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MCQs

Total Questions : 10
Question 1.


The difference between the GNP and NNP is equal to the:


  1.     consumer expenditure on durable goods
  2.     direct tax revenue
  3.     indirect tax revenue
  4.     capital depreciation
 Discuss Question
Answer: Option D. -> capital depreciation
:
D
 
Question 2.


Panchayati Raj institutions are intended to strengthen:


  1.     indicative planning
  2.     multi level planning
  3.     structural planning
  4.     functional planning
 Discuss Question
Answer: Option B. -> multi level planning
:
B
 
Question 3.


The belief that economic growth will percolate down to all sectors was known as


  1.     dispersal theory
  2.     decentralised growth theory
  3.     pump priming
  4.     trickle down
 Discuss Question
Answer: Option D. -> trickle down
:
D
 
Question 4.


First Plan adopted


  1.     Lewis-Fei model
  2.     Mahalanobis model
  3.     HarrodDomar model
  4.     Keynesian model
 Discuss Question
Answer: Option C. -> HarrodDomar model
:
C
 
Question 5.


The philosophy behind economic planning recognizes that:


  1.     socialism is superior to capitalism
  2.     human beings are essentially selfish
  3.     markets and price system alone cannot ensure human welfare
  4.     public sector is inherently superior
 Discuss Question
Answer: Option C. -> markets and price system alone cannot ensure human welfare
:
C
 
Question 6.


Chronic unemployment is measured using:


  1.     US data
  2.     CWS data
  3.     none of the two
  4.     both a & b
 Discuss Question
Answer: Option D. -> both a & b
:
D
 
Question 7.


Which of the following are characteristics of 'Public Goods'?
1.These are available to all without discrimination.
2.The enjoyment of one is not at the expense of others.
3.The rich can be made to pay for access to these goods.


  1.     1,2 and 3
  2.     1 and 3
  3.     1 and 2
  4.     3 only
 Discuss Question
Answer: Option C. -> 1 and 2
:
C
 
Question 8.


Which of the following is not a method of estimating national income?


  1.     Product method
  2.     Export-import method
  3.     Income method
  4.     Expenditure method
 Discuss Question
Answer: Option B. -> Export-import method
:
B
 
Question 9.


The national income of a nation is the:


  1.     government's annual revenue
  2.     sum total of factor incomes
  3.     surplus of public sector undertakings
  4.     exports minus imports
 Discuss Question
Answer: Option B. -> sum total of factor incomes
:
B
 
Question 10.


Structural Planning refers to:


  1.     laying down broad goals and strategies
  2.     centralized planning
  3.     fixing flexible targets
  4.     changing existing institutions or creating new ones
 Discuss Question
Answer: Option D. -> changing existing institutions or creating new ones
:
D
 

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