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MCQOPTIONS
This section includes 2369 Mcqs, each offering curated multiple-choice questions to sharpen your Economics knowledge and support exam preparation. Choose a topic below to get started.
| 1001. |
Narasimhan Committee is related to? |
| A. | in the development of heavy industry |
| B. | in the reform of the banking sector |
| C. | in the reform of the insurance sector |
| D. | none of these |
| Answer» C. in the reform of the insurance sector | |
| 1002. |
With whom was Shankarlal Guru Samiti related? |
| A. | agricultural marketing |
| B. | agricultural exports |
| C. | public distribution system |
| D. | agricultural production |
| Answer» B. agricultural exports | |
| 1003. |
On which date the National Development Council was formed? |
| A. | 16 August 1950 |
| B. | 6 August 1952 |
| C. | 16 August 1952 |
| D. | 1 April 1951 |
| Answer» C. 16 August 1952 | |
| 1004. |
In which year was the National Income Committee formed? |
| A. | 1950 |
| B. | 1949 |
| C. | 1948 |
| D. | 1960 |
| Answer» C. 1948 | |
| 1005. |
With whom is the Sundar Rajan Committee related? |
| A. | Petroleum |
| B. | small industry |
| C. | Electricity |
| D. | Education |
| Answer» B. small industry | |
| 1006. |
Gyan Prakash Committee was related to? |
| A. | industrial sickness |
| B. | stock scam |
| C. | sugar scam |
| D. | fodder scam |
| Answer» D. fodder scam | |
| 1007. |
The Special Economic Zones Act was passed by the Parliament in which year? |
| A. | in 2004 |
| B. | in 2005 |
| C. | in 2006 |
| D. | in 2007 |
| Answer» C. in 2006 | |
| 1008. |
Rangarajan Committee was related to which component? |
| A. | devaluation |
| B. | tax revision |
| C. | agricultural price policy |
| D. | balance of payments deficit |
| Answer» E. | |
| 1009. |
Which is the only company in India among the world's 100 companies in the field of information technology? |
| A. | Wipro |
| B. | NS. s. N. L. |
| C. | Infosys |
| D. | reliance |
| Answer» B. NS. s. N. L. | |
| 1010. |
What was the period of the Eighth Five Year Plan? |
| A. | 1980-85 |
| B. | 1982-87 |
| C. | 1985-90 |
| D. | 1992-97 |
| Answer» E. | |
| 1011. |
In which of the following five year plans did the rate of economic growth exceed its target? |
| A. | fourth |
| B. | fifth |
| C. | seventh |
| D. | eighth |
| Answer» E. | |
| 1012. |
Where was centralized planning first adopted for the development of the economy? |
| A. | former Soviet Union |
| B. | Poland |
| C. | India |
| D. | China |
| Answer» B. Poland | |
| 1013. |
Which is the apex body to approve the five year plan? |
| A. | Planning Commission |
| B. | Finance Commission |
| C. | National Development Council |
| D. | Central cabinet |
| Answer» D. Central cabinet | |
| 1014. |
In which five year plan was the Minimum Needs Program introduced? |
| A. | second |
| B. | third |
| C. | fourth |
| D. | fifth |
| Answer» E. | |
| 1015. |
The strategy for the development and industrialization of industries was a part of which plan? |
| A. | Second |
| B. | third |
| C. | IV |
| D. | seventh |
| Answer» B. third | |
| 1016. |
Which five year plan shifted its priority from development to defense? |
| A. | First |
| B. | Second |
| C. | third |
| D. | IV |
| Answer» E. | |
| 1017. |
On which part was the maximum allocation made in the second five year plan? |
| A. | Industry |
| B. | transport and communication |
| C. | energy |
| D. | heavy industry |
| Answer» C. energy | |
| 1018. |
Khadi and Village Industries Commission was established under which five year plan? |
| A. | First |
| B. | second |
| C. | third |
| D. | fourth |
| Answer» C. third | |
| 1019. |
During which five year plan period was the Sahayata Club established in India? |
| A. | Second |
| B. | third |
| C. | IV |
| D. | seventh |
| Answer» B. third | |
| 1020. |
What was the period of the Seventh Five Year Plan? |
| A. | 1987-92 |
| B. | 1986-91 |
| C. | 1985-90 |
| D. | none of these |
| Answer» D. none of these | |
| 1021. |
During which five year plan three iron-steel plants were set up in the country? |
| A. | First |
| B. | Second |
| C. | third |
| D. | IV |
| Answer» C. third | |
| 1022. |
The uncertainty of farming can be reduced by adopting? |
| A. | specific farming practices |
| B. | diversified farming |
| C. | Hybrid seed use in crop production |
| D. | none of these |
| Answer» D. none of these | |
| 1023. |
During which five year plan the economic growth rate did not exceed the target? |
| A. | First |
| B. | Second |
| C. | fifth |
| D. | Sixth |
| Answer» C. fifth | |
| 1024. |
When is the minimum support price for agricultural produce announced? |
| A. | National Farmers Commission |
| B. | Planning Commission |
| C. | Food Corporation of India |
| D. | Agricultural Costs and Prices Commission |
| Answer» E. | |
| 1025. |
What is the total number of years uncovered in any five year plan since the inception of the plan in India? |
| A. | 3 |
| B. | 5 |
| C. | 6 |
| D. | 7 |
| Answer» D. 7 | |
| 1026. |
