Fundamentals Indian Economy and Planning gk

Fundamentals Indian Economy and Planning gk

1. 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


2. 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.


3. 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.


4. The basic objectives of Indian planning are:
1. economic growth
2. self-reliance
3. employment generation
4. population growth


5. 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


6. 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


7. Which of the following gives an accurate measurement of economic development through Five Year Plans?


8. In India, the Public Sector is most dominant in : [IAS 1993]


9. The first attempt to initiate economic planning in India was made by:


10. The decentralisation system was recommended by :


11. Match the following. : [UP PCS 1994]
A. First Plan ———–>1. Rapid industrialisation
B. Second Plan ——–>2. Community Development Programme
C. Third Plan ———->3. Expansion of basic industries
D. Fourth Plan———> 4. Minimum Needs Programme
E. Fifth Plan  ———->5. Achievement of self-reliance and growth with stability


12. The main objective of First Five-year Plan was:


13. India had a plan holiday: [CPO AC 2003]


14. Rolling plan was designed for the period: [IAS 2003]


15. ‘The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]


16. A rolling plan was a plan for:


17. The basic feature of the Rolling Plans was that:


18. The growth rate of agricultural production was negative in the:


19. Which one of the following is the task of the Planning Commission? [NDA 1991]


20. Who wrote the book ‘Planned Economy for India’?


21. ‘Globalisation of Indian Economy’ means:


22. The contribution of agriculture to India’s’ economy is:


23. Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]


24. Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]


25. The basic difference between imperative and indicative planning is that: [IAS 1993]


26. 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


27. 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


28. Dadabhai Naoroji theorised on the drain of wealth from India in his book:


29. 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


30. Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts? [IAS 1995]


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lam the creator and editor of Design Shard, I created this blog to post my inspirations, work, and free resources that I hope others find interesting too. See all posts by -- Sourav Mukherjee

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