Indian Economy Questions Answers

1. The concept of Economic Planning in India is derived from ?

1. USA
2. UK
3. Australia
4. Russia

2. First five year plan was based on ?

1. Herold -Domar Model
2. P.C. Mahalanobis Model
3. Both of above
4. None of above

Second five year plan (1956-1961) was based on P.C. Mahalanobis Model.

3. Which five year plan is also known as "Gadgil Yojana" ?

1. Second Five Year Plan
2. Third Five Year Plan
3. Fourth Five Year Plan
4. Fifth Five Year Plan

4. Which five year plan focused on "Growth with social justice and equity".

1. Ninth Five Year Plan
2. Eight Five Year Plan
3. Seventh Five Year Plan
4. Sixth Five Year Plan

5. Planning Commission was constituted on ?

1. 15 March, 1948
2. 15 March, 1949
3. 15 March, 1950
4. 15 March, 1951

The Prime Minister is the ex-officio Chairman of this Commission.

7. National Development Council was constituted on

1. 2 August, 1952
2. 6 August, 1952
3. 8 August, 1952
4. 12 August, 1952

8. National Rural Employment Guarantee Programme started in ?

1. 2005
2. 2006
3. 2007
4. 2008

It started on 2nd Feb, 2006.
Govt. of India renamed it to Mahatma Gandhi National Rural Employment Guarantee Act(MNERGA) on 2nd October, 2009.

9. Small Industries Development Bank of India (SIDBI) was established in :

1. 1986
2. 1987
3. 1988
4. 1989

Small Industries Development Bank of India (SIDBI) was established in 1989. Its main function is to provide assistance to small scale industries through state finance corporations, state industrial development corporations, commercial banks etc.

10. Gilt-edged market means

1. market of government securities
2. bullion market
3. market dealing with metals
4. market dealing with exports