Economics 5

Welcome to your Economics 5

1. Who among the following was the Chairman of 14th Finance Commission?

(a) Shanta Kumar
(b) C. Rangarajan
(c) Y.V. Reddy
(d) None of the above

(a)

(b)

(c)

(d)

2. After the commencement of the Constitution how many Finance Commissions have been constituted?

(a) 10

(b) 8

(c) 9

(d) 15

(a)

(b)

(c)

(d)

3. The final approval to the five year plans of India is given by?

(a) NITI Aayog
(b) President of India
(c) National Development Council
(d) Ministry of Finance

(a)

(b)

(c)

(d)

4. National Development Council was established in

(a) 1952

(b) 1971

(d) 1964

(a)

(b)

(c)

(d)

5 .The 12th Five Year Plan was applicable to and from which of the following periods?

(a) 2005-10
(b) 2004-09
(c) 2012–17
(d) 2007-12

(a)

(b)

(c)

(d)

6. Who was the last deputy chairman of the planning commission?

(a)Shri R.P Sinha

(b)Shri Shyamal Ghosh

(c)Shri Vinay Kohli

(d)Shri Montek Singh Ahluwalia

(a)

(b)

(c)

(d)

7. What does NITI Aayog stand for?

(a)National Institute for Technology India

(b)National Institute for Transforming India

(c)National Interest for Technology India

(d)National Interest for Transforming India

(a)

(b)

(c)

(d)

8. Which five year plan saw the devaluation of the Indian rupee?

(a)First

(b)Second

(c)Third

(d)Fourth

(a)

(b)

(c)

(d)

9. Which 5-year plan led to the establishment of the National Bank for Agriculture and Rural development?

(a)First

(b)Second

(c)Fifth

(d)Sixth

(a)

(b)

(c)

(d)

10. After which five year plan, ‘The Rolling plan’ was implemented?

(a) Third Plan

(b) Fifth plan

(c)Seventh plan

(d) Ninth Plan

(a)

(b)

(c)

(d)

11. Disguised unemployment is a common phenomenon in

a) Agriculture
b) Industry
c) Trade
d) Telecommunication

(a)

(b)

(c)

(d)

12. The full form of NSSO is

a) National Sample Survey Organisation

b) National Statistical Survey Organisation

c) National Standard Survey Organisation

d) National Scholarship and Schooling Organisation

(a)

(b)

(c)

(d)

13. Unemployment that occurs during the normal workings of an economy as people change jobs and move across the country is called _____.

a) structural unemployment.
b) natural unemployment
c) frictional unemployment
d) cyclical unemployment

(a)

(b)

(c)

(d)

14. National rural employment programme was launched in which year?

a) 1982
b) 1980
c) 1985
d) 1991

(a)

(b)

(c)

(d)

15. Who developed the concept of disguised unemployment?

a) John Keynes
b) Amartya Sen
c) John Robinson
d) Alfred Marshal

()

16. Who are counted in the labour force of a country?

a) The population of 18 to 60 years of age
b) The population of 15 to 65 years of age
c) The population of 18 to 65 years of age
d) Population of 21 to 62 years of age

(a)

(b)

(c)

(d)

17. What is a statistical study of human population called?

a) Human Geography
b) Demography
c) Pedology
d) Biogeography

(a)

(b)

(c)

(d)

18. Who among the following gave the Theory of demographic Transition?

a) Charles Darwin
b) Jeans Jacques
c) FW Notestein
d) Alexander Humboldt

(a)

(b)

(c)

(d)

19. Who among the following issues metallic coins in India?

a) RBI
b) Government of India
c) Bank and Financial Institutions
d) All of the above

(a)

(b)

(c)

(d)

20. Which of the following is issued by RBI?
a) Currency Notes
b) Coins
c) Both
d) None of the above

(a)

(b)

(c)

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