This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy And Planning – Quiz 4 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 4 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Assertion:There were few supporters of the American-style capitalist development in India after independence. Reason:Main responsibility of the govt was poverty alleviation and social and economic redistribution A) Both A and R are true but 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. E) Both A and R are false. Show Answer Correct Answer: A) Both A and R are true but R is the correct explanation of A. 2. Which is the characteristics of an underdeveloped economy? A) General poverty. B) Significance of industrial sector. C) Low growth of population. D) Use of higher production techniques and skills. Show Answer Correct Answer: A) General poverty. 3. Which five year plan is called as " Gadgil yojana" . A) First. B) Second. C) Third. D) Fourth. Show Answer Correct Answer: C) Third. 4. In India, Planning is generally for a period of 5 years. A) True. B) False. C) Not sure. D) None of above. Show Answer Correct Answer: A) True. 5. The concept of Five Year Plans in India was introduced by A) Lord Mountbatten. B) Jawaharlal Nehru. C) Indira Gandhi. D) Lal Bahadur Shastri. Show Answer Correct Answer: B) Jawaharlal Nehru. 6. In India, planning was conceived as the main instrument of: A) Political development. B) Cultural development. C) Social development. D) Socio-economic development. Show Answer Correct Answer: D) Socio-economic development. 7. The Nehru-Mahalanobis strategy of development guided the planning practice in India from the [CDS 2012] A) First Five-Year Plan to the Sixth Five-Year Plan. B) Fourth Five-Year Plan to the Eighth Five-Year Plan. C) Second Five-Year Plan to the Seventh Five-Year Plan. D) First Five-Year Plan to the Eighth Five-Year Plan. Show Answer Correct Answer: C) Second Five-Year Plan to the Seventh Five-Year Plan. 8. 9-Return on investment > rate of interest, ..... funds may be used in capital structure. A) Minimum Debt Fund. B) Maximum Debt Fund. C) Minimum Equity Fund. D) Maximum Equity Fund. Show Answer Correct Answer: B) Maximum Debt Fund. 9. Mixed economy means an economy where [CDS 2009] A) Both agriculture and industry are equally promoted by the state. B) There is co-existence of public sector along with private sector. C) There is importance of small scale industries along with heavy industries. D) Economy is controlled by military as well as civilian rulers. Show Answer Correct Answer: B) There is co-existence of public sector along with private sector. 10. Home or village-based industry in which people make simple goods using their own equipment A) Cottage industry. B) Jute. C) Green revolution. D) Outsourcing. Show Answer Correct Answer: A) Cottage industry. 11. Through ....., the Legislature controls the Policy of the Government A) Executive Control. B) Administrative Control. C) Financial Control. D) Judicial Control. Show Answer Correct Answer: C) Financial Control. 12. In which one of the following five year plans the actual growth performance in India in respect of GDP (at factor cost) was less than the target set? [NDA 2008] A) Sixth five year plan. B) Seventh five year plan. C) Eighth five year plan. D) Ninth five year plan. Show Answer Correct Answer: D) Ninth five year plan. 13. Which model of development did India follow? A) Capitalist model. B) Chinese model. C) Mixed model. D) Socialist model. Show Answer Correct Answer: C) Mixed model. 14. Full form of NITI A) National Institution for Transforming India. B) National Indian for Transforming Institute. C) National Institution for Transacting India. D) Native Institution for Transforming India. Show Answer Correct Answer: A) National Institution for Transforming India. 15. What is the maximum investment allowed in Small Scale Industries now? A) 5 lakhs. B) 25 lakhs. C) 1 crore. D) 5 crore. Show Answer Correct Answer: C) 1 crore. 16. The assent of the ..... results in the enactment of a bill into a law A) Speaker. B) Prime Minister. C) President. D) Chief Justice of India. Show Answer Correct Answer: C) President. 17. Who adopted economic planning for the first time in 1928? A) USA. B) UK. C) USSR. D) France. Show Answer Correct Answer: C) USSR. 18. Plan Holiday (1966-1969) was between A) 1st and 2nd five year plan. B) 2nd and 3rd five year plan. C) 3rd and 4th five year plan. D) 4th and 5th five year plan. Show Answer Correct Answer: C) 3rd and 4th five year plan. 19. Economic Planning is a subject: [Asstt Grade 1991] A) In the Union List. B) In the State List. C) In the Concurrent List. D) Unspecified in any special list. Show Answer Correct Answer: A) In the Union List. 20. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994] A) The vast quantity of capital already deployed in the public sector needs to be nurtured. B) The market economy is mainly confined to industry and commerce and central planning in agriculture is necessary. C) It is a constitutional requirement. D) Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions. Show Answer Correct Answer: D) Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions. ← PreviousNext →Related QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 2Indian Economy And Planning Quiz 3Indian 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