NATURE OF INDIAN ECONOMY MCQS SET 15

NATURE OF INDIAN ECONOMY MCQS SET 15

141) Economic survey is published by:
A) Ministry of Finance
B) Planning Commission
C) Govt. of India
D) Indian Statistical Institute
Correct Answer: Ministry of Finance

   
142) Which one of the following is NOT with in the duties of the Planning Commission?
A) To define the stage of growth and suggest allocation of resources
B) To make an assessment of the material, capital and human resources of the country
C) To determine the nature of machinery required for implementation of plan proposals
D) To prepare the annual central budget
Correct Answer: To prepare the annual central budget 
    
143) The basic difference between imperative and indicative planning is that:
A) it is easier to achieve targets in imperative type of planning
B) in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector
C) in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system
D) in the case of indicative planning, there is no need to nationalise any industry
Correct Answer: in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system
   
144) Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices
A) 1 and 2
B) 1, 2 and 3
C) 1, 2 and 4
D) 2 and 3
Correct Answer: 1 and 2   
145) Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins
A) I. II and III
B) l and IV
C) II and III
D) I, II, III and IV
Correct Answer: I, II, III and IV

146) Dadabhai Naoroji theorised on the drain of wealth from India in his book:
A) Poverty of Economic Drain in British India
B) Poverty under British Rule in India
C) Poverty in British Rule in India
D) Poverty and Un-British Rule in India
Correct Answer: Poverty and Un-British Rule in India
   
147) Which of the following may be termed as long-term objectives of Indian planning?
1. Self-reliance
2. Productive employment generation
3. Growth of 8 per cent per annum
4. Growth in infrastructure
A) 1 and 2
B) 3 and 4
C) 1, 2 and 4
D) 2, 3 and 4
Correct Answer: 1 and 2
   
148) Consider the following.
1. Economic growth
2. Reduction of economic inequalities
3. Balanced regional development
4. Modernization
5. Reduction of unemployment
Which of the above are the objectives of economic planning in India?
A) 1, 2 and 3
B) 1, 3, 4 and 5
C) 1, 2, 4 and 5
D) 1, 2, 3, 4 and 5
Correct Answer: 1, 2, 3, 4 and 5
   
149) Which of the following are not correct assessments of the decades of India's Five Year Plans?
1. There has been very low capital formation
2. Growth has favoured the better off
3. Production has increased substantially though often falling short of targets
4. The public sector has contributed nothing to economic growth.
A) 1 and 4
B) 2 and 3
C) 1, 2 and 3
D) 3 and 4
Correct Answer: 1 and 4
   
150) Who is the Deputy Chairman of Planning Commission?
A) Prime Minister
B) Finance Minister
C) Commerce Minister
D) None of the above
Correct Answer: None of the above