NATURE OF INDIAN ECONOMY MCQS SET 20

NATURE OF INDIAN ECONOMY MCQS SET 20

191) Which of the statements given below is/are correct?
1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning Commission in India is a constitutional body.
A) 1 only
B) 2 only
C) Both 1 and 2
D) Neither1 nor 2
Correct Answer: 1 only
   
192) Who among the following was the first Chairman of the Planning Commission?
A) Dr. Rajendra Prasad
B) Pt. Jawahar Lal Nehru
C) Sardar Vallabhbhai Patel
D) J.B. Kripalani
Correct Answer: Pt. Jawahar Lal Nehru
   
193) Which of the following statements about the Indian Economy is correct?
A) In India, single biggest employment is agriculture and allied activities.
B) Indian economy is as developed as that of China.
C) About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.
D) About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital.
Correct Answer: In India, single biggest employment is agriculture and allied activities.
   
194) Which of the following is NOT a function of the Planning Commission of India?
A) Assessment of the material, capital and human resources of the country
B) Formulation of plans for the most effective and balanced utilization of country's resources
C) Public cooperation in national development
D) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
Correct Answer: Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans
   
195) Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India?
A) Services-lndustry-Agriculture
B) Services-Agriculture-Industry
C) Industry-Services-Agriculture
D) Industry-Agriculture-Services
Correct Answer: Services-lndustry-Agriculture

196) __ is the ex-officio chairman of Planning Commission and National Development Council.
A) Prime Minister
B) President
C) Finance Minister
D) Commerce Minister
Correct Answer: Prime Minister
   
197) Which statement is correct for Indian Planning Commission?
A) Members and Vice-Chairman of it do not have fixed working duration
B) It is not defined in Indian Constitution
C) Members do not require any minimum education
D) All of the these
Correct Answer: All of the these
   
198) Which of the following is/are a/an indicator of the financial health of a country?
1. GDP
2. PPP
3. FBI in a year
A) Only (1)
B) Only (2)
C) Only (3)
D) All (1), (2) & (3)
Correct Answer: All (1), (2) & (3)
   
199) In the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in
A) Fourth Plan
B) Sixth Plan
C) Eighth Plan
D) Tenth Plan
Correct Answer: Eighth Plan
   
200) Deficit financing means that the government borrows money from the
A) lMF
B) RBI
C) local bodies
D) big businessmen
Correct Answer: RBI