Practice Quiz set 9 - indian economy mcq Online Quiz (set-1) For All Competitive Exams
Q-1) In which of the following years was the planning commission set up in India ?
(a)
(b)
(c)
(d)
In March 950, Government of India constituted a statutory body with the Prime Minister of India as its chairman called Planning Commission of India.
Q-2) Durgapur, Bhilai and Rourkela steel plants were established during _____ Plan.
(a)
(b)
(c)
(d)
Q-3) Consider the following: - Low per capita income
- Low rate of capital formation
- Working force largely in the tertiary sector
Which among the above is/ are the characters of an underdeveloped economy?
(a)
(b)
(c)
(d)
Q-4) Which of the two employment programmes are being merged in newly introduced Prime Minister’s Employment Generation Programme?- PMRY
- NREP
- REGP
- RLEGP
Choose the right option
(a)
(b)
(c)
(d)
Q-5) In _____ demand for labour falls short to the supply due to rapidly growing population and their immobility- Structural Unemployment
- Disguised Unemployment
- Seasonal Unemployment
Choose the correct Code
(a)
(b)
(c)
(d)
Structural Unemployment: In this type of unemployment demand for labour falls short to the supply due to rapidly growing population and their immobility.
Q-6) Consider the following statements: - Average annual growth target of 12th Five Year Plan is 9%.
- Average annual growth of the agriculture sector in the Eleventh Five Year Plan was 4%.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
Average annual growth target of 12th Five Year Plan is 8%. Average annual growth of the agriculture sector in the Eleventh Five Year Plan was 3.3%.
Q-7) The Finance Commission is constituted for a period of
(a)
(b)
(c)
(d)
Q-8) Consider the following statements :
- MNREGAwaslaunched in the 11th five year plan.
- Indira Awas Yojana was launched in the 9th Five Year Plan.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is an Indian law that aims to guarantee the ‘right to work’ and ensures livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in a financial year to every household whose adult members volunteer to do unskilled manual work.
MNREGA was launched in 200 select districts in 2006. However, Indira Awas Yojana was launched in the 9th Five Year Plan to provide housing for the rural poor in India.
Q-9) Consider the following statements regarding Indian planning.
- The second five year plan emphasized on the establishment of heavy industries.
- The third five year plan aimed to achieve selfsufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports.
Which of the statements given above is/are correct?
(a)
(b)
(c)
(d)
The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.
The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy. The Second Five year Plan focused mainly on heavy industry as against the First Plan which was essentially an agricultural plan.
This was done to boost domestic production and manufacturing of goods. The third plan aimed to achieve self-sufficiency in foodgrains and to increase agricultural production to meet the requirements of industry and exports.
Q-10) Consider the following statements :
- The Fourth Five Year Plan period is from 1966-71.
- 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)
The Fourth Five Plan was formed for the years 1969 to 1974.
It was the first plan that the government of Ms Indira Gandhi launched. The plan was put forward when the country was under the pressure of inflationary recession and devaluation.
The plan aimed for a 5.5 per cent growth but ended up achieving a mere 3.3 per cent growth.