NATURE OF INDIAN ECONOMY MCQS SET 13

NATURE OF INDIAN ECONOMY MCQS SET 13

121) Which one of the following is the task of the Planning Commission?
A) Preparation of the plan
B) Implementation of the plan
C) Financing of the plan
D) Both (a) and (b)
Correct Answer: Preparation of the plan
   
122) Who authored the book “Economic History of India'?
A) R. C. Dutt
B) M. Visvesvaraya
C) Sardar Vallabhbhai Patel
D) Jawaharlal Nehru
Correct Answer: R. C. Dutt
   
123) Who wrote the book 'Planned Economy for India'?
A) M. Visvesvaraya
B) R. C. Dutt
C) Jawaharlal Nehru
D) Mahatma Gandhi
Correct Answer: M. Visvesvaraya
   
124) "Capitalism" refers to:
A) the use of markets
B) government ownership of capital goods
C) private ownership of capital goods
D) private ownership of homes & cars
Correct Answer: private ownership of capital goods
   
125) 'Globalisation of Indian Economy' means:
A) stepping up external borrowings
B) establishing Indian business units abroad
C) having minimum possible restrictions on economic relations with other countries
D) giving up programmes of import substitution
Correct Answer: having minimum possible restrictions on economic relations with other countries

126) The contribution of agriculture to lndia's economy is:
A) increasing
B) decreasing
C) constant
D) None of these
Correct Answer: decreasing
   
127) Which of the following bodies finalises the Five Year Plan proposals?
A) Planning Commission
B) Union Cabinet
C) National Development Council
D) Ministry of Planning
Correct Answer: National Development Council
   
128) National Development Council was set up in:
A) 1948
B) 1950
C) 1951
D) 1952
Correct Answer: 1952
   
129) Economic planning is an essential feature of:
A) socialist economy
B) mixed economy
C) dual economy
D) capitalist economy
Correct Answer: socialist economy
   
130) Economic Planning is a subject:
A) in the Union List
B) in the State List
C) in the Concurrent List
D) unspecified in any special list
Correct Answer: in the Concurrent List