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.
| 51. |
Which of the following is not covered under 'Bharat Nirman' ? |
| A. | Rural Housing |
| B. | Rural Hospitals |
| C. | Rural water Supply |
| D. | Rural Electrification |
| Answer» C. Rural water Supply | |
| 52. |
'Bharat Nirman' plan is associated with development of |
| A. | Urban infrastructure |
| B. | Rural infrastructure |
| C. | Information technology |
| D. | Bridges and roads |
| Answer» C. Information technology | |
| 53. |
The Rural infrastructure fund set up in 1995 - 96, is maintained by the |
| A. | Reserve Bank of India |
| B. | State Bank of India |
| C. | NABARD |
| D. | Regional Rural Bank |
| Answer» D. Regional Rural Bank | |
| 54. |
The term stagflation refers to a situation where |
| A. | growth has no relation with the change in price |
| B. | rate of growth and prices both are decreasing |
| C. | rate of growth is faster than the rate of price increase |
| D. | rate of growth is slower than the rate of price increase |
| Answer» E. | |
| 55. |
During period of inflation, rates should |
| A. | Increase |
| B. | Decrease |
| C. | Remain constant |
| D. | Fluctuate |
| Answer» B. Decrease | |
| 56. |
Which of the following terms is not a financial term? |
| A. | Investment |
| B. | Core banking solution |
| C. | RTGS |
| D. | All the above |
| Answer» E. | |
| 57. |
During which Five Year Plan, the price level in Indian economy showed a decline ? |
| A. | Plan I |
| B. | Plan II |
| C. | Plan IV |
| D. | Annual plans |
| Answer» B. Plan II | |
| 58. |
As per 13th Finance Commission Recommendations during 2010-15, transfers to the states from the central tax pool are expected to be - |
| A. | 44000 crore |
| B. | 164832 crore |
| C. | 318581 crore |
| D. | 107552 crore |
| Answer» D. 107552 crore | |
| 59. |
The major aim of devaluation is to |
| A. | Encourage exports |
| B. | Encourage imports |
| C. | Encourage both exports and imports |
| D. | Discourage both exports and imports |
| Answer» B. Encourage imports | |
| 60. |
Devaluation usually causes the internal price to |
| A. | Fall |
| B. | Rise |
| C. | Remain unchanged |
| D. | None of these |
| Answer» D. None of these | |
| 61. |
The process of curing inflation by reducing money supply is called |
| A. | Cost-push inflation |
| B. | Down-pull inflation |
| C. | Disinflation |
| D. | Reflation |
| Answer» D. Reflation | |
| 62. |
Devaluation of currency leads to |
| A. | expansion of export trade |
| B. | contraction of import trade |
| C. | expansion of import substituting |
| D. | all of the above |
| Answer» E. | |
| 63. |
The prominent economist Bibek Debroy and V K Saraswat were appointed as full time members of NITI Aayog. Who is V K Saraswat ? |
| A. | Former DRDO chief |
| B. | Former ISRO chief |
| C. | Former Finance Secretary |
| D. | Former Defence Minister |
| Answer» B. Former ISRO chief | |
| 64. |
Who presides over National Development Council ? |
| A. | Home Minister |
| B. | Prime Minister |
| C. | Vice-President |
| D. | Governor |
| Answer» C. Vice-President | |
| 65. |
Mahalanobis Commitee was appointed on to deal with |
| A. | Poverty eradication |
| B. | Standard of Living |
| C. | National Income |
| D. | Industrial sickness |
| Answer» D. Industrial sickness | |
| 66. |
Planning Commission has been replaced by which of the given institutions ? |
| A. | Finance Commission of India |
| B. | Investement Commission of India |
| C. | NITI Aayog |
| D. | None of these |
