Important Quiz on Indian Economy for Upcoming exams SSC CGL,CHSL,RPF,RAIL Many more

1. Important Standard question answers on Indian Economy for Upcoming exams Like SSC CGL,CHSL,RAIL,BANK & Many more

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Today a set of Standard important question answers on Indian Economy has been given for the upcoming exams like SSC CGL,CHSL,RRB and other central or state exams.Follow our quiz on regular basis that will help you to enrich your Gk stock. Firstly Try to write down answers and check your answers with our answer key.So let's start-

1. Who was the first Deputy Chairman of Planning Commission of India ?
     a) Shri Jawaharlal Nehru
     b) Dr Rajendra Prasad
     c) Shri VT Krishnamachari
     d) Shri C Rajagopalachari

2. The Planning Commission of India
     i) was set up in 1950
    ii) is a constitutional body
   iii) is an advisory body
     a) i & ii
     b) ii & iii
     c) i & iii
     d) Only iii

3. Microeconomics is concerned with
     i) behaviour of industrial decision-makers
    ii) the level of employment
   iii) changes in the general level of prices
   iv) determination of prices of goods and services
     a) i & ii
     b) ii & iii
     c) iii & iv
     d) i & iv

4. The basic objectives of Indian planning are
     i) economic growth
    ii) self-reliance
   iii) employment generation
   iv) population growth
     a) i ,ii & iv
     b) i,ii & iii
     c) ii & iii
     d) i,ii,iii & iv

 5. An underdeveloped economy is generally characterised by
     i) low per capita income
    ii) low rate of Capital formation
   iii) low dependency figure
   iv) working force largely in the tertiary sector
     a) i & ii
     b) ii & iii
     c) iii & iv
     d) i & iv

 6. The main objective of First year Plan was
     a) industrial growth
     b) economic growth
     c) development of agriculture including irrigation and power projects
     d) self reliance

 7. India had a plan holiday
     a) after the China-India War of 1962
     b) after the drought of 1966
     c) after the liberation of Bangladesh in 1971
     d) after the India-Pakistan War in 1965

 8. During which Plan did prices show a decline
     a) First
     b) Third
     c) Fifth
     d) None

 9. Rolling plan was designed for the period
     a) 1978-83
     b) 1980-85
     c) 1985-90
     d) 1974-97

 10. The Second Five Year Plan laid more stress upon
     a) agriculture
     b) Industrialisation
     c) removing poverty
     d) self-reliance








 Answer Key :

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




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