This quiz works best with JavaScript enabled. Home > General Knowledge > Indian Economy > Planning > Indian Economy And Planning – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 4 (40 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The decentralisation system was recommended by : A) C.Rajagopalachari. B) J.B. Kripalan. C) Ashok Mehta. D) Balwant Rai Mehta. Show Answer Correct Answer: D) Balwant Rai Mehta. 2. Which Gandhian economist proposed an alternative blueprint that put greater emphasis on rural industrialization: A) Sardar Patel. B) Tiwari Ji. C) Kumarappa. D) Gandhi Ji. Show Answer Correct Answer: C) Kumarappa. 3. Which of the following plan is based on the "Gandhian plan" ? A) Congress plan & Bombay plan. B) S.N Agarwal plan & J.P Narayan plan. C) Vishveshwarya plan & M.N Roy plan. D) None of above. Show Answer Correct Answer: B) S.N Agarwal plan & J.P Narayan plan. 4. 10-Which of the following is an objective of tax management? A) Healthy growth of economy. B) Compliance with legal formalities. C) Minimize litigation. D) Productive investment. Show Answer Correct Answer: B) Compliance with legal formalities. 5. In India, the Public Sector is most dominant in : [IAS 1993] A) Commercial banking. B) Organised term-lending financial institutions. C) Steel production. D) Transport. Show Answer Correct Answer: A) Commercial banking. 6. Equity as a goal of planning aims to achieve the following objectives: A) Reduction in economic inequalities. B) Curbing concentration of economic power. C) Uplifting the weaker sections of society. D) All of these. Show Answer Correct Answer: D) All of these. 7. 'Globalisation of Indian Economy' means: A) Having minimum possible restrictions on economic relations with other countries. B) Giving up programmes of import substitution. C) Establishing Indian business units abroad. D) Stepping up external borrowings. Show Answer Correct Answer: A) Having minimum possible restrictions on economic relations with other countries. 8. Which of the following is not a function of central bank A) Controller of credit. B) Money creation. C) Lender of last resort. D) Banker's supervisor. Show Answer Correct Answer: B) Money creation. 9. The Chairman of the National Development Council is: A) President of India. B) Prime Minister of India. C) Chief Minister of U.P. D) Finance Minister of India. Show Answer Correct Answer: B) Prime Minister of India. 10. During which Five Year Plan was the total expenditure on agriculture the highest? A) First Five Year Plan. B) Second Five Year Plan. C) Fourth Five Year Plan. D) Third Five Year Plan. Show Answer Correct Answer: C) Fourth Five Year Plan. 11. 8-Concealment of income or false claims to reduce tax liability are cases of ..... A) Tax management. B) Tax evasion. C) Tax avoidance. D) Tax planning. Show Answer Correct Answer: B) Tax evasion. 12. What was the name given to the model of decentralized planning adopted by the southern state of India? A) Kerala Model. B) Tamil Nadu Model. C) Andhra Pradesh Model. D) Karnataka Model. Show Answer Correct Answer: A) Kerala Model. 13. Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011] 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. Show Answer Correct Answer: D) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans. 14. .... is the ex-officio chairman of Planning Commission and National Development Council. A) Finance Minister. B) President. C) Commerce Minister. D) Prime Minister. Show Answer Correct Answer: D) Prime Minister. 15. National Development Council is consists of A) Members of the Planning Commission. B) Chief Ministers of the states. C) Governors of the states. D) A & c. Show Answer Correct Answer: D) A & c. 16. Which is not the initiatives of NITI Aayog? A) Atal Mission Rejuvenation & Urban Transform (AMRUT). B) Make in India. C) Medical Education Reforms. D) Digital India. Show Answer Correct Answer: B) Make in India. 17. Which instrument(s) is/are used to restrict imports? A) Quota. B) Tariff. C) Both Quota & Tariff. D) None of these. Show Answer Correct Answer: C) Both Quota & Tariff. 18. National Planning Commission was set up in A) Bombay plan. B) Congress plan. C) People's plan. D) JP Narayan plan. Show Answer Correct Answer: B) Congress plan. 19. The Planning Commission is : [UP PCS 1994] A) A Ministry. B) An Advisory body. C) An Autonomous Corporation. D) A Government department. Show Answer Correct Answer: B) An Advisory body. 20. India joined UN in which year? A) 1945. B) 1946. C) 1947. D) 1948. Show Answer Correct Answer: A) 1945. 