MCQOPTIONS
Saved Bookmarks
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.
| 101. |
Perspective planning is the plan which is made for 15 to 20 years by the planing commission in view of the |
| A. | Agro objectives |
| B. | Social and political objectives |
| C. | Science objectives |
| D. | None of these |
| Answer» C. Science objectives | |
| 102. |
National Development Council (NDC) deals with |
| A. | The approval of Five Year plans |
| B. | Preparation of Development plans |
| C. | Rural Development Programme |
| D. | Poverty Alleviation Programme |
| Answer» B. Preparation of Development plans | |
| 103. |
During which Five Year Plan was the Emergency clamped, new elections took place and the Janata Party was elected? |
| A. | Third |
| B. | Fourth |
| C. | Fifth |
| D. | Sixth |
| Answer» D. Sixth | |
| 104. |
NABARD was established in the |
| A. | Fourth Five Year Plan |
| B. | Fifth Five Year Plan |
| C. | Sixth Five Year Plan |
| D. | Eighth Five Year Plan |
| Answer» D. Eighth Five Year Plan | |
| 105. |
The outline of Second Five Year Plan was made by |
| A. | B.N. Gadgil |
| B. | V.K.R.V. Rao |
| C. | P.C. Mahalanobis |
| D. | C.N.Vakil |
| Answer» D. C.N.Vakil | |
| 106. |
Economic Planning is in |
| A. | Union list |
| B. | State list |
| C. | Concurrent list |
| D. | not any specified list |
| Answer» D. not any specified list | |
| 107. |
The Eleventh Plan's objective is |
| A. | Removal of Poverty |
| B. | Inclusive growth |
| C. | Growth with social justice |
| D. | Development of minors |
| Answer» C. Growth with social justice | |
| 108. |
In the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis of heavy industries and move on infrastructure begins in |
| A. | Fourth Plan |
| B. | Sixth Plan |
| C. | Eighth Plan |
| D. | Tenth Plan |
| Answer» C. Eighth Plan | |
| 109. |
Which of the following is not an objective of India's economic planning? |
| A. | Self reliance |
| B. | Industrial growth |
| C. | Population Growth |
| D. | Employment generation |
| Answer» D. Employment generation | |
| 110. |
Durgapur, Bhibei and Rourkela iron steel plants were setup during which plan? |
| A. | Second |
| B. | First |
| C. | Four |
| D. | Third |
| Answer» C. Four | |
| 111. |
Planning was considered a prerequisite1. For balanced socio-economic development2. For extending the benefits of development in an even manner3. For focussing on removal of regional disparities4. For maximizing the utilization of available resourcesSelect the correct answer from the codes given belowCodes |
| A. | 1 and 2 |
| B. | 1, 2 and 3 |
| C. | 2, 3 and 4 |
| D. | All of these |
| Answer» E. | |
| 112. |
Consider the following statements regarding Indian Planning1. The Second Five Year Plan emphasized on the establishment of heavy industries2. The third Five Year Plan introduced the concept of import substitution as a strategy for industrializationWhich of the statements(s) 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 | |
| 113. |
Which of the following is/are included in 'Deficit Financing' in India, The term is used frequently in economic planning1. Borrowing from the Reserve Bank of India2. Issue of new currency notes3. Withdrawal of past balances/surpluses etc |
| A. | only 1 |
| B. | only 2 |
| C. | only 3 |
| D. | All 1, 2 and 3 |
| Answer» E. | |
| 114. |
Which Plan gave emphasis on removal of poverty for the first time? |
| A. | Fourth |
| B. | Fifth |
| C. | Sixth |
| D. | Seventh |
| Answer» C. Sixth | |
| 115. |
In the Post-independence period, economic reforms were first introduced in India under |
| A. | Janata Party Government (1977) |
| B. | Indira Gandhi Givernment (1980) |
| C. | Rajiv Gandhi Government (1985) |
| D. | P.V. Narasimha Rao Government (1990) |
| Answer» E. | |
| 116. |
National Development Council was constituted on |
| A. | August 16, 1950 |
| B. | April 1, 1951 |
| C. | August 6, 1952 |
| D. | August 16, 1952 |
| Answer» D. August 16, 1952 | |
| 117. |
The major emphasis in the First Five Year Plan was on |
| A. | Agriculture |
| B. | Employment generation |
| C. | Industry |
| D. | Export promotion |
| Answer» B. Employment generation | |
| 118. |
Inclusive growth would necessiate |
| A. | Development of infrastructural facilities |
| B. | Revival of Agriculture |
