2. Economic Planning is a subject: [Asstt Grade 1991]
Correct : A. in the Union List
3. For internal financing of Five Year Plans, the government depends on: [NDA 1991]
Correct : A. taxation only
4. The National Development Council gets its administrative support from:
Correct : A. Planning Commission
5. The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]
Correct : C. the public, private, joint and Cooperative sectors
6. The Planning Commission is : [UP PCS 1994]
Correct : C. an Advisory body
7. Which of the following statements is correct? [AAO 1993]
Correct : B. The Prime Minister is the Chairman of the Planning Commission
8. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]
Correct : D. Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions
9. 'Take off stage' in an economy means: [CBI 1990]
Correct : A. steady growth begins
10. Planning in India derives its objectives from:
Correct : B. Directive Principles of State policy
11. 70% of working population of India is engaged in:
Correct : B. primary sector
12. Economic survey is published by :[IAS 1998]
Correct : A. Ministry of Finance
13. Who is called the 'Father of Economics' ?
Correct : C. Adam Smith
14. The concept of Five Year Plans in India was introduced by
Correct : B. Jawaharlal Nehru
15. India has: [CDS 1992]
Correct : C. Mixed economy
16. India opted for 'Mixed Economy' in :
Correct : C. Industrial Policy of 1948
17. Mixed economy means an economy where [CDS 2009]
Correct : B. there is co-existence of public sector along with private sector
18. India's economic planning CANNOT be said to be : [NDA 2002]
Correct : B. imperative
19. Which of the following could be said to have prevented the 'trickle down' effects in Indian economy?
1. Increased dependence of agriculture on purchased inputs and privately managed irrigation
2. More employment of labour by larger landholding farmers
3. Lowered participation of women in agricultural workforce due to new technology
4. The failure of the Green Revolution
Correct : C. 1 and 3
20. Which of the following are not correct assessments of the decades of India's Five-Year
Plans? 1. There has been very low capital formation 2. Growth has favoured the better off 3. Production has increased substantially though often falling short of targets 4. The public sector has contributed nothing to economic growth
Correct : A. 1 and 4
21. Who is the Deputy Chairman of Planning Commission?
Correct : D. None of the above
22. The deputy chairman of the Planning Commission: [UP PCS 1994]
Correct : C. holds the rank of a cabinet minister
23. Who was the first Deputy Chairman of Planning Commission of India?
Correct : C. Shri V.T.Krishnamachari
24. The Planning Commission of India:
I. was set up in 1950
II. is a constitutional body
III. is an advisory body
IV. is a government department
Correct : C. I and III
25. Put in chronological order
1. Constitution of National Planning Committee -by the Indian National Congress under Jawaharlal Nehru
2. Planned Economy for India by Visvesvaraya published
3. Bombay Plan
4. Setting up of the National Development Council
Correct : D. 2, 1, 3, 4
26. Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services
Correct : D. 1 and 4
27. Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move Choose the correct answer from:
Correct : C. 1, 2, 3 and 4
28. Consider the following statements: [IAS 2004]
1. The highest deciding body for planning in India is the Planning Commission of India.
2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council
3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India.
Which of the statements given above is/are correct?
Correct : B. 2 only
29. The basic objectives of Indian planning are:
1. economic growth
2. self-reliance
3. employment generation
4. population growth
Correct : B. 1, 2 and 3
30. An underdeveloped economy is generally characterised by :
1. Iow per capita income
2. Iow rate of capital formation
3. Iow dependency figure
4. working force largely in the tertiary sector
Correct : A. 1 and 2
31. 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
Correct : D. 3 and 4
32. Which of the following gives an accurate measurement of economic development
through Five Year Plans?
Correct : C. Rise in national income and per capita income
33. In India, the Public Sector is most dominant in : [IAS 1993]
Correct : C. commercial banking
34. The first attempt to initiate economic planning in India was made by:
Correct : C. M. Visvesvaraya
35. The decentralisation system was recommended by :
Correct : C. Balwant Rai Mehta
36. The main objective of First Five-year Plan was:
Correct : C. development of agriculture including irrigation and power projects
37. India had a plan holiday: [CPO AC 2003]
Correct : B. after the drought of 1966
38. Rolling plan was designed for the period: [IAS 2003]
Correct : A. 1978-83
39. 'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]
Correct : C. Morarji Desai
40. A rolling plan was a plan for:
Correct : A. one year
41. The basic feature of the Rolling Plans was that:
Correct : C. annual fluctuations in prices and major economic developments could be considered while fixing targets
42. The growth rate of agricultural production was negative in the:
Correct : C. Third Plan
43. Which one of the following is the task of the Planning Commission? [NDA 1991]
Correct : A. Preparation of the plan
44. Who wrote the book 'Planned Economy for India'?
Correct : A. M. Visvesvaraya
45. 'Globalisation of Indian Economy' means:
Correct : C. having minimum possible restrictions on economic relations with other countries
46. The contribution of agriculture to India's' economy is:
Correct : B. decreasing
47. Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]
Correct : C. National Development Council
48. Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]
Correct : D. To prepare the annual central budget
49. The basic difference between imperative and indicative planning is that: [IAS 1993]
Correct : 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
50. Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices
Correct : A. 1 and 2
51. Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins
Correct : D. I, II, III and IV
52. Dadabhai Naoroji theorised on the drain of wealth from India in his book:
Correct : C. Poverty and Un-British Rule in India
53. 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
Correct : A. 1 and 2
54. Which one of the following Five-Year Plans recognised human development as the core
of all developmental efforts? [IAS 1995]
