Top 80+ Solved Fundamentals of Indian Economy and Planning MCQ Questions Answer
Q. Economic Planning is a subject: [Asstt Grade 1991]
a. in the Union List
b. in the State List
c. in the Concurrent List
d. unspecified in any special list
Q. For internal financing of Five Year Plans, the government depends on: [NDA 1991]
a. taxation only
b. taxation and public borrowing
c. public borrowing and deficit financing
d. taxation, public borrowing and deficit financing
Q. The National Development Council gets its administrative support from:
a. Planning Commission
b. Finance Commission
c. Administrative Reforms Commission
d. Sarkaria Commission
Q. The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]
a. the public sector
b. the private sector
c. the public, private, joint and Cooperative sectors
d. increasing collaboration with non-resident Indians
Q. The Planning Commission is : [UP PCS 1994]
a. a Ministry
b. a Government department
c. an Advisory body
d. an Autonomous Corporation
Q. Which of the following statements is correct? [AAO 1993]
a. Planning Commission is a constitutional body
b. The Prime Minister is the Chairman of the Planning Commission
c. The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
d. The draft plan is prepared by the National Development Council
Q. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]
a. the vast quantity of capital already deployed in the public sector needs to be nurtured
b. the market economy is mainly confined to industry and commerce and central planning in agriculture is necessary
c. it is a constitutional requirement
d. Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions
Q. 'Take off stage' in an economy means: [CBI 1990]
a. steady growth begins
b. economy is stagnant
c. economy is about to collapse
d. all controls are removed
Q. Planning in India derives its objectives from:
a. Fundamental Rights
b. Directive Principles of State policy
c. Fundamental Duties
d. Preamble
Q. 70% of working population of India is engaged in:
a. public sector
b. primary sector
c. secondary sector
d. tertiary sector
Q. Economic survey is published by :[IAS 1998]
a. Ministry of Finance
b. Planning Commission
c. Govt. of India
d. Indian Statistical Institute
Q. Who is called the 'Father of Economics' ?
a. Max Muller
b. Karl Marx
c. Adam Smith
d. None of these
Q. The concept of Five Year Plans in India was introduced by
a. Lord Mountbatten
b. Jawaharlal Nehru
c. Indira Gandhi
d. Lal Bahadur Shastri
Q. India has: [CDS 1992]
a. Socialistic economy
b. Gandhian economy
c. Mixed economy
d. Free economy