| C. | Increase availability of social service such as education and health |
| D. | All of these |
| Answer» E. | |
| 119. |
The planning Commission of India is |
| A. | A constitutional body |
| B. | An independent and autonomous body |
| C. | A Statutory body |
| D. | A non-statutory body |
| Answer» E. | |
| 120. |
In which Five Year Plan, Economic Development Rate was maximum? |
| A. | First Five Year Plan |
| B. | Fourth Five Year Plan |
| C. | Sixth Five Year Plan |
| D. | Tenth Five Year Plan |
| Answer» E. | |
| 121. |
The theme of the approach paper of the Eleventh Five Year Plan has been |
| A. | Indicative Planning |
| B. | Growth with social Justice |
| C. | Towards faster and more inclusive growth |
| D. | Planning for prosperity |
| Answer» D. Planning for prosperity | |
| 122. |
The Second Five Year Plan was based on |
| A. | Mahalanobis Model |
| B. | Vakil and Brahmananda's Wage-Goods Model |
| C. | Harrod-Domar Growth Model |
| D. | Solow Growth Model |
| Answer» B. Vakil and Brahmananda's Wage-Goods Model | |
| 123. |
Planning Commission was established in 1950 through |
| 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 | |
| 124. |
Inclusive growth as enunciated in the Eleventh Five Year Plan does NOT include one of the following |
| A. | Reduction of Poverty |
| B. | Extension of Employment opportunities |
| C. | Reduction of Gender inequality |
| D. | Strengthening of Capital market |
| Answer» E. | |
| 125. |
The slogen 'Garibi Hatao' (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 | |
| 126. |
Which of the following can aid in furthering the Government's objective of inclusive growth?1. Promoting Self Help Groups2. Promoting Micro, Small and Medium Enterprises3. Implementing the Rights to Education ActSelect 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. | |
| 127. |
In which one of year 'Rolling Plan' was on operation in India? |
| A. | 1968-69 |
| B. | 1978-79 |
| C. | 1988-89 |
| D. | 1990-91 |
| Answer» C. 1988-89 | |
| 128. |
The final authority in India to adopt the Five Year Plan for the country vests in |
| A. | The Planning Commission |
| B. | The National Development Council |
| C. | The Union Cabinet |
| D. | The Parliament |
| Answer» C. The Union Cabinet | |
| 129. |
Which of the following is NOT a constitutional organ? |
| A. | Election Commission |
| B. | Finance Commission |
| C. | Inter-State Council |
| D. | Planning Commission |
| Answer» E. | |
| 130. |
The iron and Steel plants of Rourkela and Durgapur Were conceived under the |
| A. | First Five Year Plan |
| B. | Second Five Year Plan |
| C. | Third Five Year Plan |
| D. | Fourth Five Year Plan |
| Answer» C. Third Five Year Plan | |
| 131. |
The real introduction of Decentralized Planning in India was made for the first time during the |
| A. | 7th Plan |
| B. | 8th Plan |
| C. | 9th Plan |
| D. | 10th Plan |
| Answer» D. 10th Plan | |
| 132. |
Only one of the following can be the ex-officio Chairman of the Planning Commission. He is the |
| A. | Minister for Planning and Development |
| B. | Home Minister |
| C. | Prime Minister |
| D. | Finance Minister |
| Answer» D. Finance Minister | |
| 133. |
Mahalanobis Model has been associated with which Five Year Plan? |
| A. | First Five Year Plan |
| B. | Second Five Year Plan |
| C. | Third Five Year Plan |
| D. | Fourth Five Year Plan |
| Answer» C. Third Five Year Plan | |
| 134. |
The Planning Commission of India was constituted in the year |
| A. | 1942 |
| B. | 1947 |
| C. | 1950 |
| D. | 1955 |
| Answer» D. 1955 | |
| 135. |
The period of the Eleventh Five Year Plan is |
| A. | 2005 to 2010 |
| B. | 2006 to 2011 |
| C. | 2007 to 2012 |
| D. | 2008 to 2013 |
| Answer» D. 2008 to 2013 | |
| 136. |
The National Development Council (NDC)1. Discusses progress of the National Plan2. suggests the way to achieve goals of the National Plan3. gives guidelines to formulate the National Plan4. Suggests plan allocationConsider the above statement, select the correct answer from the codes given belowCodes |
| A. | 1, 2 and 3 |
| B. | 2, 3 and 4 |
| C. | 1, 2 and 4 |
| D. | All of these |
| Answer» B. 2, 3 and 4 | |
| 137. |
The rolling plan concept in national planning was introduced by |
| A. | Indira Gandhi |
| B. | the National Front Government |
| C. | Janta Government |
| D. | Rajiv Gandhi |
| Answer» D. Rajiv Gandhi | |