Correct : D. The Eighth Five-Year Plan
55. In which of the Five Year Plans, preference was given to the weaker sections of the society ?
Correct : D. Fifth
56. The Second Five Year Plan laid more stress upon:
Correct : B. industrialisation
57. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990]
Correct : B. Second Five Year Plan
58. What is the correct sequence of the following strategies used for Five Year Plans in
India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development
Correct : C. 2, 3, 1
59. During which Five Year Plan was the total expenditure on agriculture the highest?
Correct : D. Fourth Five Year Plan
60. The objective of self-reliance and zero net foreign aid was declared in :
Correct : C. Fourth 5-Yr Plan
61. Who of the following was the author of the chapter on "Objectives of Planned Development" for the Third Five Year Plan? [IAS 2008]
Correct : A. Morarji Desai
62. 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]
Correct : D. Ninth five year plan
63. 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]
Correct : C. 1, 2 and 3
64. 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.
Correct : A. 1 only
65. Who among the following was the first Chairman of the Planning Commission? [CDS 2008]
Correct : B. Pt. Jawahar Lal Nehru
66. Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]
Correct : C. In India, single biggest employment is agriculture and allied activities.
67. Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]
Correct : D. Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
68. 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]
Correct : A. Services-Industry-Agriculture
69. ____ is the ex-officio chairman of Planning Commission and National Development Council.
Correct : A. Prime Minister
70. Which statement is correct for Indian Planning Commission?
Correct : D. All of the these
71. Which one of the following is a driving force influencing the industrial growth of an economy? [Corporation' Bank PO 2011]
Correct : D. All (1), (2) & (3)
72. 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]
Correct : C. eighth Plan
73. 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]
Correct : A. 1 only
74. The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012]
Correct : C. Second Five-Year Plan to the Seventh Five-Year Plan
75. 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]
Correct : B. I and III
76. A "closed economy" is an economy in which [CSAT 2011]
Correct : D. neither exports nor imports take place
77. In which Plan was the growth rate target exceeded?
Correct : A. First
78. Put in chronological order the following Special features/objectives of different Five Year Plans as they were first formulated:
1. Mahalanobis strategy
2. Modernisation
3. Removal of Poverty
4. Emphasis on employment generation
Correct : C. 1,3,2,4
79. In India, the concepts of "minimum heeds" and "directed anti-poverty programmes" were the innovations of: [CDS 2004]
Correct : B. Fifth Five-year Plan
80. During which Plan did prices show a decline?
Correct : A. First
81. Success of 4th plan was obstructed by :
Correct : D. All of the above
82. The 'Slack Season' in the Indian Economy is:
Correct : C. Jan. - June
83. Consider the following statements:
1. The nation-wide scheme of the National Child Labour Projects (NCLP) is run by the Union Ministry of Social Justice and Empowerment.
2. Gurupadswamy Committee dealt with the issues of child labour.
Which of the statements given above is/are correct? [IAS 2007]
Correct : C. Both 1 and 2
84. Which of the following groups of states has the largest concentration of rural poor and people living below the poverty line?
Correct : D. Andhra Pradesh, Karnataka, Tamil Nadu
85. India's wage policy is based on : [Railways 1994]
Correct : A. cost of living
86. Unemployment which occurs when workers move from one job to another job is known
as : [IAS 1992]
Correct : B. frictional unemployment
87. The type of unemployment mostly found in India can be characterised as :
Correct : D. disguised
88. Disguised unemployment in India is mainly related to :
1. agricultural sector
2. rural area
3. factory sector
4. urban area
Correct : A. 1 and 2
89. One of the reasons for India's occupational structure remaining more or less the same over the years has been that: [IAS 1995]
Correct : B. people are largely unaware of the significance of transition from agriculture to industry for economic development
90. Which of the following is/are correct?
I. Bulk of unemployment in India is in rural areas
II. The disguised unemployment in agricultural sector is perennial
III. Industrialisation has rendered several people job-less in India
Correct : A. I and II
91. Among the reasons for disguised unemployment in the rural areas is :
Correct : B. low levels of technological development in the country
92. Unemployment in a developing country generally takes place due to :
Correct : D. lack of complementary factors of production
93. Cyclical unemployment refers to:
Correct : D. unemployment during recessionary phase of a trade cycle
94. Persons below the poverty line in India are classified as such based on whether: [IAS 1999]
Correct : A. they are entitled to a minimum prescribed food basket
95. Which Committee's recommendations are being followed for estimating Poverty Line in
India?
Correct : D. Lakdawala Committee
96. Consider the following statements:
Regional disparities in India are high and have been rising in recent years because:
1. There is persistent investment over time only in Select locales
2. Some areas are agro climatically less conducive to development
3. Some are as continue to face little or no aqrarian transformation and the consequent lack of social and economic opportunities
4. Some areas have faced continuous political instability.
Which of the above statements are correct?
Correct : A. 1, 2 and 3
97. Absolute Poverty means:
Correct : B. poverty in terms of the basic minimum calorie requirements
98. Among the following who are eligible to benefit from the "Mahatma Gandhi National Rural Employment Guarantee Act" ? [CSAT 2011]
Correct : D. Adult members of any household
99. Poverty Gap is :
Correct : A. the difference between poverty line and actual income levels of all those living below that line
100. Consider the following statements with reference to Indira Gandhi National Old Age Pension Scheme [IGNOAPS]
1. All persons of 60 years or above belonging to the households below poverty line in rural areas are eligible.
2. The Central Assistance under this Scheme is at the rate of Rs. 300 per month per beneficiary. Under the Scheme, States have been urged to give matching amounts.
Which of the statements given above is/are correct? [IAS 2008]