Who was the person to be appointed as the chairman of the National Planning Committee? |
| A. | Jawaharlal Nehru |
| B. | P. C. Mahalanobis |
| C. | Subhash Chandra Bose |
| D. | none of these |
| Answer» B. P. C. Mahalanobis | |
| 1027. |
Where is the Agricultural Cost and Price Commission located? |
| A. | New Delhi |
| B. | Mumbai |
| C. | Chennai |
| D. | Pune |
| Answer» B. Mumbai | |
| 1028. |
When was the report of the National Planning Committee published? |
| A. | 1938 AD |
| B. | 1988 AD. |
| C. | 1949 AD. |
| D. | 1955 AD. |
| Answer» D. 1955 AD. | |
| 1029. |
What is economic planning? |
| A. | of union list |
| B. | Not mentioned in any particular list |
| C. | of concurrent list |
| D. | of state list |
| Answer» D. of state list | |
| 1030. |
When was the Planning and Development Department, a separate department opened by the Government of India? |
| A. | 1944 AD. |
| B. | 1950 AD |
| C. | 1974 AD. |
| D. | 1955 AD. |
| Answer» B. 1950 AD | |
| 1031. |
Who prepared the draft of the People's Plan? |
| A. | Sir Ardeshir Dalal |
| B. | Jai Prakash Narayan |
| C. | Mr. Manna Narayan |
| D. | M. N. opinion |
| Answer» E. | |
| 1032. |
What are the objectives of Indian planning? |
| A. | increase in national income |
| B. | Poverty alleviation |
| C. | reducing inequalities in income and wealth |
| D. | all these |
| Answer» E. | |
| 1033. |
Who is responsible for preparing the five year plan? |
| A. | National Development Council |
| B. | central and state government |
| C. | The Office of the Prime Minister |
| D. | Planning Commission |
| Answer» E. | |
| 1034. |
When was the National Planning Committee established? |
| A. | 1938 AD |
| B. | 1842 AD |
| C. | 1947 AD |
| D. | 1951 AD. |
| Answer» B. 1842 AD | |
| 1035. |
Which of the following economists first supported the concept of rolling plan for developing countries? |
| A. | Paul A. Samuelson |
| B. | Gunnar Myrdal |
| C. | J. K. Mehta |
| D. | none of these |
| Answer» C. J. K. Mehta | |
| 1036. |
When did economic planning start in India? |
| A. | on 1st April 1951 |
| B. | on 1st May 1956 |
| C. | on 15 August 1947 |
| D. | On January 26, 1949 |
| Answer» B. on 1st May 1956 | |
| 1037. |
Who presents the final draft of the five year plan? |
| A. | Finance Commission |
| B. | National Development Council |
| C. | Finance Ministry |
| D. | Planning Commission |
| Answer» C. Finance Ministry | |
| 1038. |
When was the concept of planning adopted in India? |
| A. | 1947 AD |
| B. | 1950 AD |
| C. | 1952 AD |
| D. | 1955 AD. |
| Answer» C. 1952 AD | |
| 1039. |
Who is credited with presenting the first idea related to planning in India? |
| A. | Jawaharlal Nehru |
| B. | Mumbai's industrialists |
| C. | M. Visvesvaraya |
| D. | Mr. Manna Narayan |
| Answer» D. Mr. Manna Narayan | |
| 1040. |
Where does India get maximum tax income? |
| A. | from income tax |
| B. | from central excise |
| C. | from import duty |
| D. | from corporation tax |
| Answer» E. | |
| 1041. |
What is the difference between fiscal deficit and budgetary deficit? |
| A. | public debt |
| B. | revenue loss |
| C. | depreciation |
| D. | primary deficit |
| Answer» B. revenue loss | |
| 1042. |
Which is not a part of the non-plan expenditure of the Central Government? |
| A. | defense expenditure |
| B. | Allocation for Science and Technology Development |
| C. | payment of delivery |
| D. | interest payment |
| Answer» C. payment of delivery | |
| 1043. |
What has been the largest item of expenditure in the federal government's budget in recent years? |
| A. | defense expenditure |
| B. | large production |
| C. | Capital expenditure |
| D. | payment of interest |
| Answer» E. | |
| 1044. |
When does the financial year of India begin? |
| A. | March 1 |
| B. | January 1 |
| C. | December 1 |
| D. | April 1 |
| Answer» E. | |
| 1045. |
What is the nature of economic planning in India? |
| A. | decentralized |
| B. | socialist and capitalist |
| C. | instructional |
| D. | all these |
| Answer» E. | |
| 1046. |
Where does the federal budget get the maximum income? |
| A. | from income tax |
| B. | from corporate tax |
| C. | from excise duty |
| D. | from customs duty |
| Answer» C. from excise duty | |
| 1047. |
Which is the largest nationalized enterprise in India at present? |
| A. | Indian Railways |
| B. | Indian telecommunication system |
| C. | Indian power sector |
| D. | Indian commercial banking system |
| Answer» B. Indian telecommunication system | |
| 1048. |
Green revolution is mainly related to which crop? |
| A. | rice |
| B. | Sugarcane |
| C. | pulses |
| D. | wheat |
| Answer» E. | |
| 1049. |
Which contributes the most to the total tax income of the Government of India? |
| A. | of income tax |
| B. | property tax |
| C. | Of Central Excise Tax |
| D. | of tariff tax |
| Answer» D. of tariff tax | |
| 1050. |
In which state was the first zero based budgeting technology adopted in India? |
| A. | come. Q. |
| B. | Kerala |
| C. | Tamil Nadu |
| D. | Karnataka |
| Answer» B. Kerala | |