ECONOMY MCQS SET 49

ECONOMY MCQS SET 49

481) National Planning Committee(1938) was chaired by:
A) Jawaharlal Nehru
B) M. Visveswaraya
C) Dadabhai Naoroji
D) M.N.ROY
Answer:  Jawaharlal Nehru
   
482) Planned Economy for India'(1934) was the work of:
A) John Mathai
B) M.N.Roy
C) M.Visveswaraya
D) Shriman Narayan
Answer:  M.Visveswaraya
   
483) The Planning Commission was set up in accordance the directive principles in:
A) Article 38
B) Article 39
C) Article 42
D) Article 51 A
Answer:  Article 39   
484) Structural Paling refers to:
A) laying down broad goals and strategies
B) centralized planning
C) fixing flexible targets
D) changing existing institutions or creating new ones
Answer:  changing existing institutions or creating new ones
   
485) Panchayat Raj institutions are intended to strengthen:
A) indicative planning
B) multi level planning
C) structural planning
D) functional planning
Answer:  multi level planning

486) First plan adopted
A) Lewis-Fei model
B) Mahalanobis model
C) Harrod Domar model
D) Keynesian model
Answer:  Harrod Domar model
   
487) In term of absolute number of persons living in urban areas, the state which leads in the country is:
A) Maharashtra
B) Tamil Nadu
C) Kerala
D) Uttar Pradesh
Answer:  Maharashtra
   
488) Consider the following statements in respect of Finance Commission:
I. It is mandatory to appoint a Finance Commission every five years.
2. Finance Commission lays down the principles governing grant-in-aid to states.
3. Finance Minister is the ex-officio Chairperson of the Finance Commission.
4. The award given by the Finance Commission is binding on Central and State governments.
Which of the above statements are correct?
A) 1,2,3 and 4
B) 1,2 and 4
C) 1,2 and 3
D) 1,3 and 4
Answer:  1,2 and 4   
 
489) Reserve Bank's Liquidity Adjustment Facility (LAF) refers to:
A) Auction of Treasury Bills
B) Rediscounting of Bills of Exchange
C) Use of Repos and Reverse Repos
D) Variation in the Statutory Liquidity Ratio (SLR)
Answer:  Use of Repos and Reverse Repos
   
490) The scope of land reforms does not include
A) abolition of intermediaries
B) consolidation of land holdings
C) cooperative farming
D) housing loans to farmers
Answer:  housing loans to farmers