Indian Economy And Planning Quiz 11 (20 MCQs)

Quiz Instructions

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1. The decentralisation system was recommended by :

Correct Answer: C) Balwant Rai Mehta.

2. Which Gandhian economist proposed an alternative blueprint that put greater emphasis on rural industrialization:

Correct Answer: C) Kumarappa.

3. Which of the following plan is based on the "Gandhian plan" ?

Correct Answer: B) S.N Agarwal plan & J.P Narayan plan.

4. 10-Which of the following is an objective of tax management?

Correct Answer: C) Compliance with legal formalities.

5. In India, the Public Sector is most dominant in : [IAS 1993]

Correct Answer: C) Commercial banking.

6. Equity as a goal of planning aims to achieve the following objectives:

Correct Answer: D) All of these.

7. In case of credit money

Correct Answer: B) Money value>commodity value.

8. 'Globalisation of Indian Economy' means:

Correct Answer: C) Having minimum possible restrictions on economic relations with other countries.

9. Which of the following is not a function of central bank

Correct Answer: C) Money creation.

10. The Chairman of the National Development Council is:

Correct Answer: C) Prime Minister of India.

11. During which Five Year Plan was the total expenditure on agriculture the highest?

Correct Answer: D) Fourth Five Year Plan.

12. 8-Concealment of income or false claims to reduce tax liability are cases of .....

Correct Answer: A) Tax evasion.

13. What was the name given to the model of decentralized planning adopted by the southern state of India?

Correct Answer: A) Kerala Model.

14. Which of the following is NOT a function of the Planning Commission of India? [RBI Grade B Officer 2011]

Correct Answer: D) Preparation of annual budget of the country and collection of taxes to raise capital for the implementation of the plans.

15. .... is the ex-officio chairman of Planning Commission and National Development Council.

Correct Answer: A) Prime Minister.

16. National Development Council is consists of

Correct Answer: D) A & c.

17. Which is not the initiatives of NITI Aayog?

Correct Answer: C) Make in India.

18. Which instrument(s) is/are used to restrict imports?

Correct Answer: C) Both Quota & Tariff.

19. National Planning Commission was set up in

Correct Answer: A) Congress plan.

20. The Planning Commission is : [UP PCS 1994]

Correct Answer: C) An Advisory body.