| Answer» D. None of these | |
| 67. |
The concept of Economic Planning in India is derived from which country ? |
| A. | USA |
| B. | UK |
| C. | Russia |
| D. | France |
| Answer» D. France | |
| 68. |
When economic development takes place |
| A. | Specialisation increases |
| B. | Commercialisation decreases |
| C. | Market imperfections increases |
| D. | None of the above |
| Answer» B. Commercialisation decreases | |
| 69. |
In which year was the 20 point economic programme was announced for the very first time ? |
| A. | 1975 |
| B. | 2006 |
| C. | 1986 |
| D. | 1982 |
| Answer» B. 2006 | |
| 70. |
How many Ex-officio members can be selected from the Union Council of Minsters to be nominated by the Prime Minister in Niti Aoyog ? |
| A. | 4 |
| B. | 5 |
| C. | 7 |
| D. | 8 |
| Answer» B. 5 | |
| 71. |
Who among the following is not made a special invitee to the Niti Aayog ? |
| A. | Arjun Jaitley |
| B. | Nitin Gadkari |
| C. | Smriti Irani |
| D. | Thawar Chand Gehlot |
| Answer» B. Nitin Gadkari | |
| 72. |
How many part-time members are there in Niti Aayog ? |
| A. | 3 |
| B. | 5 |
| C. | 6 |
| D. | 2 |
| Answer» E. | |
| 73. |
Who is the current CEO of Niti Aayog ? |
| A. | Arvind Mayaram |
| B. | Rajiv Meharshi. |
| C. | Sindhushree Khullar |
| D. | Sudha Pillai |
| Answer» D. Sudha Pillai | |
| 74. |
Niti Aayog comes into effect from |
| A. | 1 April 2015 |
| B. | 1 April 2014 |
| C. | 1 January 2015 |
| D. | 1 January 2014 |
| Answer» D. 1 January 2014 | |
| 75. |
Who amongst the following has been appointed as the Vice Chairman of NITI Aayog ? |
| A. | Pravin Krishna |
| B. | jagdish Bhagwati |
| C. | Arvind Panagariya |
| D. | T.N. Srinivasan |
| Answer» D. T.N. Srinivasan | |
| 76. |
Who can become a part-time member of the Niti Aayog ? |
| A. | A serving IES officer |
| B. | A serving IAS officer |
| C. | A Union Minister |
| D. | An expert from research institutes |
| Answer» E. | |
| 77. |
9th Plan in India covers the period of |
| A. | 1990-1995 |
| B. | 1992-1997 |
| C. | 1997-2002 |
| D. | None of these |
| Answer» D. None of these | |
| 78. |
Final clearance to planning is given by |
| A. | central co-operative Bank |
| B. | National co-operative Bank |
| C. | National Development Council |
| D. | None of these |
| Answer» D. None of these | |
| 79. |
When was the Planning Commission established? |
| A. | 10th March, 1950 |
| B. | 15th March, 1950 |
| C. | 20th March, 1950 |
| D. | 16th March, 1951 |
| Answer» C. 20th March, 1950 | |
| 80. |
The Rolling Plan concept in national planning was introduced by |
| A. | Indira Gandhi Government |
| B. | The National Front Government |
| C. | The Janata Party Government |
| D. | Rajiv Gandhi Government |
| Answer» D. Rajiv Gandhi Government | |
| 81. |
Which one of the following Fiver Year Plans of India had growth with social justice and equality for achieving its goal as the main focus? |
| A. | VI |
| B. | VII |
| C. | VIII |
| D. | IX |
| Answer» C. VIII | |
| 82. |
Which one of the following pairs is NOT correctly matched? |
| A. | First Five Year Plan : 1951-56 |
| B. | Third Five Year Plan : 1961-66 |
| C. | Fifth Five Year Plan : 1974-79 |
| D. | Ninth Five Year Plan : 1966-2001 |
| Answer» E. | |
| 83. |
Whose name is associated with formulation of Planning Strategy in Second Five Year Plan? |
| A. | Mahatma Gandhi |
| B. | Jawahar Lal Nehru |
| C. | Prasanta Chandra (P.C.) Mahalanobis |
| D. | B.R. Shenoy |
| Answer» D. B.R. Shenoy | |
| 84. |
