This quiz works best with JavaScript enabled. Home > Indian Economy > Planning > Indian Economy And Planning – Quiz 8 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Indian Economy And Planning Quiz 8 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Who is regarded as the father of economic planning in India? A) SIR M. VISVESVARAYA. B) Alfred Marshall. C) Adam Smith. D) John Keynes. Show Answer Correct Answer: A) SIR M. VISVESVARAYA. 2. The Orissa govt hopes to extract iron ore from the state.2. Orrisa govt has signed MOU with domestic steelmakers. A) Only 1. B) Only 2. C) Both. D) None. Show Answer Correct Answer: A) Only 1. 3. Assertion:Development has different meanings for different sections of the people. Reason:Development for one may be a disaster for other A) Both A and R are true and R is the correct explanation of A. B) Both A and R are true and 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 and R is the correct explanation of A. 4. Transfer of value has become easier with A) Evolution of money. B) Storage of money. C) Measure of value. D) All of these. Show Answer Correct Answer: A) Evolution of money. 5. Which organisation replaces Planning Commision in India? A) CSO. B) NSSO. C) NITI Ayog. D) RBI. Show Answer Correct Answer: C) NITI Ayog. 6. ..... is an indirectly elected body A) Lok Sabha. B) Supreme Court. C) Rajya Sabha. D) High Court. Show Answer Correct Answer: C) Rajya Sabha. 7. Functions of NITI Aayog is a A) Centralized Planning. B) Decentralized Planning. Show Answer Correct Answer: B) Decentralized Planning. 8. During which five year plan, New Economic Policy of India was introduced? A) 5th five year plan. B) 6th five year plan. C) 7th five year plan. D) 8th five year plan. Show Answer Correct Answer: D) 8th five year plan. 9. Money is the most liquid of all the asset because A) It is a medium of exchange. B) It is an unit of account. C) It act as a store of value. D) It is a standard of deferred payment. Show Answer Correct Answer: A) It is a medium of exchange. 10. Who was the chairperson of the planning commission after independence? A) Gandhi Ji. B) Sardar Patel. C) Jawaharlal Nehru. D) Lal Bahadur Shastri. Show Answer Correct Answer: C) Jawaharlal Nehru. 11. The Indian national highway system was introduced for the first time in ..... Five Year Plan. A) 4th. B) 5th. C) 6th. D) 7th. Show Answer Correct Answer: C) 6th. 12. NITI Aayog's governing council does not comprises of A) CMs of all states. B) CMs of UT with legislatures (i.e Delhi and Puducherry). C) Lt. Governors of UT. D) Governors of all states. Show Answer Correct Answer: D) Governors of all states. 13. Gross National Happiness Index (GNHI) traced its origin A) Nepal. B) Myanmar. C) India. D) Bhutan. Show Answer Correct Answer: D) Bhutan. 14. Which statement is correct for Indian Planning Commission? A) It is not defined in Indian Constitution. B) Members and Vice-Chairman of it do not have fixed working duration. C) Members do not require any minimum education. D) All of the these. Show Answer Correct Answer: D) All of the these. 15. Who was the crafter of Second FYP? A) K.N Raj. B) B.R Ambedkar. C) P.C Mahalanobis. D) Jawaharlal Nehru. Show Answer Correct Answer: C) P.C Mahalanobis. 16. The growth rate of agricultural production was negative in the: A) First Plan. B) Second Plan. C) Third Plan. D) Fourth Plan. Show Answer Correct Answer: C) Third Plan. 17. The Draft of 5th five year plan was prepared and launched by A) Dr. B.R Ambedkar. B) D.P. Dhar. C) Indira Sawney. D) J.P Kriplani. Show Answer Correct Answer: B) D.P. Dhar. 18. Left often refers to those who are in favor of the rich. 2. Left support govt policies for the benefit of poor sections A) Only 1. B) Only 2. C) Both. D) None. Show Answer Correct Answer: B) Only 2. 19. 70% of working population of India is engaged in: A) Public sector. B) Primary sector. C) Secondary sector. D) Tertiary sector. Show Answer Correct Answer: B) Primary sector. 20. What possess general acceptability? A) Bank draft. B) Money. C) Bill of exchange. D) None of above. Show Answer Correct Answer: B) Money. ← PreviousNext →Related QuizzesIndian Economy 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 7Indian Economy And Planning Quiz 9Indian Economy And Planning Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books