This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy And Planning – Quiz 3 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 3 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. National Development Council was set up in: A) 1948. B) 1950. C) 1951. D) 1952. Show Answer Correct Answer: D) 1952. 2. Which economic model is followed by India? A) Socialist model. B) Capitalist model. C) Mixed model. D) None of these. Show Answer Correct Answer: C) Mixed model. 3. Hiring workers in other countries to do a set of jobs A) Outsourcing. B) Fundamental. C) Overlap. D) Professional. Show Answer Correct Answer: A) Outsourcing. 4. Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002] A) Planning Commission. B) Union Cabinet. C) National Development Council. D) Ministry of Planning. Show Answer Correct Answer: C) National Development Council. 5. Planning Commission was scrapped on A) 2010. B) 2015. C) 2014. D) 2011. Show Answer Correct Answer: C) 2014. 6. In which five-year plan India opted for a mixed economy? A) First. B) Second. C) Third. D) Fourth. Show Answer Correct Answer: B) Second. 7. At the time of independence what percentage of population of India were depend on agriculture? A) 70. B) 75. C) 80. D) 85. Show Answer Correct Answer: B) 75. 8. What can be a Good Example Of Think-tank in the following. A) To solve classroom related issues, the teacher forms a group of students. this group discusses the problems and finds solutions to it. B) To solve classroom related issues, teacher forms a group with other teachers in the staff room to discuss the problems and find solutions to it. Show Answer Correct Answer: A) To solve classroom related issues, the teacher forms a group of students. this group discusses the problems and finds solutions to it. 9. NITI Aayog is neither a constitutional nor a statutory body A) Agree. B) Disagree. Show Answer Correct Answer: A) Agree. 10. Does NITI Aayog incorporates the NRI (Non-Resident Indian) community's proposal A) Agree. B) Disagree. Show Answer Correct Answer: A) Agree. 11. Buying and selling of government securities by the central bank from/to banks is called? A) Open market operations. B) Margin. C) Banking. D) None of above. Show Answer Correct Answer: A) Open market operations. 12. The Industrial Policy Resolution was adopted in ..... A) 1954. B) 1958. C) 1956. D) 1952. Show Answer Correct Answer: C) 1956. 13. Who was the first chairman of Planning Commission, GOI A) S.C Bose. B) Dr. B.R Ambedkar. C) Dr. Rajendra Prasad. D) Jawaharlal Nehru. Show Answer Correct Answer: D) Jawaharlal Nehru. 14. When was Niti Aayog setup? A) 1 January 2016. B) 1 April 2015. C) 15 March 2016. D) 1 January 2015. Show Answer Correct Answer: D) 1 January 2015. 15. India had a plan holiday: [CPO AC 2003] A) After the China-India War of 1962. B) After the drought of 1966. C) After the liberation of Bangladesh in 1971. D) After the India-Pakistan War in 1965. Show Answer Correct Answer: B) After the drought of 1966. 16. The objective of self-reliance and zero net foreign aid was declared in : A) Second 5-Yr Plan. B) Third 5-Yr Plan. C) Fourth 5-Yr Plan. D) Fifth 5-Yr Plan. Show Answer Correct Answer: C) Fourth 5-Yr Plan. 17. After 1967, how many banks were nationalized? A) 12. B) 14. C) 13. D) 15. Show Answer Correct Answer: B) 14. 18. Economic survey is published by :[IAS 1998] A) Ministry of Finance. B) Planning Commission. C) Govt. of India. D) Indian Statistical Institute. Show Answer Correct Answer: A) Ministry of Finance. 19. Demand deposit created by the commercial bank are called A) High powered money. B) Money. C) Bank money. D) Time deposit. Show Answer Correct Answer: C) Bank money. 20. Which plan focused shift of labour from the agrarian sector to industrial sector? A) M.N Roy plan. B) S.N Agarwal plan. C) Vishveshwarya plan. D) J.P Narayan plan. Show Answer Correct Answer: C) Vishveshwarya plan. ← PreviousNext →Related QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 2Indian 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