planning economic development & five year plans section 4 Practice Questions Answers Test with Solutions & More Shortcuts
Planning, Economic Development & Five year Plans PRACTICE TEST [10 - EXERCISES]
planning economic development & five year plans section 1
planning economic development & five year plans section 2
planning economic development & five year plans section 3
planning economic development & five year plans section 4
planning economic development & five year plans section 5
planning economic development & five year plans section 6
planning economic development & five year plans section 7
planning economic development & five year plans section 8
planning economic development & five year plans section 9
planning economic development & five year plans section 10
Question : 23
Consider the following statement regarding usual status
- One year
- Indefinite
- One month
- One week
a) 1 only
b) 3 only
c) 2 only
d) 4 only
Answer »Answer: (a)
Usual status (US) unemployment is calculated with reference to a period of one year.
Question : 24
The rationale given in the first plan for state intervention in the industrial sector was that:
a) state alone can ensure decentralization of wealth
b) private sector was inefficient
c) the commanding heights of the economy should be in the public sector
d) private sector was neither willing nor capable of investing in certain sectors
Answer »Answer: (d)
Question : 25
Which of the following experienced the fastest expansion during the plan in India?
a) Services
b) Industry
c) Agriculture
d) None of these
Answer »Answer: (a)
The service sector experienced the fastest expansion during the plan in India which was predominantly an agricultural economy at the time of independence.
It includes:
- telecommunication,
- hospitality industry/tourism,
- mass media,
- healthcare/hospitals,
- information technology,
- banking,
- insurance,
- investment management,
- accountancy,
- legal services,
- consulting,
- retail sales,
- real estate, and
- education.
Currently, the maximum contribution to national income comes from the service sector which contributes around 60%.
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Planning, Economic Development & Five year Plans Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
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