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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 : 36
Who is called the 'Father of Economics' ?

Max Muller
Karl Marx
Adam Smith
None of these

Question No : 37
The Planning Commission is : [UP PCS 1994]

a Ministry
a Government department
an Advisory body
an Autonomous Corporation

Question No : 38
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

Question No : 39
Which of the following bodies finalises the Five Year Plan proposals? [IAS 2002]

Planning Commission
Union Cabinet
National Development Council
Ministry of Planning

Question No : 40
In the context of India's Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in [IAS 2010]

fourth Plan
sixth Plan
eighth Plan
tenth Plan

Question No : 41
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

Question No : 42
India opted for 'Mixed Economy' in :

Framing of the Constitution
Second Five Year Plan
Industrial Policy of 1948
None of the above