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MCQ on Nature & Planning of Indian Economy

[MCQ Set] Nature of Indian Economy / Planning > GK [PDF]

MCQ on Nature & Planning of Indian Economy

MCQ on Nature and Planning of Indian Economy are also very important for the all type of competitive examinations. I have included the most expected objective type questions with answer from Nature and planning of Indian economy.

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The subject Indian economy has equal importance with other subjects like Indian history Geography etc,  specially in banking examination. So keep practising these questions regularly.

Quote of the Day: Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.

—— Buddha

 

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Q.1 The Father of economy is referred to which of the following legend?

A: Amarrya Set

B: Adam Smith

C: Charles Babbage

D: Hippocrates

Answer :

Adam Smith

Q.2 Who introduces the ‘Five Year Plan’ in India?

A: Mahatma Gandhi

B: Jawaharlal Nehru

C: Dr. Sarbapalli Radhakrisnan

D: Max Mular

Answer

Jawaharlal Nehru

Q.3 What type of Economy exists in India?
[CDS 1992]

 

A: Free economy

B: Mixed economy

C: Command Economy

D: free-market economy

Answer

Mixed economy

Q.4 India opted for ‘Mixed Economy‘ in ___________.

A: First Five Year Plan

B: Industrial Policy of 1948

C: The first fiscal policy

D: Planning Commission

Answer Industrial Policy of 1948

Q.5 What is meant my Mix Economy?

[CDS 2009]

A: co-existence of public sector along with private sector.

B: Equal promotion of agriculture and industry.

C: It is controlled only by heavy industry

D: It is controlled by military as well as civilian

Answer

Co-existence of public sector along with private sector.

Q.6 The economy planning of India cannot be said to be _______.

[NDA 2002]

A: Imperative

B: Limited

C: Restricted

D: emblematic

Answer

Imperative

Q.7 The task of Planning Commission of India is _________.

A: Backing up the plan

B: Preparation of the plan

C: monetisation the plan

D: None of the above

Answer

Preparation of the plan

Q.8 The book ‘Planned Economy for India‘ was written by which of the following author?

[IAS 2003]

A: Dr. Amarty Sen

B: Jawaharlal Nehru

C: M Visvesvarya

D: Indira Gandhi

Answer

M. Visvesvarya

Q.9 How agriculture contributing to the India economy?

A: It helps  Increasing

B: It helps  decreasing

C: It has no contribution

D: None of the above

Answer

It helps increasing

Q.10 The proposal of Five Year Plan finalised by –

[IAS 2002]

A: Finance Commission

B: States Reorganisation Commission

C: Commission for Enterprises in the Unorganized Sector

D: National Development Council

Answer

National Development Council.

Q.11 In which year National Development Council was set up?

A: 1949

B: 1955

C: 1951

D: 1952

Answer

1952

Q.12 Which of the following option regarding Indian economy is correct?

[Assistant Grade 1991]

A: It is a subject in the Union List.

B: It is a subject in the Concurrent List.

C: It is a subject in the State List.

D: It is not specified in any special list.

Answer

It is in the Union List.

Q.13 What is the factor that government depends on for financing the Five Year Plan?

[NDA 1991]

A: Only taxation

B: Public borrowing

C: deficit financig

D: both public borrowing and deficit

Answer

Only taxation.

Q.14 From which of the following commission The National Development Commission get its administrative support?

A: Census Commission

B: Planning Commission

C: Competition Commission of India

D Finance Commission

Answer

Planning Commission of India.

Q.15 How the Five Year Plan of India intend to develop the country’s industrially?

[NDA 1991]

A: Through the public sector

B: Through the private sector

C: through the collaboration with Non-resident Indian.

D: Through public, private, joint and Cooperative sectors

Answer

Through the public, private, joint and Cooperative sectors.

Q.16 What is Planning Commission?

[UP PSC 1994]

It is a Ministry

B: It is an Advisory body.

C: It is a Government body.

D: It is an autonomous Corporation

Answer

It is an advisory body.

Q.17 The Deputy Chairman of Planning commission is –

A: Finance Minister

B: Prime Minister

C: President of India

D: None of the above

Answer

None of the Above

Q.18 What is meant by ‘Take off stage‘ in an economy?

[CBI 1990]

A: It means steady growth begins.

B: it means economy is stagnant

C: It means all controls are removed.

D: It means economy is about to collapse.

Answer

Steady growth begins.

Q.19 Who publish the Economy Survey of India?

[IAS 1998]

A: Minister of Finance.

B: Minister of External Affairs

C: Minister of Home Affairs

D: Minister Of Commerce and Industry

Answer

Minister of Finance.

Q.20 What percentage of population of India are engaged in primary sector?

A: 50%

B: 60%

C: 70%

D: 65%

Answer

70%

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