790+ Indian Economy Solved MCQs

For internal financing of Five Year Plans, the government depends on: [NDA 1991]

The National Development Council gets its administrative support from:

The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]

The Planning Commission is : [UP PCS 1994]

Which of the following statements is correct? [AAO 1993]

The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]

'Take off stage' in an economy means: [CBI 1990]

Planning in India derives its objectives from:

70% of working population of India is engaged in:

Economic survey is published by :[IAS 1998]

Who is called the 'Father of Economics' ?

The concept of Five Year Plans in India was introduced by

India has: [CDS 1992]

India opted for 'Mixed Economy' in :

Mixed economy means an economy where [CDS 2009]

India's economic planning CANNOT be said to be : [NDA 2002]

Which of the following could be said to have prevented the 'trickle down' effects in Indian economy?
1. Increased dependence of agriculture on purchased inputs and privately managed irrigation
2. More employment of labour by larger landholding farmers
3. Lowered participation of women in agricultural workforce due to new technology
4. The failure of the Green Revolution

Which of the following are not correct assessments of the decades of India's Five-Year Plans? 1. There has been very low capital formation 2. Growth has favoured the better off 3. Production has increased substantially though often falling short of targets 4. The public sector has contributed nothing to economic growth

Who is the Deputy Chairman of Planning Commission?

The deputy chairman of the Planning Commission: [UP PCS 1994]

Who was the first Deputy Chairman of Planning Commission of India?

The Planning Commission of India:
I. was set up in 1950
II. is a constitutional body
III. is an advisory body
IV. is a government department

Put in chronological order
1. Constitution of National Planning Committee -by the Indian National Congress under Jawaharlal Nehru
2. Planned Economy for India by Visvesvaraya published
3. Bombay Plan
4. Setting up of the National Development Council

Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services

Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move Choose the correct answer from:

Consider the following statements: [IAS 2004]
1. The highest deciding body for planning in India is the Planning Commission of India.
2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council
3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India.
Which of the statements given above is/are correct?

The basic objectives of Indian planning are:
1. economic growth
2. self-reliance
3. employment generation
4. population growth

An underdeveloped economy is generally characterised by :
1. Iow per capita income
2. Iow rate of capital formation
3. Iow dependency figure
4. working force largely in the tertiary sector

Self-reliance in the economic context implies that a country:
1. meets its demands for all goods and services from its domestic production
2. exports some of its goods but does not need to import anything
3. has sufficient foreign exchange reserves to buy all its needs
4. meets its demand for certain vital goods and services from its domestic production

Which of the following gives an accurate measurement of economic development through Five Year Plans?

In India, the Public Sector is most dominant in : [IAS 1993]

The first attempt to initiate economic planning in India was made by:

The decentralisation system was recommended by :

The main objective of First Five-year Plan was:

India had a plan holiday: [CPO AC 2003]

Rolling plan was designed for the period: [IAS 2003]

'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]

A rolling plan was a plan for:

The basic feature of the Rolling Plans was that:

The growth rate of agricultural production was negative in the:

Which one of the following is the task of the Planning Commission? [NDA 1991]

Who wrote the book 'Planned Economy for India'?

'Globalisation of Indian Economy' means:

The contribution of agriculture to India's' economy is:

Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]

Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]

The basic difference between imperative and indicative planning is that: [IAS 1993]

Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices

Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins

Dadabhai Naoroji theorised on the drain of wealth from India in his book:

Which of the following may be termed as long-term objectives of Indian planning?
1. Self-reliance
2. Productive employment generation
3. Growth of 7 per cent per annum
4. Growth in infrastructure

Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]

In which of the Five Year Plans, preference was given to the weaker sections of the society ?

The Second Five Year Plan laid more stress upon:

The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990]

What is the correct sequence of the following strategies used for Five Year Plans in India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development

During which Five Year Plan was the total expenditure on agriculture the highest?

The objective of self-reliance and zero net foreign aid was declared in :

Who of the following was the author of the chapter on "Objectives of Planned Development" for the Third Five Year Plan? [IAS 2008]

In which one of the following five year plans the actual growth performance in India in respect of GDP (at factor cost) was less than the target set? [NDA 2008]

The 11th Five Year Plan strategy to raise agricultural output envisages which of the following?
1. Greater attention to land reforms.
2. Double the rate of growth of irrigated area.
3. Promote animal husbandry and fishery.
4. Interest free credit to the farmers.
Select the correct answer [CDS 2008]

Which of the statements given below is/are correct? [CDS 2008]
1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning Commission in India is a constitutional body.

Who among the following was the first Chairman of the Planning Commission? [CDS 2008]

Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]

Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]

Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India ? [IAS 2007]

____ is the ex-officio chairman of Planning Commission and National Development Council.

Which statement is correct for Indian Planning Commission?

Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011]

In the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in [IAS 2010]

In the context of Indian economy, consider the following pairs:
Term Most appropriate description
1. Melt down Fall in stock prices
2. Recession Fall in growth rate
3. Slow down Fall in GDP
Which of the pairs given above is/are correctly matched? [IAS 2010]

The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012]

Consider the following about the 'Rolling Plan':
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 years
Which of the above are correct? [BPSC 2011]

A "closed economy" is an economy in which [CSAT 2011]

In which Plan was the growth rate target exceeded?

Put in chronological order the following Special features/objectives of different Five Year Plans as they were first formulated:
1. Mahalanobis strategy
2. Modernisation
3. Removal of Poverty
4. Emphasis on employment generation

In India, the concepts of "minimum heeds" and "directed anti-poverty programmes" were the innovations of: [CDS 2004]

During which Plan did prices show a decline?

Success of 4th plan was obstructed by :

Chapter: Poverty, Unemployment and Alleviation Programmes

The 'Slack Season' in the Indian Economy is:

Consider the following statements:
1. The nation-wide scheme of the National Child Labour Projects (NCLP) is run by the Union Ministry of Social Justice and Empowerment.
2. Gurupadswamy Committee dealt with the issues of child labour.
Which of the statements given above is/are correct? [IAS 2007]

Which of the following groups of states has the largest concentration of rural poor and people living below the poverty line?

India's wage policy is based on : [Railways 1994]

Unemployment which occurs when workers move from one job to another job is known as : [IAS 1992]

The type of unemployment mostly found in India can be characterised as :

Disguised unemployment in India is mainly related to :
1. agricultural sector
2. rural area
3. factory sector
4. urban area

One of the reasons for India's occupational structure remaining more or less the same over the years has been that: [IAS 1995]

Which of the following is/are correct?
I. Bulk of unemployment in India is in rural areas
II. The disguised unemployment in agricultural sector is perennial
III. Industrialisation has rendered several people job-less in India

Among the reasons for disguised unemployment in the rural areas is :

Unemployment in a developing country generally takes place due to :

Cyclical unemployment refers to:

Persons below the poverty line in India are classified as such based on whether: [IAS 1999]

Which Committee's recommendations are being followed for estimating Poverty Line in India?

Consider the following statements:
Regional disparities in India are high and have been rising in recent years because:
1. There is persistent investment over time only in Select locales
2. Some areas are agro climatically less conducive to development
3. Some are as continue to face little or no aqrarian transformation and the consequent lack of social and economic opportunities
4. Some areas have faced continuous political instability.
Which of the above statements are correct?

Absolute Poverty means:

Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act" ? [CSAT 2011]

Poverty Gap is :

Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme [IGNOAPS]
1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible.
2. The Central Assistance under this Scheme is at the rate of Rs. 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts.
Which of the statements given above is/are correct? [IAS 2008]

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