Indian Economic Scheme Quiz

Hi I am Soumyadeep. Here I am sharing about useful questions on Indian Economy. These questions are picked upwards from previous papers of diverse Banking, IAS, CDS together with NDA Exams. Happy Reading.
  1. Who is called the “Father of Economics” ?
    1. max Muller
    2. Karl Marx
    3. Adam Smith
    4. None of these
  2. The concept of Five Year Plans inwards Bharat was introduced by 
    1. Lord Mountbaten
    2. Jawaharlal Nehru
    3. Indira Gandhi
    4. Lal Bahadur Shastri
  3. India has :
    1. Socialist economy
    2. Gandhian economy
    3. Mixed economy
    4. Free economy
  4. India opted for “Mixed Economy” inwards :
    1. Farming of the Constitution 
    2. Second Fiver Year Plan
    3. Industrial Policy of 1948
    4. None of the above
  5. Mixed economic scheme way an economic scheme where 
    1. both agriculture together with manufacture are as promoted past times the state
    2. there is co-existence of world sector along amongst mortal sector
    3. there is importance of pocket-sized scale industries along amongst heavy industries
    4. economy is controlled past times military machine too as civilian rulers
  6. India’s economical planning CANNOT live on said to be 
    1. indicative
    2. imperative
    3. limited
    4. democratic
  7. Which of the next could live on said to convey prevented the ‘trickle down’ effects inwards Indian economic scheme ?
      1. A. increased dependence of agriculture on purchased inputs together with privately managed irrigation
      2. B. to a greater extent than work of labour past times larger landholding farmers 
      3. C. lowered participation of women inwards agricultural workforce due to novel technology
      4. D. the failure of the Green Revolution
    1. A together with B
    2. B together with C
    3. A together with C
    4. B together with D
  8. Which i of the next is the chore of the Planning Commission ?
    1. Preparation of the plan
    2. Implementation of hte plan
    3. Financing the plan
    4. Both 1 together with 2
  9. Who wrote the majority “Planned Economy for India” ?
    1. M. Visvesvaraya
    2. Sardar Vallabhbhai Patel
    3. Jawahral Nehru
    4. Mahatma Gandhi
  10. ‘Globalization of Indian Economy’ way :
    1. stepping upwards external borrowings
    2. establishing Indian draw concern units abroad
    3. having minimum possible restrictions on economical relations amongst other countries 
    4. giving upwards programmes significant substitution
  11. The contribution of agriculture to India’s economic scheme is 
    1. increasing
    2. decreasing
    3. constant
    4. none of these
  12. Which of the next bodies finalises the Five Year Plan proposals ?
    1. Planning Commission
    2. Union Cabinet
    3. National Development Council
    4. Ministry of Planning
  13. National Development Council was ready inwards :
    1. 1948
    2. 1950
    3. 1951
    4. 1952
  14. Economic Planning is a dependent area :
    1. in the Union List
    2. in the State List
    3. in the Concurrent List
    4. unspecified inwards whatever exceptional list
  15. For internal financing of Five Year Plans, the authorities depends on :
    1. taxation only
    2. taxation together with world borrowing
    3. public borrowing together with deficit financing
    4. taxation, world borrowing together with deficit financing
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