment of heavy industries. (2) The third five year plan aimed to achieve self - sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.which of the statements give above is / are correct ? |
| A. | 1 only |
| B. | 2 only |
| C. | Both 1 and 2 |
| D. | Nether 1 nor 2 |
| Answer» D. Nether 1 nor 2 | |
| 38. |
Which one of the following plans is also known as 'Gadgil Yojana' ? |
| A. | Third Five Year Plan |
| B. | Fourth Five Year Plan |
| C. | Fifth Five Year Plan |
| D. | Sixth Five Year Plan |
| Answer» B. Fourth Five Year Plan | |
| 39. |
Bharat Nirman Scheme of the UPA Government does not include? |
| A. | Rural Water Supply Project |
| B. | Irrigation Benefit Programme |
| C. | Rural Electrfication |
| D. | Sarva Shiksha Abhiyan |
| Answer» E. | |
| 40. |
Which one of the following was the first Chairman of Planning Commission of India ? |
| A. | Dr. Rajendra Prasad |
| B. | Pt. Jawaharlal Nehru |
| C. | Sardar Vallabhbhai Patel |
| D. | J.B. Kriplani |
| Answer» C. Sardar Vallabhbhai Patel | |
| 41. |
Which one of the following economists proposed the LPG model of economic development in India ? |
| A. | Y.B. Reddy |
| B. | K.V. Kamath |
| C. | Manmohan Singh |
| D. | None of these |
| Answer» D. None of these | |
| 42. |
In which of the following five year plans, the high yielding varieties programme (HYVP) was started in India ? |
| A. | Third plan |
| B. | Fourth Plan |
| C. | Fifth plan |
| D. | Sixth plan |
| Answer» B. Fourth Plan | |
| 43. |
The slogan of 'poverty abolition' was given in which Five year Plan? |
| A. | Second plan |
| B. | Fourth plan |
| C. | Fifth plan |
| D. | Sixth plan |
| Answer» D. Sixth plan | |
| 44. |
The Rolling plan of the Indian Economy was started in which year ? |
| A. | 1966 - 69 |
| B. | 1978 - 83 |
| C. | 1980 - 85 |
| D. | 2002 - 2007 |
| Answer» C. 1980 - 85 | |
| 45. |
Pan card issued by the Income Tax Department can't be used for which of the following purpose? |
| A. | proof of address |
| B. | proof of identity |
| C. | proof of registered tax payer |
| D. | proof of date of birth |
| Answer» B. proof of identity | |
| 46. |
In India, planned economy is based on? |
| A. | Gandhian system |
| B. | Socialist system |
| C. | Capitalist system |
| D. | Mixed economy system |
| Answer» E. | |
| 47. |
Golden Quadrangle project is associated with the development of |
| A. | Highways |
| B. | Ports |
| C. | Power Grids |
| D. | Tourism Network |
| Answer» B. Ports | |
| 48. |
Which of the following states was having the highets Human Development Index in the year 2012? |
| A. | Assam |
| B. | Kerala |
| C. | Uttar Pradesh |
| D. | Madhya Pradesh |
| Answer» C. Uttar Pradesh | |
| 49. |
Which of the following experienced the fastest expansion during the plan in India ? |
| A. | Agriculture |
| B. | Industry |
| C. | Services |
| D. | None of these |
| Answer» D. None of these | |
| 50. |
The provision behind the establishment of Planning Commission in 1950 was |
| A. | A constitutional amendment |
| B. | A supreme court order |
| C. | An executive order |
| D. | A decision by the parliament |
| Answer» D. A decision by the parliament | |