This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy And Planning – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 2 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. When did the first 5year plan came into effect A) 1st April 1951. B) 1st April 1961. C) 1st April 1971. D) 1st April 1941. Show Answer Correct Answer: A) 1st April 1951. 2. The basic feature of the Rolling Plans was that: A) No physical targets were visualized. B) Revision of the achievements, of previous year. C) Annual fluctuations in prices and major economic developments could be considered while fixing targets. D) No financial target except in the term of annual plans was envisaged. Show Answer Correct Answer: C) Annual fluctuations in prices and major economic developments could be considered while fixing targets. 3. Human Development Index is not related to ..... A) Life Expectancy. B) Per Capita Income. C) Gross Domestic Product. D) Education. Show Answer Correct Answer: C) Gross Domestic Product. 4. During which five year plan private sector got priority over public sector? A) 7th five year plan. B) 8th five year plan. C) 9th five year plan. D) 10th five year plan. Show Answer Correct Answer: A) 7th five year plan. 5. Long Term Measures undertaken during 1991 New Economic Policy were called as:- A) Structural Measures. B) Stablisation measures. C) Reformational Measures. D) Development Measures. Show Answer Correct Answer: A) Structural Measures. 6. Full form of NITI Aayog is A) National Institute for Transforming India. B) National Institution for Transforming India. C) National Institute for Transmitting India. D) None of the above. Show Answer Correct Answer: B) National Institution for Transforming India. 7. Which of the following objectives of 4th five year plan? A) Focus on agricultural development of the country. B) Industrial development of the country. C) Growth with stability and progress achievement of self reliance. D) Self sufficient economy and opportunities for productive employment. Show Answer Correct Answer: C) Growth with stability and progress achievement of self reliance. 8. In which year India's first five year plan launched? A) 1951. B) 1947. C) 1940. D) 1950. Show Answer Correct Answer: A) 1951. 9. The very first five-year plan of India was based on the model of A) Mahalanobis model. B) Harrod Domar Model. C) Bombay Plan. D) None of these. Show Answer Correct Answer: B) Harrod Domar Model. 10. Planning in India derives its objectives from: A) Fundamental Rights. B) Directive Principles of State policy. C) Fundamental Duties. D) Preamble. Show Answer Correct Answer: B) Directive Principles of State policy. 11. The currency created by the central bank is called A) High powered money. B) Money. C) Bank money. D) Money supply. Show Answer Correct Answer: A) High powered money. 12. What was the main theme of the 12th five-year plan of India A) Faster and more inclusive growth. B) Faster, More Inclusive and Sustainable Growth. C) Growth with justice and equity. D) Sustainable development. Show Answer Correct Answer: B) Faster, More Inclusive and Sustainable Growth. 13. Which of the following agency is responsible for issuing Rs 1 currency note in India? A) RBI. B) Ministry of commerce. C) Ministry of finance. D) Niti aayog. Show Answer Correct Answer: C) Ministry of finance. 14. Success of 4th plan was obstructed by : A) Poor monsoon. B) War with Pakistan. C) Problem of Bengal refugees. D) All of the above. Show Answer Correct Answer: D) All of the above. 15. Main reason for plan holiday 1966-69 was. A) Failure of third five year plan. B) War with Pakistan. C) Death of pt Jawahar Lal Nehru. D) 1&2. E) 1, 2&3. Show Answer Correct Answer: D) 1&2. 16. Assertion:The idea of planning as a process of rebuilding the economy earned public support in the 1940s and 1950s all over the world. Reason:Many countries were influenced by economic growth against heavy odds in the soviet union in the 1930s and 1940s A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true but R is NOT the correct explanation of A. C) A is true but R is false. D) A is false but R is true. Show Answer Correct Answer: A) Both A and R are true and R is the correct explanation of A. 17. Rolling plan was designed for the period: [IAS 2003] A) 1978-83. B) 1980-85. C) 1985-90. D) 1974-97. Show Answer Correct Answer: A) 1978-83. 18. Right refers to those who believe that1. Free competition and market economy alone ensure progress2. Th govt must intervene in the economy A) Only 1. B) Only 2. C) None. D) Both. Show Answer Correct Answer: A) Only 1. 19. Who wrote the book 'Planned Economy for India'? A) M. Visvesvaraya. B) Sardar Vallabhbhai Patel. C) Jawaharlal Nehru. D) Mahatma Gandhi. Show Answer Correct Answer: A) M. Visvesvaraya. 20. The first attempt to initiate economic planning in India was made by: A) Balwantrai Mehta. B) Vallabhbhai Patel. C) M. Visvesvaraya. D) Jawaharlal Nehru. Show Answer Correct Answer: C) M. Visvesvaraya. ← PreviousNext →Related QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 3Indian Economy And Planning Quiz 4Indian Economy And Planning Quiz 5Indian Economy And Planning Quiz 6Indian Economy And Planning Quiz 7Indian Economy And Planning Quiz 8Indian Economy And Planning Quiz 9Indian Economy And Planning Quiz 10Indian Economy And Planning Quiz 11 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books