Practice Quiz set 6 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   By which one of the following years does the th Five Year Plan aim at achieving 0% rural tele-density in India from the present .9%?

(a)

(b)

(c)

(d)

Explanation:

The aim of th Five Year Plan is to connect every village by telephone and provide broadband connectivity to all villages by 202.

Q-2)   Consider the following statements :
  1. The Ninth Five Year Plan was launched in the 50th year of India’s independence.
  2. For the first time in the Indian economy the GDP growth rate of the Ninth Five Year Plan was set at 7%.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Ninth Five Year Plan was launched in the 50th year of India’s independence. Under the plan for the first time in the Indian Economy the GDP growth rate was set at 7%.

Q-3)   Consider the following statements :
  1. The period of the 10th Five Year Plan is 2003-2008.
  2. The 10th Five year Plan approach towardstourism signifies a distinct shift from that adopted in previous plans.
Which of the statements given above is/are correct ?

(a)

(b)

(c)

(d)

Q-4)   Consider the following statements :
  1. In the history of Indian planning, the actual growth rate of the GDP has never been higher than the targeted growth rate.
  2. In the first five year plan, the actual GDP growth rate was more than the targeted growth rate.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

In the first Five Year Plan, the actual GDP growth rate was more than the targeted growth rate.

Q-5)   Consider the following statements about the second Five Year Plan :
  1. Priorities were given in the production of iron and steel and heavy engineering and machine building industries.
  2. Strengthening the oil exploration and coal in India.
Which of the statements given above are correct?

(a)

(b)

(c)

(d)

Explanation:

According to the Second Five Year Plan the priorities were given in the production of iron and steel and heavy engineering and also to strengthen the oil exploration and coal.

Q-6)   Scheme ______ is a Government of India program aimed at providing 24x7 uninterrupted power supply to all homes in Rural India
  1. Deendayal Disabled Rehabilitation Scheme
  2. Deen Dayal Upadhyaya Gram JyotiYojana
  3. Digital IndiaProgramme
Select the name of the scheme

(a)

(b)

(c)

(d)

Explanation:

Deen Dayal Upadhyaya Gram Jyoti Yojana is a Government of India program aimed at providing 24x7 uninterrupted power supply to all homes in Rural India. It was launched in 2015.

Q-7)   During which Five Year Plan, the price level in Indian economy showed a decline?

(a)

(b)

(c)

(d)

Explanation:

During first Five Year Plan (1951–56) the price level in Indian economy showed a decline because of rapid agricultural development and measures to control inflation as there was disequilibrium due to second world war and partition of economy.

Q-8)   In the context of the food and nutritional security of India, enhancing the ‘Seed Replacement Rates’ of various crops helps in achieving the food production targets of the future. But what is/are the constraints/ constraints in its wider/greater implementation?
  1. There is no National Seeds Policy in place
  2. There is no participation of private sector seed companies in the supply of quality seeds of vegetables and planting materials of horticultural crops
  3. There is a demand-supply gap regarding quality seeds in case of low value and high volume crops
Options:

(a)

(b)

(c)

(d)

Explanation:

A low seed replacement rate (SRR) is one of the main reasons for low productivity in India but the realisation has finally dawned on farmers in the agrarian state.

SRR is a measure of how much of the total area of the crop has been sown with certified, quality seeds rather than farm-saved seeds.

However, the present supply of the best quality of developed seed is not adequately available so there is a demand-supply gap regarding quality seeds. Agricultural development is a major characteristic of India.

Q-9)   Consider the following statements :
  1. Jawahar Rozgar Yojana was launched in the Seventh Five Year Plan.
  2. Small-scale and food processing industries were given new impetus in Seventh Five Year Plan.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

Jawahar Rozgar Yojna was launched on April 1, 1989, by merging National Rural Employment Program (NREP) and Rural Landless Employment Guarantee Programme (RLEGP).

In Seventh Five Year Plan the smallscale and food processing industries were given new impetus as the plan laid stress on improving the productivity level of industries by upgrading technology.

Q-10)   Consider the following statements :
  1. LPG model of the Indian Economy was fully implemented in the Eighth Five Year plan.
  2. The Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The economy of India had undergone significant policy shifts at the beginning of the 1990s at the time of the eighth plan. This new model of economic reforms is commonly known as the LPG or Liberalization, Privatization and Globalization model.

LPG model of economic development in India was proposed by Dr Manmohan Singh, economist and finance minister at that time.

Moreover, the Eighth plan envisaged an annual average growth rate of 5.6% but the real growth rate was 6.8%.