IMPORTANT QUESTIONS ANSWERS ON INDIAN ECONOMY FOR UPCOMING EXAMS

IMPORTANT QUESTIONS ANSWERS ON INDIAN ECONOMY FOR UPCOMING EXAMS LIKE SSC CGL,CHSL,RRB GROUP D AND MANY MORE

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Today a set of important question answers on Indian Economy has been given for the upcoming exams like CGL,CHSL,RRB and other central or state exams.Follow our quiz on regular basis that will helps you to enrich your Gk stock.so let's start-




1. Who is called the 'Father of Economics' ?
     a) Max Muller
     b) Karl Max
     c) Adam Smith
     d) None of these

2. The concept of the Five year Plans in India was introduced by
     a) Lord Mountbatten
     b) Jawaharlal Nehru
     c) Indira Gandhi
     d) Lal Bahadur Shasti

3. India has
     a) Socialistic economy
     b) Gandhian economy
     c) Mixed economy
     d) Free economy

4. Mixed economy means
     a) co-existence of small scale and large scale industries
     b) co-existence of the rich and the poor
     c) co-existence of private and public sector
     d) assigning equal importance to both agriculture and heavy industries

5. India's economic planning cannot be said to be
     a) indicative
     b) imperative
     c) limited
     d) democratic

6. National Development Council was set up in
     a) 1948
     b) 1950
     c) 1951
     d) 1952

7. Economic Planning is a subject
     a) in the Union List
     b) in the State List
     c) in the Concurrent List
     d) Unspecified in any special list

8. Among the achievements of Indian planning we may include
   i) developemnt of strong infrastructure
   ii) diversification of industry and exports
   iii) high growth of national income
   iv) strong control over prices
     a) i & ii
     b) i,ii & iii
     c) i,ii & iv
     d) ii & iii

9. Dadabhai Naoroji theorised on the drain of wealth from India in his book
     a) Poverty under British rule in India
     b) Poverty in British rule in India
     c) Poverty and Un-British rule in India
     d) Poverty of economic drain in British India

10. The deputy Chairman of the Planning Commission
     a) is the Prime Minister
     b) is the Planning Minister
     c) holds the rank of a cabinet Minister
     d) is an economist of repute









Answer key :

     1. C
     2. B
     3. C
     4. C
     5. B
     6. D
     7. A
     8. A
     9. C
    10. C