ECONOMY MCQS SET 80

ECONOMY MCQS SET 80

791) The Bombay Plan drafted by GD Birla and JRD Tata emphasised on
A) that the economy should be left to the dynamic investments by the private sector in heavy industries.
B) the public sector investments in infrastructure and heavy industries.
C) annual planning.
D) that the private sector should foot the bill of intensive and low return investments in the heavy industries.
Answer:  the public sector investments in infrastructure and heavy industries.


   
792) Consider the following statements
1.The National Development Council (NDC) was constituted in 1948.
2. The National Development Council (NBC) is an extra constitutional body.
Which of the statements given above is/are correct?
A) Only 1
B) Only 2
C) Both 1 and 2
D) Neither 1 nor 2
Answer:  Only 2


   
793) Consider the following statements about the National Development council (NDC) of India
1. It discusses the progress of national plan.
2. Suggest the ways to achieve goals of the national plan.
3. It gives guidelines to formulate the National Plan.
4. It suggests plan allocations for the different sectors and states.
Which of the statements given above are correct?
A) 1, 2, 3 and 4
B) 1, 2 and 3
C) 1, 3 and 4
D) 2, 3 and 4
Answer:  1, 2 and 3


   
794) Which one among the following statements regarding the Eighth Five Year Plan in India is not correct?
A) The plan was postponed by two years because of the political upheavals at the centre.
B) It aimed at the high growth of both agriculture and manufacturing sectors.
C) Its emphasis was on growth in export and import, improvement in the trade and current account deficit.
D) It set before itself two principal objectives of 'growth with stability' and 'growth with justice'.
Answer:  It aimed at the high growth of both agriculture and manufacturing sectors.


   
795) Which of the following are true about NITI Aayog?
1. The governing council replaces the earlier National Development Council.
2. There will be a regional council comprising of Chief Ministers and Lieutenant Governors of union territories.
3. Aayog will have 7-8 full time members.
4. Aayog is headed by the Speaker.
Select the correct answer using the codes given below
A) 2, 3 and 4
B) 1, 2 and 4
C) 1, 2 and 3
D) All of these
Answer:  1, 2 and 3

796) Planning in India drew on
A) the new economic programme of Lenin
B) the Fabian Socialism of Sidney and Beatrice Web
C) the British Welfare mechanism
D) new democratic development packages
Answer:  the new economic programme of Lenin


   
797) Match List I with List II and select the correct answer using the codes given below the lists
List I      List II
(Plan Model)      (Proposer)
A. Bombay Plan       1. Jai Prakash Narayan
B. Gandhian Plan      2. MN Roy
C. People's Plan       3. Sriman Narayan
D. Sarvodaya Plan       4. Birla and Tata groups
Below the Codes are given in A B C D order
A) 2 4 3 1
B) 2 3 4 1
C) 4 2 3 1
D) 4 3 2 1
Answer:  4 3 2 1


   
798) The national income of a country for a given period is equal to the
A) total value of goods and services produced by nationals
B) sum of total consumption and investment expenditure
C) sum of personal income of all individuals.
D) Money value of final goods and services produced
Answer:  total value of goods and services produced by nationals

   
799) Which five year plan had a unique feature to lay down specific targets for each state in consultation with the State Government?
A) 10th Five Year Plan
B) 8th Five Year Plan
C) 12th Five Year Plan
D) 11th Five Year Plan
Answer:  10th Five Year Plan


   
800) Which one of the following Five Year Plan had the objectives to achieve self-sufficiency in foodgrains and increase agricultural production to meet the requirements of industry and exports?
A) First Plan
B) Second Plan
C) Third Plan
D) None of these
Answer:  Third Plan