Fundamentals Of Indian Economy MCQ Question with Answer

Fundamentals Of Indian Economy MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

Download Fundamentals Of Indian Economy MCQ Question Answer PDF

Question No : 1
Economic Planning is a subject: [Asstt Grade 1991]

in the Union List
in the State List
in the Concurrent List
unspecified in any special list

Question No : 2
'Take off stage' in an economy means: [CBI 1990]

steady growth begins
economy is stagnant
economy is about to collapse
all controls are removed

Question No : 3
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

Question No : 4
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

Question No : 5
Rolling plan was designed for the period: [IAS 2003]


Question No : 6
Which of the following are not correct assessments of the decades of India's Five-Year Plans?
1. There has been very low capital formation
2. Growth has favoured the better off
3. Production has increased substantially though often falling short of targets
4. The public sector has contributed nothing to economic growth

1 and 4
2 and 3
1, 2 and 3
3 and 4

Question No : 7
Who of the following was the author of the chapter on Objectives of Planned Development for the Third Five Year Plan? [IAS 2008]

Morarji Desai
C.D. Deshmukh
Jawaharlal Nehru
Lal Bahadur Shastri