Top 80+ Solved Fundamentals of Indian Economy and Planning MCQ Questions Answer
Q. India opted for 'Mixed Economy' in :
a. Framing of the Constitution
b. Second Five Year Plan
c. Industrial Policy of 1948
d. None of the above
Q. Mixed economy means an economy where [CDS 2009]
a. both agriculture and industry are equally promoted by the state
b. there is co-existence of public sector along with private sector
c. there is importance of small scale industries along with heavy industries
d. economy is controlled by military as well as civilian rulers
Q. India's economic planning CANNOT be said to be : [NDA 2002]
a. indicative
b. imperative
c. limited
d. democratic
Q. Which of the following could be said to have prevented the 'trickle down' effects inIndian 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
a. 1 and 2
b. 2 and 3
c. 1 and 3
d. 2 and 4
Q. Which of the following are not correct assessments of the decades of India's Five-YearPlans? 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
a. 1 and 4
b. 2 and 3
c. 1, 2 and 3
d. 3 and 4
Q. Who is the Deputy Chairman of Planning Commission?
a. Prime Minister
b. Finance Minister
c. Commerce Minister
d. None of the above
Q. The deputy chairman of the Planning Commission: [UP PCS 1994]
a. is the Prime Minister
b. is the Planning Minister
c. holds the rank of a cabinet minister
d. is an economist of repute
Q. Who was the first Deputy Chairman of Planning Commission of India?
a. Shri Jawaharlal Nehru
b. Dr.Rajendra Prasad
c. Shri V.T.Krishnamachari
d. Shri C.Rajagopalachari
Q. 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
a. I and II
b. II and III
c. I and III
d. III only
Q. 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
a. 1, 2, 3, 4
b. 3, 2, 4, 1
c. 2, 3, 1, 4
d. 2, 1, 3, 4
Q. 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:
a. 1, 2 and 4
b. 1 and 2
c. 1, 2, 3 and 4
d. 2, 3 and 4
Q. The basic objectives of Indian planning are: 1. economic growth 2. self-reliance 3. employment generation 4. population growth
a. 1, 2 and 4
b. 1, 2 and 3
c. 2 and 3
d. 1, 2, 3 and 4