INDIAN ECONOMY PART 6

INDIAN ECONOMY 

1. Whose name is associated with the formulation of Planning Strategy in the Second Five-Year Plan?
(A) Prasanta Chandra Mahalanobis ✔️
(B) B.R. Shenoy
(C) Mahatma Gandhi
(D) Jawaharlal Nehru


2. In which of the following years was the Food Corporation of India set up?
(A) 1965 ✔️
(B) 1970
(C) 1955
(D) 1960

3. The heavy and basic industrialization is associated with India's
(A) Sixth five-year plan
(B) Second five-year plan ✔️
(C) Third five-year plan
(D) Fourth five-year plan

4. State Bank of India was formerly known as
(A) The Central bank of India
(B) The Industrial Bank of India
(C) The Imperial Bank of India ✔️
(D) The National Bank of India

5. The Indian Planning Commission was formed in the year
(A) 1950 ✔️
(B) 1951
(C) 1947
(D) 1949

6. The Second Five-Year Plan was based on
(A) German Historical School Strategy
(B) None of the above
(C) The Gandhian Strategy
(D) The Mahalonobis Strategy ✔️

7. Apex Bank for supplying agricultural credit is
(A) NABARD ✔️
(B) Reserve Bank of India
(C) State Bank of India
(D) (B) and (C)

8. Who finally approves the draft five-year plan?
(A) Planning Commission
(B) The President of India
(C) Parliament and State Legislatures
(D) National Development Council✔️

9. Who maintains foreign exchange reserve in our country?
(A) Minister of Finance, Govt. of India
(B) Export-Import Bank of India
(C) Reserve Bank of India ✔️
(D) State Bank of India

10. The purpose of the Community Development Programme was
(A) To cultivate the spirit of self-reliance and initiative among rural people
(B) To create a scientific outlook among rural people
(C) To solve the unemployment problem
(D) All of these objectives ✔️

11. Which Five Year Plan was suspended one year before its time schedule?
(A) Fifth Plan ✔️ 
(B) Sixth Plan
(C) Third Plan
(D) Fourth Plan

12.The Green Revolution in agriculture has made the Indian farmers dependent on
(A) Indigenous
(B) Availability of micro-nutrients
(C) Machines
(D) Fertilizers and pesticides ✔️

13. The real introduction of Decentralized Planning in India was made for the first time during the
(A) 9th Plan
(B) 10th Plan
(C) 7th Plan
(D) 8th Plan ✔️

14. Under the chairmanship of Pandit Jawaharlal, Nehru Planning Commission was formed in the year
(A) 1951
(B) 1952
(C) 1949
(D) 1950✔️

15. Which of the following States grows sugarcane as a major crop
(A) Uttar Pradesh✔️
(B) Punjab
(C) Bihar
(D) Rajasthan

16. A mixed economy is one
(A) Public Sector operate successfully
(B) Where the private sector is policed by the State Sector
(C) Where domestic and foreign trade are intermixed
(D) When private and public economic units operate side by side ✔️

17. Green Revolution occurred first in
(A) Andhra Pradesh and Tamil Nadu
(B) Gujarat and Maharastra
(C) Punjab and Haryana ✔️
(D) Bihar and West Bengal

18.The objectives of land reforms are
(A) Economic development with equity in the distribution
(B) Increases in the purchasing power of rural people
(C) Increases in production
(D) All of the above ✔️

19.The period of Annual plans 1966-69, is usually regarded as
(A) A period of cessation of all plan activities
(B) Plan rest period
(C) Temporary plan period
(D) Plan Holiday ✔️

20. Green Revolution has led to a marked increase in
(A) Interpersonal inequalities
(B) Regional inequalities
(C) Productivity of wheat 
(D) All of the above ✔️

21. Center-State financial relations are looked after by
(A) Ministry of Finance
(B) Planning Commission
(C) Finance Commission (280)✔️
(D) Sarkaria Commission

22. SEBI is the acronym of -
(A) Securities and Exchange Board of India ✔️
(B) Scheduled Castes and Educationally Backward classes of India
(C) State Education Board of India
(D) South Eastern Bank of India

23. When was the concept of the Human Development Index (HDI) introduced by the United Nations Developmentment Programme?
(A) 1993
(B) 1995
(C) 1990 ✔️
(D) 1991

24. NABARD is associated with
(A) Rural development ✔️
(B) Development of railways
(C) Industrial development
(D) Urban development

25. If the withdrawal of a worker from employment does not create any output loss, this situation is known as
(A) Disguised unemployment ✔️
(B) Frictional unemployment
(C) Search unemployment
(D) Voluntary unemployment

26. Community Development Programme stared in
(A) 1972
(B) 1980
(C) 1952 ✔️
(D) 1956

27. Revenue from agricultural income tax is collected and received by
(A) Local Self Government
(B) Both Union and State Government
(C) Only the Union Government
(D) Only State Government✔️

28. Planning Commission of India is a
(A) A department of State Government
(B) A subsidiary of Reserve Bank of India
(C) Statutory Body ✔️
(D) A department of Central Government

29. World Trade Organisation was established in the year
(A) 2000
(B) 2005
(C) 1986
(D) 1995✔️

30.Name the international financial institution which controls the exchange value of currencies of different countries
(A) IMF(International Monetary Fund) ✔️
(B) None of the above
(C) Federal Reserve system of USA
(D) International Bank for reconstruction and development

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