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G.K. on Indian Economy – Series 2

MCQ 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.

MCQ on Indian Economy

Select the correct Answer

1. MRTP Act was passed in

(a) 1969

(b) 1962

(c) 1976

(d) 1973

Ans: (a) 1969.  

2. 2nd plan emphasized the development of

(a) Capital goods sector

(b) Basic goods  

(c)Consumer goods

(d) Both (a) and (b)

Ans: (d) Both (a) and (b).  

3. The principle of indicative planning was adopted for the first time in the

(a) Fifth five year plan

(b) Sixth five year plan

(c) Seventh five year plan

(d) Eight five year plan

Ans: (d) Eight five year plan.  

4. Which one of the Five Year Plans of India was terminated before its targeted date of completion?

(a) Third five year plan

(b) Fourth five year plan

(c) Fifth five year plan

(d) Sixth five year plan

Ans: (c) Fifth five year plan.  

আপুনি যদি আমাৰ পেজ পঢ়ি ভাল পাইছে তেন্তে আমাৰ নিউজলেটাৰ চাবস্ক্রাইব কৰক। নতুবা আমাৰ ফেচবুক পৃষ্ঠা অনুসৰণ কৰক বা আমাৰ ইউটিউব চেনেল চাবস্ক্রাইব কৰক ।

5. Planning Commission was set up in

a) 1947

(b) 1950

(c) 1955

(d) 1958

Ans: (b) 1950  

6. Chairman of Planning Commission was-

(a)Prime Minister

(b) Finance Minister

(c) Industry Minister

(d) None of the above

Ans: (a) Prime Minister.  

7. Annual plans were implemented during the period

(a) 1962-65

(b) 1965-67

(c) 1966-69

(d) 1967-70

Ans: (c) 1966-69.  

8. The Eight Five Year Plan completed its term on-

(a) 1990

(b) 1994

(c) 1997

(d) 1999

Ans: (c) 1997.  

9. Public sector outlay in the ninth plan allocated to energy is

(a) 20%

(b) 25%

(c) 30%

(d) 35%

Ans: (b) 25%.  

10. Public sector outlay in ninth plan allocated to agriculture and allied activities is-

(a) 4.4%

(b) 6%

(c)8%

(d) 10.8%

Ans: (a) 4.4%.

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