Details on Indian Economy. The modern age is the age of fast development. Fast development is feasible with economic Planning. Though planning is over 2400 years previous having its initial reference and formulation by Plato in his ‘Republic’ a similar idea earned a scientific form and support once the top of World War-II for the rehabilitation and reconstruction of war divested economies similarly as for the fast economic development of the underdeveloped economies. Therefore Planning is taken into account because of the remedy for the event of developing countries like India.
Details on Indian Economy
Select the correct Answer
1. Public sector outlay in the ninth plan allocated to social service is
(a) 15%
(b) 21%
(c) 25%
(d) 30%
Ans: (b) 21%
2. Full convertibility of the rupee on trade account was introduced in the budget for
(a) 1990-91
(b) 1992-93
(c) 1993-94
(d) 1997-98
Ans: (c) 1993-94.
3. Foreign Exchange Regulation Act (FERA) was passed in-
(a) 1973
(b) 1978
(c) 1983
(d) 1989
Ans: (a) 1973.
4. Assertion (A), Reason (R) type Mark Code
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
(c) A is true but R is false
(d) A is false but R is true
Assertion (A): Industrial Policy-1991 initiated lateralization of Indian economy.
Reason (R} industrial growth was very slow before 1991
Code: (a) (b) (c) (d)
Ans: (a) Both A and R are true, R is the correct explanation of A
5. Assertion (A), Reason (R) type Mark Code
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
(c)A is true but R is false.
(d)A is false but R is true
Assertion (A): in 1991, government decided to allow all foreign investment to any industries without a restriction.
Reason (R): Government has enhanced the investment limit of small scale industries units,
Code: (a), (b), (¢), (d)
Ans: (d)A is false but R is true.
6. Assertion (A), Reason (R) type Mark Code
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
(c)A is true but R is false.
(d)A is false but R is true
Assertion (A): In India, liberalisation policy implies a package of reforms which may not help to achieve the social objectives such as removal of poverty and unemployment.
Reason (R): Benefits from the package of reforms will take quite some time to percolate down to the masses.
Code: (a), (b), (c) (d)
Ans: (a) Both A and Rare true, R is the correct explanation of A.
7. Assertion (A), Reason (R) type Mark Code:
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
আপুনি যদি আমাৰ পেজ পঢ়ি ভাল পাইছে তেন্তে আমাৰ ‘নিউজলেটাৰ চাবস্ক্রাইব’ কৰক। নতুবা আমাৰ ‘ফেচবুক পৃষ্ঠা’ অনুসৰণ কৰক বা আমাৰ “ইউটিউব চেনেল চাবস্ক্রাইব’ কৰক ।
(c) A is true but R is false.
(d)A is false but R is true
Assertion (A): During post-liberalization policy there has been a significant increase in the foreign exchange reserves of India.
Reason (R): The new economic policy has provided incentives for foreign direct investment
Code: (a) b), (c), (d)
Ans: (a) Both A and R are true, R is the correct explanation of A.
8. Assertion (A), Reason (R) type Mark Code:
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
(c)A is true but R is false.
(d) A is false but R is true
Assertion (A): The growth of industries during 11 has experienced a decelerating tendency in India.
Reason (R): There is a deficiency of demand for the Industrial goods which has been caused by asymmetric distribution of benefits from growth in agriculture
Code: (a), (6), (c), (d)
Ans: (d) A is false but R is true.
9. Assertion (A), Reason (R) type Mark Code
(a) Both A and Rare true, R is the correct explanation of A
(b) Both A and Rare true but R1s not the correct explanation of A
(c) A is true but R is false.
(d) A is false but R is true
Assertion (A): There has been a steady decline in relative poverty in India.
Reason (R) New economic reforms (1991)) are anti-poverty oriented.
Code: (a). (b). (c). (d)
Ans:(c)A is true but R is false.
10. Assertion (A), Reason (R) type Mark Code:
(a) Both A and R are true, R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A
(c)A is true but R is false.
(d)A is false but R is true
Assertion (A): Indian Developing Planning is oriented towards growth with social justice
Reason (R): India inherited a colonial economy
Code: (a), (b), (c), (d)
Ans: (b) Both A and R are true but R is not the correct explanation of A