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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 : 22
The Second Five Year Plan laid more stress upon:

agriculture
industrialisation
removing poverty
self-reliance
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Question No : 23
India had a plan holiday: [CPO AC 2003]

after the China-India War of 1962
after the drought of 1966
after the liberation of Bangladesh in 1971
after the India-Pakistan War in 1965
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Question No : 24
Consider the following about the 'Rolling Plan':
I. A plan for the current year which includes the annual budget
II. A plan for a fixed number of years, say 3, 4 or 5
III. It is revised every year as per requirements of the economy
IV. A perspective plan for 10, 15 or 20 years
Which of the above are correct? [BPSC 2011]

I and II
I and III
II and III
I, II, III and IV
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Question No : 25
Who among the following was the first Chairman of the Planning Commission? [CDS 2008]

Dr. Rajendra Prasad
Pt. Jawahar Lal Nehru
Sardar Vallabhbhai Patel
J.B. Kripalani
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Question No : 26
Which of the following statements is correct? [AAO 1993]

Planning Commission is a constitutional body
The Prime Minister is the Chairman of the Planning Commission
The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission
The draft plan is prepared by the National Development Council
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Question No : 27
Mixed economy means an economy where [CDS 2009]

both agriculture and industry are equally promoted by the state
there is co-existence of public sector along with private sector
there is importance of small scale industries along with heavy industries
economy is controlled by military as well as civilian rulers
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Question No : 28
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
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