Economics 8

Welcome to your Economics 8

1. Who had prepared the Gandhian plan for economic development in 1944?

a) Mahatma Gandhi
b) Sriman Narayan
c) M.N Roy
d) J.P. Narayan

(a)

(b)

(c)

(d)

2. Sarvodaya plan was proposed by?

a)J.L. Nehru

b) M.N. Roy

c) J.P. Narayan

d) J.R.D. Tata

(a)

(b)

(c)

(d)

3. Which of the following was not objective of planning in India?

a) Economic Growth

b) Poverty

c) Alleviation Self reliance

d) Avoiding modernisation

(a)

(b)

(c)

(d)

4. Planning commission was

a) A constitutional body

b) Non advisory body

c) Non autonomous

d) Extra constitutional body

(a)

(b)

(c)

(d)

5. Emphasis on Rapid industrialisation & focus on heavy industry was the objective of?

a) First five year plan
b) Second five year plan
c) Third five year plan
d) Fifth Five year plan

(a)

(b)

(c)

(d)

6. Inclusive growth remained as an objective of which of the five year plan?

a)Tenth plan
b) Eleventh Five Year plan
c) Fifth plan
d) Sixth plan

(a)

(b)

(c)

(d)

7. The concept of Economic Planning in India is derived from which country?

a) UK
b) USA
c) Russia
d) France

(a)

(b)

(c)

(d)

8. NITI Aayog current CEO

a) BVR Subrahmanyam
b) Rajiv Kumar
c) Rajiv Singh
d) