Practice Quiz set 2 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   Since the start of planning in India, the total number of years not covered by any five year plans is

(a)

(b)

(c)

(d)

Q-2)   _____ sector was the largest contributor to GDP during the Ninth Plan?

(a)

(b)

(c)

(d)

Q-3)   Consider the following statements regarding Indian planning:
  1. The Jalan Panel was set up by the RBI to scrutinize application for new bank licences.
  2. The Committee was headed by former RBI governor Dr Rajendra Jalan.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Bimal Jalan panel which was set up by the RBI to scrutinize application for new bank licences has submitted its report. The Committee was headed by former RBI governor Dr Jalan.

Q-4)   Consider the following statements :
  1. In the 11th Five Year Plan, the growth rate of the export was always positive.
  2. In the middle of the 11th Five Year Plan, the import growth was negative due to external factors.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Regarding the 11th Five Year Plan, in the middle of the plan, the import growth was negative due to external factors and the growth rate of the export was negative during certain periods.

Q-5)   Which among the following is the objective of Prime Minister RojgarYojana (PMRY)
  1. To provide self-employment to educated unemployed by setting up of sever lakh micro-enterprises
  2. To promote micro-enterprises and helping the rural poor into self-help group.
  3. To create employment and durable assets in rural areas.
  4. Improving the quality of life of people in rural areas.
Choose the correct code

(a)

(b)

(c)

(d)

Explanation:

The objective of Prime Minister Rojgar Yojana (PMRY) is to provide self-employment to educated unemployed by setting up of sever lakh microenterprises.

Q-6)   Consider the following statements about Indian Economy?
  1. During 11th Five Year Plan, the foodgrain production steadily increased.
  2. During 11th Five Year Plan, the average inflation on the wholesale price Index is above 10%.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

During The eleventh plan (2007-12) the food grain production steadily increased and the average inflation on the wholesale price Index was above 10%.

Q-7)   First Five Year Plan was started in

(a)

(b)

(c)

(d)

Q-8)   Consider the following statements
  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.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

According to The National Food for Work Programme, food subsidy should be better targeted through the targeted public distribution systems and specific programmes for the poor like the Food for Work Programme.

The National Food for Work Programme was launched on 14 November 2004 in 150 of the most backward districts of India with the objective of generating supplementary wage employment. The Planning commission is not a constitutional body.

Q-9)   Consider the following statements regarding Indian Planning:
  1. The Second Five-Year Plan emphasized on the establishment of heavy industries.
  2. The Third Five-Year Plan introduced the concept of import substitution as a strategy for industrialization.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Second Five-Year Plan (1956-1961);

The fourth Five-Year Plan (1969-74) introduced the concept of import substitution as a strategy for industrialization.

Q-10)   Bharat Nirman Yojana:
  1. This scheme aims at developing rural infrastructure.
  2. The duration of implementation of this scheme has been determined for five years.
  3. The major six sectors to be looked at are irrigation, road, housing, water supply, electrification, rural communication.
Choose the incorrect option/s:

(a)

(b)

(c)

(d)

Explanation:

Bharat Nirman is a time-bound business plan for action in rural infrastructure.

Under Bharat Nirman, action is proposed in the areas of irrigation, rural housing, rural water supply, rural electrification and rural telecommunication connectivity.

The programme was targeted to be implemented over a period of four years but many of its schemes have been extended.