Top 80+ Solved Fundamentals of Indian Economy and Planning MCQ Questions Answer
Q. Who of the following was the author of the chapter on "Objectives of Planned Development" for the Third Five Year Plan? [IAS 2008]
a. Morarji Desai
b. C.D. Deshmukh
c. Jawaharlal Nehru
d. Lal Bahadur Shastri
Q. 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]
a. Sixth five year plan
b. Seventh five year plan
c. Eighth five year plan
d. Ninth five year plan
Q. 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]
a. 1 and 2 only
b. 2 and 3 only
c. 1, 2 and 3
d. 2 and 4 only
Q. 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.
a. 1 only
b. 2 only
c. Both 1 and 2
d. Neither 1 nor 2
Q. Who among the following was the first Chairman of the Planning Commission? [CDS 2008]
a. Dr. Rajendra Prasad
b. Pt. Jawahar Lal Nehru
c. Sardar Vallabhbhai Patel
d. J.B. Kripalani
Q. Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]
a. Indian economy is as developed as that of Chin
b. About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.
c. In India, single biggest employment is agriculture and allied activities.
d. About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital.
Q. Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]
a. Assessment of the material, capital and human resources of the country
b. Formulation of plans for the most effective and balanced utilization of country's resources
c. Public cooperation in national development
d. Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
Q. 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]
a. Services-Industry-Agriculture
b. Services-Agriculture-Industry
c. Industry-Services-Agriculture
d. Industry-Agriculture-Services
Q. ____ is the ex-officio chairman of Planning Commission and National Development Council.
a. Prime Minister
b. President
c. Finance Minister
d. Commerce Minister
Q. Which statement is correct for Indian Planning Commission?
a. It is not defined in Indian Constitution
b. Members and Vice-Chairman of it do not have fixed working duration
c. Members do not require any minimum education
d. All of the these
Q. Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011]
a. Economic Factors only
b. Investment only
c. Innovation/Market Base only
d. All (1), (2) & (3)
Q. 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]
a. fourth Plan
b. sixth Plan
c. eighth Plan
d. tenth Plan
Q. 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]
a. 1 only
b. 2 and 3 only
c. 1 and 3 only
d. 1, 2 and 3
Q. The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012]
a. First Five-Year Plan to the Sixth Five-Year Plan
b. Fourth Five-Year Plan to the Eighth Five-Year Plan
c. Second Five-Year Plan to the Seventh Five-Year Plan
d. First Five-Year Plan to the Eighth Five-Year Plan
Q. 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. I and II
b. I and III
c. II and III
d. I, II, III and IV