Top 80+ Solved Fundamentals of Indian Economy and Planning MCQ Questions Answer
Q. The contribution of agriculture to India's' economy is:
a. increasing
b. decreasing
c. constant
d. None of these
Q. Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]
a. Planning Commission
b. Union Cabinet
c. National Development Council
d. Ministry of Planning
Q. Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]
a. To define the stage of growth and suggest allocation of resources
b. To make an assessment of the material, capital and human resources of the country
c. To determine the nature of machinery required for implementation of plan proposals
d. To prepare the annual central budget
Q. The basic difference between imperative and indicative planning is that: [IAS 1993]
a. it is easier to achieve targets in imperative type of planning
b. in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector
c. in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system
d. in the case of indicative planning, there is no need to nationalise any industry
Q. Which of the following features indicate that Indian economy is of the developingcategory? I. Occupation mainly agricultural II. Chronic unemployment III. Poor quality of human capital IV. Low per capita intake of proteins
a. I, II and III
b. I and IV
c. II and III
d. I, II, III and IV
Q. Dadabhai Naoroji theorised on the drain of wealth from India in his book:
a. Poverty under British Rule in India
b. Poverty in British Rule in India
c. Poverty and Un-British Rule in India
d. Poverty of Economic Drain in British India
Q. 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
a. 1 and 2
b. 3 and 4
c. 1, 2 and 4
d. 2, 3 and 4
Q. Which one of the following Five-Year Plans recognised human development as the coreof all developmental efforts? [IAS 1995]
a. The Third Five-Year Plan
b. The Fifth Five-Year Plan
c. The Sixth Five-Year Plan
d. The Eighth Five-Year Plan
Q. In which of the Five Year Plans, preference was given to the weaker sections of the society ?
a. Second
b. Third
c. Fourth
d. Fifth
Q. The Second Five Year Plan laid more stress upon:
a. agriculture
b. industrialisation
c. removing poverty
d. self-reliance
Q. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990]
a. First Five Year Plan
b. Second Five Year Plan
c. Third Five Year Plan
d. Fourth Five Year PIan
Q. What is the correct sequence of the following strategies used for Five Year Plans inIndia? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development
a. 1, 3, 2
b. 2, 1, 3
c. 2, 3, 1
d. 3, 2, 1
Q. During which Five Year Plan was the total expenditure on agriculture the highest?
a. First Five Year Plan
b. Second Five Year Plan
c. Third Five Year Plan
d. Fourth Five Year Plan
Q. The objective of self-reliance and zero net foreign aid was declared in :
a. Second 5-Yr Plan
b. Third 5-Yr Plan
c. Fourth 5-Yr Plan
d. Fifth 5-Yr Plan