Which is the highest body that approves Five Years Plans in the country? |
| A. | Planning Commission |
| B. | Union Cabinet |
| C. | Parliament |
| D. | National Development Council |
| Answer» E. | |
| 85. |
In India, the concept of 'minimum needs' and 'directed ant-poverty programmes' were the innovation of |
| A. | Fourth Five Year Plan |
| B. | Fifth Five Year Plan |
| C. | Sixth Five Year Plan |
| D. | Seventh Five Year Plan |
| Answer» C. Sixth Five Year Plan | |
| 86. |
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 | |
| 87. |
Primary emphasis during Second Plan was laid on the development of |
| A. | Rural Areas |
| B. | Basic and Key industries |
| C. | Foreign Trade |
| D. | Consumer industries |
| Answer» C. Foreign Trade | |
| 88. |
Which of the following is an extra-constitutional body? |
| A. | Union Public Service Commission |
| B. | Finance Commission |
| C. | Election Commission |
| D. | Planning Commission |
| Answer» E. | |
| 89. |
Who presides over the National Development Council of India? |
| A. | Deputy Chairman of Planning Commission of India |
| B. | Prime Minister of India |
| C. | Finance Minister of India |
| D. | Vice President of India |
| Answer» C. Finance Minister of India | |
| 90. |
Which of the following is an extra-constitutional and non-statutory body? |
| A. | Planning commission |
| B. | Finance Commission |
| C. | Election Commission |
| D. | Union Public Service Commission |
| Answer» B. Finance Commission | |
| 91. |
Which Five Year Plan had an objective of 'Rapid industrialization' with particular emphasis on development of basic and heavy industries'? |
| A. | First |
| B. | Second |
| C. | Third |
| D. | Fourth |
| Answer» C. Third | |
| 92. |
Who of the following is Chairman of the planning Commission of India? |
| A. | Pro. A.M. Khusro |
| B. | N.K.P. Salve |
| C. | M.S. Ahluwalia |
| D. | None of the above |
| Answer» E. | |
| 93. |
Who was the First Chairman of Planning commission of India? |
| A. | M. Viswesvarya |
| B. | Pt. Jawahar Lal Nehru |
| C. | P.C. Mahalanobis |
| D. | John Mathai |
| Answer» C. P.C. Mahalanobis | |
| 94. |
Planning in India, in real sense, began with the Second Five Year Plan. Who was the architect of Indian Planning? |
| A. | Jawahar Lal Nehru |
| B. | Morarji Desai |
| C. | C.D. Deshmukh |
| D. | P.C. Mahalanobis |
| Answer» E. | |
| 95. |
A rolling plan refers to a plan which |
| A. | does not change its targets every year |
| B. | changes its allocations every year |
| C. | changes its allocations and targets every year |
| D. | changes only its targets every year |
| Answer» D. changes only its targets every year | |
| 96. |
Which of the final authority in India to approve Five Year Plans? |
| A. | Union Council of Ministers |
| B. | Planning Commission |
| C. | Prime Minister |
| D. | None of these |
| Answer» E. | |
| 97. |
National Horticulture Mission was launched in which of the following Five Year Plans? |
| 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 | |
| 98. |
'Twenty point Programme' (Beessutri Karyakrama) was first launched in the Year |
| A. | 1969 |
| B. | 1975 |
| C. | 1977 |
| D. | 1980 |
| Answer» C. 1977 | |
| 99. |
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 | |
| 100. |
Under which plan did the Government introduce an agricultural strategy which gave rise to Green Revolution? |
| A. | Second Five Year Plan |
| B. | Third Five Year Plan |
| C. | Fourth Five Year Plan |
| D. | Sixth Five Year Plan |
| Answer» C. Fourth Five Year Plan | |