planning economic development & five year plans section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 6

Which one of the following sectors of the Indian Economy got highest growth in the term GDP contribution after the adoption of LPG model of Economic Development?

a) Fishing and Forestry sector

b) Mining and Quarrying sector

c) Agriculture sector

d) Services sector

Answer: (d)

Services sector of the Indian economy got the highest growth in the term GDP contribution after the adoption of LPG model of economic development.

Question : 7

Relative poverty refers to a situation where:

a) a person is unable to obtain the necessaries for life

b) a person falls behind others

c) a person is poorer than another in the developed world

d) a person is below poverty line

Answer: (b)

Question : 8

Usual status (US) unemployment is calculated with reference to a period of:

a) indefinite

b) one year

c) one week

d) one month

Answer: (b)

Question : 9 [CDS-2013-I]

Which of the following institutions was/were asked by the Government of India to provide official estimates of black (unaccounted) money held by Indians, both in India and abroad?

  1. National Institute of Public Finance and Policy.
  2. National Council of Applied Economic Research.
  3. National Institute of Financial Management.
Select the correct answer using the codes given below

a) 1 and 2

b) 2 and 3

c) Only 1

d) All of these

Answer: (d)

The government had selected three think tanks in March 2011 in order to estimate the quantum of black money.

These three think tanks are -

  1. National Institute of Financial Management (NIFM),
  2. National Council for Applied Economic Research (NCEAR) and
  3. National Institute of Public Finance and Policy (NIPFP).

Question : 10

Consider the following statements:

  1. Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants.
  2. The scheme envisages Cash Incentives for the above beneficiaries
  3. All Government Women Employees are beneficiaries of the IGMSY
Which among the above statements is / are correct?

a) 1 and 2

b) 1 only

c) 2 and 3

d) 1, 2, 3

Answer: (a)

Indira Gandhi Matritva Sahyog Yojana (IGMSY) has been launched to improve the health and nutrition status of pregnant, lactating women and infants. The scheme envisages Cash Incentives for the above beneficiaries.

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1204 Economic Development based indian economy MCQ section 5 question answer with explanation pdf

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