| 1. |
What is meant by Mix Economy? |
| A. | co-existence of public sector along with private sector |
| B. | Equal promotion of agriculture and industry. |
| C. | It is controlled only by heavy industry |
| D. | It is controlled by military as well as civilian |
| Answer» A. co-existence of public sector along with private sector | |
| 2. |
The economy planning of India cannot be said to be _______. |
| A. | Imperative |
| B. | Limited |
| C. | Restricted |
| D. | emblematic |
| Answer» A. Imperative | |
| 3. |
The task of Planning Commission of India is _________. |
| A. | Backing up the plan |
| B. | Preparation of the plan |
| C. | monetisation the plan |
| D. | None of the above |
| Answer» B. Preparation of the plan | |
| 4. |
The book ‘Planned Economy for India‘ was written by which of the following author? |
| A. | Dr.AmartySen |
| B. | Jawaharlal Nehru |
| C. | M Visvesvarya |
| D. | Indira Gandhi |
| Answer» C. M Visvesvarya | |
| 5. |
How agriculture contributing to the India economy? |
| A. | It helps Increasing |
| B. | It helps decreasing |
| C. | It has no contribution |
| D. | None of the above |
| Answer» A. It helps Increasing | |
| 6. |
In which year National Development Council was set up? |
| A. | 1949 |
| B. | 1955 |
| C. | 1951 |
| D. | 1952 |
| Answer» D. 1952 | |
| 7. |
Which of the following option regarding Indian economy is correct? |
| A. | It is a subject in the Union List. |
| B. | It is a subject in the Concurrent List. |
| C. | It is a subject in the State List. |
| D. | It is not specified in any special list. |
| Answer» A. It is a subject in the Union List. | |
| 8. |
What is the factor that government depends on for financing the Five Year Plan? |
| A. | Only taxation |
| B. | Public borrowing |
| C. | deficit financing |
| D. | both public borrowing and deficit |
| Answer» A. Only taxation | |
| 9. |
From which of the following commission The National Development Commission get its administrative support? |
| A. | Census Commission |
| B. | Planning Commission |
| C. | Competition Commission of India |
| D. | Finance Commission |
| Answer» B. Planning Commission | |
| 10. |
How the Five Year Plan of India intend to develop the country’s industrially? |
| A. | Through the public sector |
| B. | Through the private sector |
| C. | through the collaboration with Non-resident Indian. |
| D. | Through public, private, joint and Cooperative sectors |
| Answer» D. Through public, private, joint and Cooperative sectors | |
| 11. |
What is meant by ‘Take off stage‘ in an economy? |
| A. | It means steady growth begins. |
| B. | it means economy is stagnant |
| C. | It means all controls are remov |
| Answer» A. It means steady growth begins. | |
| 12. |
Who publish the Economy Survey of India? |
| A. | Minister of Finance. |
| B. | Minister of External Affairs |
| C. | Minister of Home Affairs |
| D. | Minister Of Commerce and Industry |
| Answer» A. Minister of Finance. | |
| 13. |
What percentage of population of India are engaged in primary sector? |
| A. | 50% |
| B. | 60% |
| C. | 70% |
| D. | 65% |
| Answer» C. 70% | |
| 14. |
What is the definition of sex ratio? |
| A. | Number of deaths per 1,000 live births of children |
| B. | Number of women per 1000 men |
| C. | Number of women per 100000 men |
| D. | Number of men per 1000 women |
| Answer» B. Number of women per 1000 men | |
| 15. |
Which age group is included to calculate Child Sex Ratio? |
| A. | 1-6 years |
| B. | 0-5 years |
| C. | 0-6 years |
| D. | 0- 6 months |
| Answer» C. 0-6 years | |
| 16. |
According to the latest data released by the NITI Aayog in 2016; What is the Infant Mortality Rate in India in 2016? |
| A. | 42 per 1000 live births |
| B. | 34 per 1000 live births |
| C. | 29 per 1000 live births |
| D. | 54 per 1000 live births |
| Answer» B. 34 per 1000 live births | |
| 17. |
Which of the following characteristics are most likely found in developing countries? |
| A. | high population growth rates. |
| B. | large number of people living in poverty. |
| C. | very traditional methods of agricultural production. |
| D. | all of the above |
| Answer» D. all of the above | |
| 18. |
Which of the following could not be considered a major economic system? |
| A. | capitalism. |
| B. | communism. |
| C. | socialism. |
| D. | physical quality of life index. |
| Answer» D. physical quality of life index. | |
| 19. |
Which of the following did Mahatma Gandhi, non-violent politician and leader of India’s nationalist movement, not advocate? |
| A. | village economic development. |
| B. | handicraft production and labor-intensive technology. |
| C. | centralized decision making. |
| D. | reduction of material wants. |
| Answer» C. centralized decision making. | |
| 20. |
Which of the following statement is not true about LDCs? |
| A. | Most LDCs have less than 1/10 the per capita GNP of the U.S. |
| B. | A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S. |
| C. | Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. |
| D. | Most LDCs have a greater shortage of qualified teachers than the U.S. does. |
| Answer» C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible. | |
| 21. |
Which of the following is not one of the Newly Industrialized Countries (NICs)? |
| A. | Japan |
| B. | South Korea |
| C. | Taiwan |
| D. | Singapore |
| Answer» A. Japan | |
| 22. |
Longevity is a proxy for ___________ in the Human Development Index |
| A. | health and nutrition. |
| B. | living standard |
| C. | infant mortality |
| D. | Purchasing Power Parity |
| Answer» A. health and nutrition. | |
| 23. |
The Human Development Index (HDI) summarizes a great deal of social performance in a single composite index, combining |
| A. | disparity reduction rate, human resource development rate and the composite index. |
| B. | longevity, education and living standard. |
| C. | minimum schooling, adult literacy and tertiary educational attainment. |
| D. | human resource training, development and R&D. |
| Answer» A. disparity reduction rate, human resource development rate and the composite index. | |
| 24. |
Infant mortality |
| A. | is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. |
| B. | reflects the availability of primary education, the rights of employment and social security. |
| C. | is life expectancy up to age 3. |
| D. | reflects the availability of hospitals and childcare facilities, and the parents’ wealth. |
| Answer» A. is defined as the annual number of deaths of infant under 1 year old per 1,000 live births. | |
| 25. |
Which of the following is not a problem in comparing developed and developing countries’ GNP? |
| A. | GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods |
| B. | The economic contribution of a housewife in a peasant family may not be measured in GNP in poor country. |
| C. | GNP is understated for developing countries since many of their labor-intensive good have no impact on exchange rate since they are not trad |
| Answer» A. GNP is understated for developed countries, since a number of items included in their national incomes are intermediate goods | |