Practice Quiz set 10 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   During which Five Year Plan was the Emergency claimed, new elections took place and the Janta Party was elected?

(a)

(b)

(c)

(d)


Q-2)   Which Five- Year Plan had an objective of “Rapid industrialization with particular emphasis on development of basic and heavy industries” ?

(a)

(b)

(c)

(d)

Explanation:

The Second Five Year Plan’s broad objective was establishment of a socialistic pattern of society. It aimed at rebuilding rural India, development of basic and heavy industries and enlarging scope of public sector.


Q-3)   With reference to the government’s welfare schemes, consider the following statements.
  1. Under the Antyodaya Anna Yojana, the foodgrains are available to the poorest of the poor families at Rs.2 kg for wheat and Rs.3 kg of rice.
  2. Under the National Old Age Pension Scheme, the old and destitute are provided Rs.75 month as Central Pension, in addition to the amount provided by most State Governments.
  3. Government of India has allocated 25 kg foodgrains per below poverty line family per month, at less than half the economic cost.
Which of these statements are correct?

(a)

(b)

(c)

(d)


Q-4)   ____ is an achievement of Indian planning.
  1. development of infrastructure
  2. diversification of industry and exports
  3. high growth in national in-come
  4. control over prices

(a)

(b)

(c)

(d)


Q-5)   Consider the following statements
  1. Rajiv Gandhi Grameen Vidyutikaran Yojana which gives free electricity connections to the below poverty line households is implemented by Power Grid Corporation of India.
  2. The Integrated Rural Energy Programme aims to meet the energy needs of cluster of villages through a blend of conventional and non-conventional sources of energy.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Since 2005, REC has been appointed nodal agency by Ministry of Power for Government of India scheme Rajiv Gandhi Grameen Vidyutikaran Yojana aimed at building rural electricity infrastructure and household electrification towards the National Common Minimum Programme goal of access to electricity for all.

This programme aims to meet the energy needs of a cluster of villages through a blend of conventional and non-conventional sources of energy.


Q-6)   Consider the following statement
  1. The major objective first plan is to increase national Income by 25% through rapid industrialisation. This plan was developed by Professor Mahalanobis.
  2. The major objective of the second plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted socio-economic development but the outcome was very poor.
  3. The major objective of the third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.
Which among the following statement is correct:

(a)

(b)

(c)

(d)

Explanation:

The major objective of the first plan is to stimulate balanced economic development while correcting imbalances caused by World War II and partition. The plan targeted socio-economic development but the outcome was very poor.

The Major Objective of the second plan is to increase National Income by 25% through rapid industrialisation.

This plan was developed by Professor Mahalanobis. The major objective of the third plan is continued emphasis on basic industries together with an increased outlay of 35% in agriculture and applied sectors.


Q-7)   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 using the codes given below

(a)

(b)

(c)

(d)

Explanation:

11th Five Year Plan’s initiatives for agriculture were:

  1. Focusing on land reform issues
  2. Doubling the rate of growth of the irrigated area
  3. Promoting animal husbandry and fishery
  4. Providing easy access to credit at affordable rates


Q-8)   In the context of Indian Five Year Plans, a shift in the pattern of industrialization, with lower emphasis of heavy industries and more on infrastructure being in :

(a)

(b)

(c)

(d)

Explanation:

The sixth five-year plan started in 1980-85 marked the beginning of economic liberalization in India.

In the Sixth Five year plan, a shift in the pattern of Industrialisation with a lower emphasis on the heavy industry and move on infrastructure begins.


Q-9)   Which day has been declared as ‘Balika Diwas’ (Girl Day) by the Ministry of Woman and Children Development?

(a)

(b)

(c)

(d)


Q-10)   Which one of the following Five year plans of Indian Economy was terminated by the Janata Government?

(a)

(b)

(c)

(d)

Explanation:

The fifth FYP was launched and planned for the period 1974-79 but Janata Government came in power in 1978 and terminated the plan prematurely in 1978.

The Janata government launched the sixth FYP for the period 1978-1983.

Congress government when came into power in 1980 abandoned the sixth FYP and launched a new sixth FYP for the period 1980-1985.