This quiz works best with JavaScript enabled. Home > Indian Economy > Indian Economy And Planning – Quiz 7 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 7 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990] A) First Five Year Plan. B) Second Five Year Plan. C) Third Five Year Plan. D) Fourth Five Year PIan. Show Answer Correct Answer: B) Second Five Year Plan. 2. Which of the following was initiated by the Government under Liberalisation? A) Denationalisation. B) Decentralisation. C) Demonetisation. D) Dereservation of industries. Show Answer Correct Answer: D) Dereservation of industries. 3. Who gives the final approval to the five-year plans of India? A) National Development Council (NDC). B) Ministry of Finance. C) Planning Commission (now NITI Aayog). D) President of India. Show Answer Correct Answer: A) National Development Council (NDC). 4. Inclusive growth is mentioned in which five year plan? A) 12th. B) 11th. C) 10th. D) 9th. Show Answer Correct Answer: B) 11th. 5. Which five year plan's focus was "growth with justice and equity" A) 9th five year plan. B) 10th five year plan. C) 11th five year plan. D) 12th five year plan. Show Answer Correct Answer: A) 9th five year plan. 6. How many sessions of the Lok Sabha take place in a year? A) 2. B) 3. C) 4. D) 5. Show Answer Correct Answer: B) 3. 7. Adoption of new technogy in production is called ..... A) Equity. B) Growth. C) Modernisation. D) Self Reliance. Show Answer Correct Answer: C) Modernisation. 8. Which of the following was NOT a criticism of the 2nd and 3rd FYP? A) Urban bias-the industry was wrongly given priority over agriculture. B) Focus on agriculture over heavy industry. C) Lack of an agrarian strategy for the development. D) Emphasis on industry caused agriculture and rural India to suffer. Show Answer Correct Answer: B) Focus on agriculture over heavy industry. 9. Improving INternational competitveness of Products of a country is a part of:- A) Structural Measures. B) Stabilization Masures. C) Short Term Measures. D) Part of Globalisation. Show Answer Correct Answer: A) Structural Measures. 10. Which of the following statements is correct? [AAO 1993] A) Planning Commission is a constitutional body. B) The Prime Minister is the Chairman of the Planning Commission. C) The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission. D) The draft plan is prepared by the National Development Council. Show Answer Correct Answer: B) The Prime Minister is the Chairman of the Planning Commission. 11. NITI Aayog established in the year ..... A) 2012. B) 2013. C) 2014. D) 2015. Show Answer Correct Answer: D) 2015. 12. 5-Section 115JB relates to ..... A) Securities Transaction Tax. B) Maximum Alternative Tax. C) Minimum Alternative Tax. D) Surcharge. Show Answer Correct Answer: C) Minimum Alternative Tax. 13. Subsidies are A) Rights to increase trade with Great Britain and her colonies. B) Extra payments or bonuses to grow or produce certain crops. C) Permission to trade directly with other countries. D) Land payments which made it easier to remain in the colony. Show Answer Correct Answer: B) Extra payments or bonuses to grow or produce certain crops. 14. Who made first attempt in laying foundation for economic planning in India in 1934? A) Vishveshwarya. B) Amartya Sen. C) Jawaharlal Nehru. D) S.C Bose. Show Answer Correct Answer: A) Vishveshwarya. 15. The deputy chairman of the Planning Commission: [UP PCS 1994] A) Is the Prime Minister. B) Is the Planning Minister. C) Holds the rank of a cabinet minister. D) Is an economist of repute. Show Answer Correct Answer: C) Holds the rank of a cabinet minister. 16. NITI Aayog is planning a new framework for A) Five-Year Plans. B) Finance Commission. C) Budget. D) All of the above. Show Answer Correct Answer: A) Five-Year Plans. 17. The Second Five Year Plan laid more stress upon: A) Agriculture. B) Industrialisation. C) Removing poverty. D) Self-reliance. Show Answer Correct Answer: B) Industrialisation. 18. The National Development Council gets its administrative support from: A) Planning Commission. B) Finance Commission. C) Administrative Reforms Commission. D) Sarkaria Commission. Show Answer Correct Answer: A) Planning Commission. 19. The Planning Commission in India was set up in: A) 1953. B) 1957. C) 1950. D) 1951. Show Answer Correct Answer: C) 1950. 20. Which of the following system is followed by RBI for issuing currency? A) Proportionate system. B) Simple deposit system. C) Minimum reserve system. D) Fixed fiduciary issue system. Show Answer Correct Answer: C) Minimum reserve system. ← PreviousNext →Related QuizzesIndian Economy And Planning Quiz 1Indian Economy And Planning Quiz 2Indian Economy And Planning Quiz 3Indian Economy And Planning Quiz 4Indian Economy And Planning Quiz 5Indian Economy And Planning Quiz 6Indian 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