Economics Test - Basics of Indian Economy

          TEST 1 ECONOMICS (BY ARUN JOSHI, SRI-KRISHNA INSTITUTE,9888933043)

Q1 : WHICH OF THE FOLLOWING IS CORRECT?
a.                    ECONOMICS IS THE STUDY OF HOW INDIVIDUALS AND GROUPS MAKE DECISIONS WITH LIMITED RESOURCES.
b.                    ECONOMICS IS A SOCIAL SCIENCE.
c.                    PERISHABLE GOODS ARE CONSUMER NON-DURABLES.
d.                    ALL

Q2: INDIA'S DIVERSE ECONOMY ENCOMPASSES
a.                    TRADITIONAL VILLAGE FARMING
b.                    MODERN AGRICULTURE,
c.                     HANDICRAFTS,
d.                    ALL

Q3: TRANSPORTATION IS A
a.                    TERTIARY ACTIVITY
b.                    SECONDARY ACTIVITY
c.                    PRIMARY ACTIVITY
d.                    NONE

Q4: WHICH OF THE FOLLOWING IS NOT A FACTOR INPUT?
a.                    LAND
b.                    LABOUR
c.                    MACHINERY
d.                    MARKET

Q5: EMPLOYMENT AT AGGREGATE LEVELS, TAX COLLECTION FALL UNDER
a.                    MICROECONOMICS
b.                    MACROECONOMICS
c.                    BOTH
d.                    NONE

Q6: WHAT IS THE MAJOR ROLE OF STATE IN ECONOMY?
a.                    REGULATORY ROLE
b.                    ENTREPRENEURSHIP ROLE
c.                    PLANNING ROLE
d.                    ALL

Q7: THE THEORY OF ECONOMIC DRAIN WAS PUT FORWARD BY
a.                    DADA BHAI NAOROJI
b.                    A.O. HUMES
c.                    RC MUKHRJEE
d.                    RC DUTT

Q8: THE CONTRIBUTORY SHARE OF AGRICULTURE IN GDP DURING 1950-51 WAS
a.                    > 60%
b.                    < 40%
c.                    > 50%
d.                    < 20%

Q9: PERSPECTIVE PLANNING MEANS
a.                    PLANNING FOR LONG TERM
b.                    PLANNING FOR SHORT TERM
c.                    PLANNING FOR VERY SHORT TERM
d.                    NONE OF THESE



Q10: PLANNING IN WHICH EACH AND EVERY ASPECT OF PLANNING IS CONTROLLED BY STATE.
a.                    PERSPECTIVE PLANNING.
b.                    IMPERATIVE PLANNING
c.                    COLLECTIVE PLANNING.
d.                    INDICATIVE PLANNING

Q11: WHICH OF THE FOLLOWING PLANNING TECHNIQUE IS  PECULIAR TO MIXED ECONOMY WHERE BOTH THE PUBLIC AND PRIVATE SECTORS COEXIST?
a.                    PERSPECTIVE PLANNING.
b.                    IMPERATIVE PLANNING.
c.                    COLLECTIVE PLANNING.
d.                    INDICATIVE PLANNING

Q12: FIRST ATTEMPT TO DEVELOP A NATIONAL PLAN FOR INDIA WAS WITNESSED IN
a.                    1944 WHEN PLANNING AND DEVELOPMENT DEPARTMENT WAS CREATED.
b.                    1938 WITH CREATION OF NATIONAL PLANNING COMMITTEE
c.                    1944 WITH BOMBAY PLAN.
d.                    1946, A PLANNING ADVISORY BOARD .

Q13: WHICH OF THE FOLLOWING IS NOT CORRECTLY MATCHED?
a.                    GANDHIAN PLAN -1944.
b.                    SARVODAYA PLAN-1953
c.                    BOMBAY PLAN-1944.
d.                    ALL ARE INCORRECT.

Q14: PLANNING COMMISSION HAS BEEN CHARGED WITH THE RESPONSIBILITY OF
a.                    MAKING ASSESSMENT OF ALL RESOURCES OF THE COUNTRY
b.                    AUGMENTING DEFICIENT RESOURCES
c.                    PLANNING FOR PRIORITY SECTORS
d.                    ALL

Q15: THREE ANNUAL PLANS WERE MADE BETWEEN
a.                    1990-1993
b.                    1966-1969
c.                    1955-1958
d.                    2000-2003

Q16: THE EIGHTH PLAN WAS FINALLY LAUNCHED IN
a.                    1998
b.                    1994
c.                    1992
d.                    1990

Q17: INDICATIVE NATURE OF PLANNING IN INDIA GAINED EMPHASIS FORM
a.                    NINTH PLAN ONWARDS
b.                    8TH PLAN ONWARDS
c.                    10TH PLAN ONWARDS
d.                    11TH PLAN ONWARDS

Q18: A PROPOSE PLAN BECOMES EFFECTIVE AFTER IT HAS BEEN APPROVED BY
a.                    NDC.
b.                    PLANNING COMMISSION.
c.                    PARLIAMENT
d.                    ECONOMIC ADVISORY COUNCIL.

Q19: FIVE STEEL MILLS AT BHILAI, DURGAPUR, AND ROURKELA WERE ESTABLISHED DURING
a.                    1ST  FY PLAN.
b.                    2ND FY PLAN
c.                    5TH FY PLAN.
d.                    8TH FY PLAN.

Q20: MAIN AIM OF 3RD PLAN WAS
a.                 TO MAKE INDIA A 'SELF-RELIANT' AND 'SELF-GENERATING' ECONOMY
b.                 RAPID INDUSTRIALIZATION.
c.                  AGRICULTURE, PRICE STABILITY.
d.                 'REMOVAL OF POVERTY'.