MCQs
Total Questions : 376
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Answer: Option A. -> NITI Aayog
Answer: (a)
Planning Commission has been replaced by an institution named NITI Aayog. In 2014, the Central Government led by Prime Minister Narendra Modi decided to wind down up the Planning Commission.
It was proposed to replace it with a more dynamic organisation that is more popular and connected to the times.
Answer: (a)
Planning Commission has been replaced by an institution named NITI Aayog. In 2014, the Central Government led by Prime Minister Narendra Modi decided to wind down up the Planning Commission.
It was proposed to replace it with a more dynamic organisation that is more popular and connected to the times.
Answer: Option C. -> Both (A) and (B)
Answer: (c)
Answer: (c)
Question 3. Consider the following statements regarding Indian planning.
Which of the statements given above is/are correct?
- The Second Five Year plan emphasized the establishment of heavy industries.
- The Third Five Year Plan aimed to achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.
Which of the statements given above is/are correct?
Answer: Option B. -> 1 and 2 both
Answer: (b)
The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.
The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy.
The Second Five Year Plan focused mainly on heavy industry as against the first plan which was essentially an agricultural plan. This was done to boost domestic production and manufacturing of goods.
The third Plan aimed to achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.
Answer: (b)
The Second Five Year Plan heralded in a true sense the Socialist Project of the then Prime Minister, Jawaharlal Nehru.
The economic policies of Nehru were heavily influenced by the erstwhile Union of Soviet Socialist Republics (USSR) which had followed the path of speedy industrialisation to expand the manufacturing base of its economy.
The Second Five Year Plan focused mainly on heavy industry as against the first plan which was essentially an agricultural plan. This was done to boost domestic production and manufacturing of goods.
The third Plan aimed to achieve self-sufficiency in food grains and increase agricultural production to meet the requirements of industry and exports.
Answer: Option C. -> longevity, knowledge, and standard of living
Answer: (c)
Answer: (c)
Answer: Option D. -> 1, 2 and 3
Answer: (d)
The Government's objective of inclusive growth can be furthered by promoting self-help groups, promoting micro, small and medium enterprises and implementing the right to education.
This will improve employment opportunities, increase GDP etc.
Answer: (d)
The Government's objective of inclusive growth can be furthered by promoting self-help groups, promoting micro, small and medium enterprises and implementing the right to education.
This will improve employment opportunities, increase GDP etc.
Answer: Option B. -> Fifth plan
Answer: (b)
The slogan of ‘poverty abolition’ was given by Indira Gandhi in 1971 and it was implemented during the Fifth Five Year Plan 1974–79.
Gandhi promised to reduce poverty by targeting the consumption levels of the poor and enact wide-ranging social and economic reforms.
2nd plan - ‘Socialist pattern & life’
4th plan - ‘Garibi Hatao’
6th plan - ‘‘Rolling plan’ taken from Japan coined by Gunnar Myrdal.
Answer: (b)
The slogan of ‘poverty abolition’ was given by Indira Gandhi in 1971 and it was implemented during the Fifth Five Year Plan 1974–79.
Gandhi promised to reduce poverty by targeting the consumption levels of the poor and enact wide-ranging social and economic reforms.
2nd plan - ‘Socialist pattern & life’
4th plan - ‘Garibi Hatao’
6th plan - ‘‘Rolling plan’ taken from Japan coined by Gunnar Myrdal.
Question 7. Consider the following statements :
Which of the statements given above is/are correct about the Indicative planning?
- The state sets broad parameters and goals for the economy.
- The targets to be achieved are broadly set by the state.
- The plan is made for a specific time period of about 15 years.
Which of the statements given above is/are correct about the Indicative planning?
Answer: Option C. -> 1 and 2
Answer: (c)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.
Answer: (c)
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in the market and mixed economies in order to increase economic performance.
Regarding indicative planning, the state sets broad parameters and goals for the economy and the targets to be achieved are broadly set by the state.
Question 8. Consider the following economic processes taking place in Indian Economy :
- Import of western culture through the mass media and telecommunication system in India.
- Establishment of factory limits of MNCs in India.
- Acquisition of branded foreign companies by Indian business tycoons.
Answer: Option C. -> 1, 2 and 3
Answer: (c)Under Globalisation, all the following are covered – Import of western culture through the mass media and telecommunication system, establishment of factory limits of MNCs and acquisition of branded foreign companies by business tycoons.
Answer: (c)Under Globalisation, all the following are covered – Import of western culture through the mass media and telecommunication system, establishment of factory limits of MNCs and acquisition of branded foreign companies by business tycoons.
Answer: Option B. -> 1st April, 1951
Answer: (b)
Answer: (b)
Question 10. Consider the following statements
Which among the following statement is/ are incorrect?
- Absolute Poverty: It refers to the total number of people living below the Poverty line. As per this measure, around 30% of India’s population is below the poverty line.
- Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.
Which among the following statement is/ are incorrect?
Answer: Option B. -> Neither 1 nor 2
Answer: (b)
Absolute Poverty: It refers to the total number of people living below the Poverty line. As per this measure, around 30% of India’s population is below the poverty line.
Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.
Answer: (b)
Absolute Poverty: It refers to the total number of people living below the Poverty line. As per this measure, around 30% of India’s population is below the poverty line.
Relative Poverty: It refers to the Poverty of people, in comparison to other people, regions in the nation.
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