NATURE OF INDIAN ECONOMY MCQS SET 21

NATURE OF INDIAN ECONOMY MCQS SET 21

201) In the context of Indian economy, consider the following pairs:
Term - Most appropriate description
1. Melt down - Fall in stock prices
2. Recession - Fall in growth rate
3. Slow down - Fall in GDP
Which of the pairs given above is/are correctly matched?
A) 1 only
B) 2 and 3 only
C) 1 and 3 only
D) 1, 2 and 3
Correct Answer: 1 only
   
202) The Nehru-Mahalanobis strategy of development guided the planning practice in India from the
A) First Five-Year Plan to the Sixth Five-Year Plan
B) Fourth Five-Year Plan to the Eighth Five-Year Plan.
C) Second Five-Year Plan to the Seventh Five-Year Plan
D) First Five-Year Plan to the Eighth Five-Year Plan
Correct Answer: Second Five-Year Plan to the Seventh Five-Year Plan
   
203) Match the following:
Five Year Plan       Emphasis
A. First      1. Food Security and women empowerment
B. Second      2. Heavy industries
C. Fifth      3. Agriculture and community development
D. Ninth      4. Removal of poverty
A B C D
A) 1 2 4 3
B) 3 2 4 1
C) 1 4 2 3
D) 3 4 2 1
Correct Answer: 3 2 4 1   
 
204) Consider the following about the “Rolling Plan':
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 years
Which of the above are correct?
A) l and II
B) l and III
C) II and III
D) I, II. III and IV
Correct Answer: l and III
   
205) A “closed economy" is an economy in which
A) the money supply is fully controlled
B) deficit financing takes place
C) only exports take place
D) neither exports nor imports take place
Correct Answer: neither exports nor imports take place
 
206) The period of 12th Five Year Plan is:
A) 2007-12
B) 2008-13
C) 2010-15
D) 2012-17
Correct Answer: 2012-17
   
207) Which of the following are the features of 12th Five Year Plan?
1. Average growth target has been set at 8.2 per cent.
2. Areas of main thrust are infrastructure, health and education
3. It seeks to achieve 4 per cent agriculture sector growth during five year period
A) 1 only
B) 1 and 2 only
C) 1 and 3 only
D) 1, 2 and 3
Correct Answer: 1, 2 and 3
   
208) For which year the latest census is being conducted in India?
A) 2001
B) 2010
C) 2012
D) 2011
Correct Answer: 2011
   
209) How many censuses (including the 2011 census) have been carried out since independence?
A) 5
B) 6
C) 7
D) 8
Correct Answer: 7
   
210) At what interval of years population census is conducted in India?
A) 5 years
B) 6 years
C) 10 years
D) 15 years
Correct Answer: 10 years