Top 80+ Solved Fundamentals of Indian Economy and Planning MCQ Questions Answer
Q. 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
a. 1 and 3
b. 2 and 4
c. 1, 2 and 3
d. 3 and 4
Q. Which of the following gives an accurate measurement of economic developmentthrough Five Year Plans?
a. Development of education and health services
b. Development of railways and roadways
c. Rise in national income and per capita income
d. Development of industrial towns and industrial estates
Q. In India, the Public Sector is most dominant in : [IAS 1993]
a. transport
b. steel production
c. commercial banking
d. organised term-lending financial institutions
Q. The first attempt to initiate economic planning in India was made by:
a. Balwantrai Mehta
b. Vallabhbhai Patel
c. M. Visvesvaraya
d. Jawaharlal Nehru
Q. The decentralisation system was recommended by :
a. C.Rajagopalachari
b. J. Kripalan
c. Balwant Rai Mehta
d. Ashok Mehta
Q. The main objective of First Five-year Plan was:
a. industrial growth
b. economic growth
c. development of agriculture including irrigation and power projects
d. self-reliance
Q. India had a plan holiday: [CPO AC 2003]
a. after the China-India War of 1962
b. after the drought of 1966
c. after the liberation of Bangladesh in 1971
d. after the India-Pakistan War in 1965
Q. 'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]
a. Lal Bahadur Shastri
b. Indira Gandhi
c. Morarji Desai
d. Rajiv Gandhi
Q. The basic feature of the Rolling Plans was that:
a. no physical targets were visualized
b. revision of the achievements, of previous year
c. annual fluctuations in prices and major economic developments could be considered while fixing targets
d. no financial target except in the term of annual plans was envisaged
Q. The growth rate of agricultural production was negative in the:
a. First Plan
b. Second Plan
c. Third Plan
d. Fourth Plan
Q. Which one of the following is the task of the Planning Commission? [NDA 1991]
a. Preparation of the plan
b. Implementation of the plan
c. Financing of the plan
d. Both (a) and (b)
Q. Who wrote the book 'Planned Economy for India'?
a. M. Visvesvaraya
b. Sardar Vallabhbhai Patel
c. Jawaharlal Nehru
d. Mahatma Gandhi
Q. 'Globalisation of Indian Economy' means:
a. stepping up external borrowings
b. establishing Indian business units abroad
c. having minimum possible restrictions on economic relations with other countries
d. giving up programmes of import substitution