Practice Quiz set 8 - indian economy mcq Online Quiz (set-1) For All Competitive Exams

Q-1)   What is the growth rate aimed at in the Eighth Five Year Plan?

(a)

(b)

(c)

(d)

Q-2)   In India which of the following Five Year Plans was launched with a focus on sustainable growth?

(a)

(b)

(c)

(d)

Q-3)   According to the Tenth Finance Commission the share of resources to be transferred to states from the divisible pool will be

(a)

(b)

(c)

(d)

Q-4)   Consider the following statement
  1. The plan holiday was declared for three years as there was discontinuity in the planning process.
  2. Plan period was from 1965-1968
Which among the following Statement is correct:

(a)

(b)

(c)

(d)

Explanation:

After the disastrous experience of the Third Plan, a plan holiday was declared for three years. This period was named as Plan Holiday as there was discontinuity in the planning process. Gap in Plan Period (1966-69)

Q-5)   The Multi-dimensional Poverty Index developed by Oxford Poverty and Human Development Initiative with UNDP support covers which of the following?
  1. Deprivation of education, health, assets and services at household level.
  2. Purchasing power parity at national level.
  3. Extent of budget deficit and GDP growth rate at national level.
Select the correct answer using the codes given below:

(a)

(b)

(c)

(d)

Explanation:

Deprivation of education, health, assets and services at household level

Q-6)   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-7)   Consider the following statements :
  1. The Fourth Five Year Plan period is from 1966-71.
  2. The Fourth Five Year Plan sought to raise the standard of living through programmes designed to promote equality and social justice.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

The Fourth Five Year Plan period is from 1969- 74 and it sought to raise the standard of living through programmes designed to promote equality and social justice.

Q-8)   National Rural Employment Guarantee Act ensures that the
  1. Centre bears 75% of the cost of wages of unskilled manual workers.
  2. State government provides 100 days of work to every member of a household in a financial year.

(a)

(b)

(c)

(d)

Q-9)   Planning Commission of India
  1. was set up in 1950
  2. is a constitutional body.
  3. is an advisory body
  4. is a government department

(a)

(b)

(c)

(d)

Q-10)   Consider the following statements :
  1. In the 11th Five Year Plan, the growth rate of the agriculture sector was above 4%.
  2. In the 11th Five Year Plan, the agriculture sector contributed more than 25% to the overall GDP of India.
Which of the statements given above is/are correct?

(a)

(b)

(c)

(d)

Explanation:

In the 11th Five Year Plan, the growth rate of the agriculture sector was 3.3% and the agriculture sector contributed 15.2 % to the overall GDP of the country.

Thus Both the given statements regarding the 11th Five Year Plan are not correct.