21. Assertion:Tribal people are against the mining of iron ore in Orissa Reason:The tribal population fears that the setting up of industries will cause displacement from their home and livelihood A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and R is NOT the correct explanation of A. C) A is true but R is false. D) Both A and R are false. Show Answer Correct Answer: B) Both A and R are true and R is NOT the correct explanation of A. 22. 7-How much percentage of income from the manufacture of tea is considered as business income. A) 40%. B) 30%. C) 20%. D) 10%. Show Answer Correct Answer: A) 40%. 23. 'Modernisation' as a goal of planning in the context of Indian economy aimed at: A) Use of new technology. B) Change in social outlook. C) Adopting western life style. D) Both (a) and (b). Show Answer Correct Answer: D) Both (a) and (b). 24. Why does public sector plays an important role during planning period? A) Market was not big enough to encourage prive industrialists. B) Private industrialists lack with capital to invest. C) Policy makers tried to develop Indian economy on socialistic lines. D) All of these. Show Answer Correct Answer: D) All of these. 25. The pair of notes demonetized A) 500, 2000. B) 500, 1000. C) 1000, 2000. D) None of above. Show Answer Correct Answer: B) 500, 1000. 26. A "closed economy" is an economy in which [CSAT 2011] A) The money supply is fully controlled. B) Neither exports nor imports take place. C) Deficit financing takes place. D) Only exports take place. Show Answer Correct Answer: B) Neither exports nor imports take place. 27. Sustainable growth in mentioned in which five year plan? A) 9th. B) 11th. C) 12th. D) 10th. Show Answer Correct Answer: C) 12th. 28. The main objective of First Five-year Plan was: A) Industrial growth. B) Economic growth. C) Development of agriculture including irrigation and power projects. D) Self-reliance. Show Answer Correct Answer: C) Development of agriculture including irrigation and power projects. 29. Who is not a member of national development council? A) Prime minister. B) Members of planning commission. C) Governers of state. D) Chief minister. Show Answer Correct Answer: C) Governers of state. 30. The production decision under which economic system is based upon the market forces of demand and supply? A) Mixed economy. B) Capitalist economy. C) Socialist economy. D) None of these. Show Answer Correct Answer: B) Capitalist economy. 31. Economic liberalisation in India was initiated in 1991 by Prime Minister ..... and his then-Finance Minister ..... A) P.V Narasimha Rao, Ghulam Nabi Azad. B) P. V. Narasimha Rao, Dr. Manmohan Singh. C) P.V Narasimha Rao, Madhav Rao Scindia. D) P.V Narasimha Rao, Inder Kumar Gujral. Show Answer Correct Answer: B) P. V. Narasimha Rao, Dr. Manmohan Singh. 32. In which Plan was the growth rate target exceeded? A) First. B) Fifth. C) Sixth. D) None of these. Show Answer Correct Answer: A) First. 33. "Garibi Hatao" was a the main objective of which five year plans. A) 8th. B) 2nd. C) 3rd. D) 5th. Show Answer Correct Answer: D) 5th. 34. In India, the concepts of "minimum heeds" and "directed anti-poverty programmes" were the innovations of: [CDS 2004] A) Fifth Five-year Plan. B) Seventh Five-year Plan. C) Fourth Five-year Plan. D) Sixth Five-year Plan. Show Answer Correct Answer: A) Fifth Five-year Plan. 35. Who was the last deputy chairman of the Planning Commission? A) Shri Pranab Mukherjee. B) Montek Singh Ahluwalia. Show Answer Correct Answer: B) Montek Singh Ahluwalia. 36. Which plan was presented by 8 leading industrialists as a 15 year Investment plan? A) Bombay plan. B) J.P Narayan plan. C) Congress plan. D) People's plan. Show Answer Correct Answer: A) Bombay plan. 37. Which one of the following is the task of the Planning Commission? [NDA 1991] A) Preparation of the plan. B) Implementation of the plan. C) Financing of the plan. D) Both A and B. Show Answer Correct Answer: A) Preparation of the plan. 38. Nehru was our first Prime Minister as well as A) Finance Minister. B) Education Minister. C) Foreign Minister. D) Health Minister. Show Answer Correct Answer: C) Foreign Minister. 39. Who is vice Chairperson of Niti Aayog A) Prof Ramesh Chand. B) Dr Rajiv Kumar. C) Shri V.K Saraswat. D) Dr V.K Paul. Show Answer Correct Answer: B) Dr Rajiv Kumar. 40. Which of the following was not the objective of the 12th Five-Year Plan? A) To reduce malnutrition among children aged 0-3 years. B) To create 50 million new work opportunities in the non-farm sector. C) To bring down the fiscal deficit at 0% by 2015. D) To increase green cover by 1 million hectares every year. Show Answer Correct Answer: C) To bring down the fiscal deficit at 0% by 2015. ← PreviousRelated QuizzesIndian Economy QuizzesGeneral Knowledge QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 2Indian Economy And Planning Quiz 3Fiscal System Of India QuizIndian Economic Development Policy Quiz 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books