Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services
1 and 2
2 and 3
3 and 4
1 and 4
Correct Answer :
D. 1 and 4
Related Questions
Which of the following features indicate that Indian economy is of the developing category?
I. Occupation mainly agricultural
II. Chronic unemployment
III. Poor quality of human capital
IV. Low per capita intake of proteins
I, II and III
I and IV
II and III
I, II, III and IV
For internal financing of Five Year Plans, the government depends on: [NDA 1991]
taxation only
taxation and public borrowing
public borrowing and deficit financing
taxation, public borrowing and deficit financing
Which one of the following is the correct sequence in the decreasing order of contribution of different sectors to the Gross Domestic Product of India ? [IAS 2007]
Services-Industry-Agriculture
Services-Agriculture-Industry
Industry-Services-Agriculture
Industry-Agriculture-Services
Success of 4th plan was obstructed by :
poor monsoon
war with Pakistan
problem of Bengal refugees
All of the above
Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move
Choose the correct answer from:
1, 2 and 4
1 and 2
1, 2, 3 and 4
2, 3 and 4
'Globalisation of Indian Economy' means:
stepping up external borrowings
establishing Indian business units abroad
having minimum possible restrictions on economic relations with other countries
giving up programmes of import substitution
Which of the following may be termed as long-term objectives of Indian planning?
1. Self-reliance
2. Productive employment generation
3. Growth of 7 per cent per annum
4. Growth in infrastructure
1 and 2
3 and 4
1, 2 and 4
2, 3 and 4
Consider the following statements: [IAS 2004]
1. The highest deciding body for planning in India is the Planning Commission of India.
2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council
3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of India.
Which of the statements given above is/are correct?
1 and 2
2 only
2 and 3
3 only
The objective of self-reliance and zero net foreign aid was declared in :
Second 5-Yr Plan
Third 5-Yr Plan
Fourth 5-Yr Plan
Fifth 5-Yr Plan
Self-reliance in the economic context implies that a country:
1. meets its demands for all goods and services from its domestic production
2. exports some of its goods but does not need to import anything
3. has sufficient foreign exchange reserves to buy all its needs
4. meets its demand for certain vital goods and services from its domestic production
1 and 3
2 and 4
1, 2 and 3
3 and 4
Who is the Deputy Chairman of Planning Commission?
Prime Minister
Finance Minister
Commerce Minister
None of the above
The deputy chairman of the Planning Commission: [UP PCS 1994]
is the Prime Minister
is the Planning Minister
holds the rank of a cabinet minister
is an economist of repute
The Planning Commission of India:
I. was set up in 1950
II. is a constitutional body
III. is an advisory body
IV. is a government department
I and II
II and III
I and III
III only
Which one of the following is the task of the Planning Commission? [NDA 1991]
Preparation of the plan
Implementation of the plan
Financing of the plan
Both a and b
Which of the statements given below is/are correct? [CDS 2008]
1. Food for Work Programme was launched in India during the 10th Five Year Plan.
2. The Planning Commission in India is a constitutional body.
1 only
2 only
Both 1 and 2
Neither 1 nor 2
An underdeveloped economy is generally characterised by :
1. Iow per capita income
2. Iow rate of capital formation
3. Iow dependency figure
4. working force largely in the tertiary sector
1 and 2
2 and 3
3 and 4
1 and 4
1.National Development Council was set up in:
1948
1950
1951
1952
What is the correct sequence of the following strategies used for Five Year Plans in India?
1. Balanced growth
2. Rehabilitation of the economy
3. Industrial development
1, 3, 2
2, 1, 3
2, 3, 1
3, 2, 1
In which of the Five Year Plans, preference was given to the weaker sections of the society ?
Second
Third
Fourth
Fifth
In India, the concepts of minimum heeds and directed anti-poverty programmes were the innovations of: [CDS 2004]
Fourth Five-year Plan
Fifth Five-year Plan
Sixth Five-year Plan
Seventh Five-year Plan
In India, the Public Sector is most dominant in : [IAS 1993]
transport
steel production
commercial banking
organised term-lending financial institutions
The first attempt to initiate economic planning in India was made by:
Balwantrai Mehta
Vallabhbhai Patel
M. Visvesvaraya
Jawaharlal Nehru
The National Development Council gets its administrative support from:
Planning Commission
Finance Commission
Administrative Reforms Commission
Sarkaria Commission
A rolling plan was a plan for:
one year
three years
five years
year to year basis
India opted for 'Mixed Economy' in :
Framing of the Constitution
Second Five Year Plan
Industrial Policy of 1948
None of the above
Which of the following statements about the Indian Economy is correct? [RBI Grade B Officer 2011]
Indian economy is as developed as that of China.
About 70% Indians are involved in some type of self-employment and are the owners of some or the other micro or small enterprise.
In India, single biggest employment is agriculture and allied activities.
None of these
The Five Year Plans of India intend to develop the country industrially through: [NDA 1991]
the public sector
the private sector
the public, private, joint and Cooperative sectors
increasing collaboration with non-resident Indians
The basic feature of the Rolling Plans was that:
no physical targets were visualized
revision of the achievements, of previous year
annual fluctuations in prices and major economic developments could be considered while fixing targets
no financial target except in the term of annual plans was envisaged
'The strategy of Rolling plan was adopted during the Prime Ministership of: [Railways 1994]
Lal Bahadur Shastri
Indira Gandhi
Morarji Desai
Rajiv Gandhi
Among the achievements of Indian planning, we may include:
1. development of strong infrastructure
2. diversification of industry and exports
3. high growth of national income
4. strong control over prices
1 and 2
1, 2 and 3
1, 2 and 4
2 and 3