Top 150+ Solved General Economics 2 MCQ Questions Answer
Q. Which of the following Five Year Plans was terminated one year before its completion?
a. Second
b. Third
c. Fourth
d. Fifth
Q. Economic Planning is a subject:
a. In the Union List
b. In the State List
c. In the Concurrent List
d. Unspecified in any special list
Q. Which of the following are not members of the National Development Council?
a. The Prime Minister
b. the President
c. Chief Ministers of states
d. Members of the Planning Commission
Q. The Second Five Year Plan laid more stress upon:
a. Agriculture '
b. Industrialization
c. Removing poverty
d. Self reliance
Q. Attainment of economic self reliance and removal of poverty were the main objectives of :
a. First Five Year Plan
b. Fourth Five Year Plan
c. Fifth Five Year Plan
d. Sixth Five Year Plan
Q. For internal financing of Five Year Plans, the government depends on:
a. Taxation only
b. Taxation and public borrowing
c. Public borrowing and deficit financing
d. Taxation, public borrowing & deficit financing
Q. The Eighth Five Year Plan gave priority to:
a. Industrial growth
b. Promotion of exports
c. Increasing agricultural productivity
d. Employment generation
Q. The strategy of rolling plan was adopted during the Prime Ministership of ;
a. Lal Bahadur Shastri
b. Indira Gandhi
c. Morarji Desai
d. Rajiv Gandhi
Q. Who among the following authored the book 'Planned Economy for India' in 19
a. D.R. Gadgil
b. M.N. Roy
c. M. Viswesvaraya
d. V.K.R.V Roy
Q. The Planning Commission implemented three Annual Plans instead of Five Year Plans between:
a. The Third and Fourth Plan
b. The Fifth and Sixth Plan
c. The Sixth and Seventh plan
d. The Seventh and Eighth Plan
Q. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of:
a. First Five Year Plan
b. Second Five Year Plan
c. Third Five Year Plan
d. Fourth Five Year Plan
Q. The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by:
a. J.N. Bhagwati
b. K.N. Raj
c. Raj Krishna
d. Sukhamoy Chakravarty
Q. Which of the following statements is correct?
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. Economic planning is an essential feature of:
a. Dual economy
b. Mixed economy
c. Capitalist economy
d. Socialist economy