Current Affairs 2021 PDF

To crack any competitive exam like SSC, Railways, Insurance, UPSC, CLAT, Banking, State PSC Exams and other exams it is very important to answer all current affairs questions correctly. Gkseries Updates Current Affairs and Q&A packages in compiled and sorted topic wise to ensure easy accessibility of the information.

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History of Development & Planning - Indian Economy General Awareness MCQs | Page-4

31 ‘Globalisation of Indian Economy’ means:
A Stepping up external borrowings
B Establishing Indian Shopping Malls in abroad
C Giving up programmes of import substitution
D Having minimum possible restrictions on economic relations with other countries

Answer: Option [D]
32 National Development Council was set up in:
A 1952
B 1950
C 1949
D 1948

Answer: Option [A]
33 ‘Take off stage’ in an economy means:
A Economy is stagnant
B Steady growth begins
C Economy is about to collapse
D All controls are removed

Answer: Option [B]
34 Which of the following indicates economic growth through Five Year Plans ?
A Rise in national income and per capita income
B Development of railways and roadways
C Development of education and health services
D Development of industrial towns and industrial estate

Answer: Option [A]
35 Which one of the following Five-Year Plans recognised human development as the core of the developmental efforts ?
A The Fourth Five-Year Plan
B The Fifth Five-Year Plan
C The Sixth Five-Year Plan
D The Eighth Five-Year Plan

Answer: Option [D]
36 Which of the following statements about the Indian Economy is correct ?
A In India, single biggest employment is agriculture and allied activities
B No physical targets were visualized
C About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital
D About 70% Indians are involved in some type of self- employment and are the owners of some or the other micro or small enterprise

Answer: Option [A]
37 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
A Tenth Plan
B Eighth Plan
C Sixth Plan
D Fourth Plan

Answer: Option [B]
38 A “closed economy” is a kind of economy in which
A Only exports take place
B The money supply is fully controlled
C Deficit financing takes place
D Neither exports nor imports take place

Answer: Option [D]
39 Which statement is correct for Indian Planning Commission ?
A Members do not require any minimum education
B It is not defined in Indian Constitution
C Members and Vice-Chairman of it do not have fixed working duration
D All of the these

Answer: Option [D]
40 The author of the chapter on “Objectives of Planned Development” for the Third Five Year Plan was:
A Jawaharlal Nehru
B Morarji Desai
C C.D.Deshmukh
D Lal Bahadur Shastri

Answer: Option [B]

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