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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.

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Question No : 15
Who wrote the book 'Planned Economy for India'?

M. Visvesvaraya
Sardar Vallabhbhai Patel
Jawaharlal Nehru
Mahatma Gandhi

Question No : 16
The National Development Council gets its administrative support from:

Planning Commission
Finance Commission
Administrative Reforms Commission
Sarkaria Commission

Question No : 17
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

Question No : 18
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

Question No : 19
The steel plants at Durgapur, Bhilai and Rourkela were established during the period of: [NDA 1990]

First Five Year Plan
Second Five Year Plan
Third Five Year Plan
Fourth Five Year PIan

Question No : 20
The concept of Five Year Plans in India was introduced by

Lord Mountbatten
Jawaharlal Nehru
Indira Gandhi
Lal Bahadur Shastri

Question No : 21
The contribution of agriculture to India's' economy is:

increasing
decreasing
constant
None of these