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History of Development & Planning - Indian Economy General Awareness MCQs | Page-5

Questions
41 For internal financing of Five Year Plans, the government depends on:
A Taxation only
B Public borrowing and deficit financing
C Taxation and public borrowing
D Taxation, public borrowing and deficit financing

Answer: Option [B]

For internal financing of Five Year Plans, the government depends on Taxation only. For internal financing of Five Year Plans, the Government depends on taxation, public borrowing and deficit financing.

42 The Five Year Plans of India intend to develop the country industrially through:
A The private sector
B The public sector
C Increasing collaboration with non-resident Indians
D The public, private, joint and Cooperative sectors

Answer: Option [D]

The Five Year Plans of India intend to develop the country industrially through the public, private, joint and Cooperative sectors.

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43 In which sector, the Public Sector is most dominant in India ?
A Transport
B Commercial banking
C Steel production
D Organized term-lending financial institutions

Answer: Option [B]

The correct answer is Commercial banking. A commercial bank is a financial institution that provides various financial service, such as accepting deposits and issuing loans. Commercial bank customers can take advantage of a range of investment products that commercial banks offer like savings accounts and certificates of deposit.

44 India had a plan holiday:
A After the China-India War of 1962
B After the India-Pakistan War in 1965
C After the drought of 1966
D After the liberation of Bangladesh in 1971

Answer: Option [C]

India had a plan holiday after the drought of 1966. Plan Holiday is the gap of three years that was introduced in the Indian Economy after the failure of the Third Economic plan. There are three Plan Holidays in the Indian Economic context as from 1966-1967, from 1967-1968 and 1968-1969.

45 In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of:
A Fourth Five-year Plan
B Fifth Five-Year Plan
C Sixth Five-Year Plan
D Eighth Five-Year Plan

Answer: Option [B]

In India, the concepts of “minimum needs” and “direction anti-poverty programmes ” were the innovations of Sixth Five-Year Plan.

46 The leading steel plants at Durgapur, Bhilai and Rourkela of India were established during the period of:
A First Five Year Plan
B Second Five Year Plan
C Third Five Year Plan
D Fourth Five Year Plan

Answer: Option [B]

The leading steel plants at Durgapur, Bhilai and Rourkela of India were established during the period of Second Five Year Plan. Second five year plan period: 1956 to 1961 The Rourkela Steel plant was set up in collaboration of German firm in 1961. The Durgapur Steel Plant was launched with assistance of a consortium led by British Firms and it started in 1956. The Bhilai Steel Plant was set up with the technical assistance of Soviet Union in September 1967. During the fourth five year plan, new steel plants were started at Salem in Tamil Nadu, Vijayanagar in Karnataka and Vishakhapatnam in Andhra Pradesh

47 Which one of the following is a driving force influencing the industrial growth of an economy ?
A Economic Factors only
B Investment only
C Innovation/Market Base only
D All of the above

Answer: Option [D]

The correct answer is All of the above.

48 The Nehru-Mahalanobis strategy of development guided the planning practice in India from the
A First Five-Year Plan to the Sixth Five-Year Plan
B First Five-Year Plan to the Eighth Five-Year Plan
C Second Five-Year Plan to the Seventh Five-Year Plan
D Fourth Five-Year Plan to the Eighth Five-Year Plan

Answer: Option [C]

The Nehru-Mahalanobis strategy of development guided the planning practice in India from the Second Five-Year Plan to the Seventh Five-Year Plan.

49 What is the correct sequence of the following strategies used for Five Year Plans in India ?
I. Balanced growth
II. Rehabilitation of the economy
III. Industrial development
A I, III, II
B II, I, III
C II, III, I
D III, II, I

Answer: Option [C]

The correct sequence of the following strategies used for Five Year Plans in India is

  • Rehabilitation of the economy
  • Industrial development
  • Balanced growth
50 Which one of the following is/ are a/ an indicator of the financial health of a country ?
I. GDP
II. PPP
III. FDI in a year
A Only I
B Only II
C Only III
D All I, II & III

Answer: Option [D]

The correct answer is GDP, PPP FDI & in a year

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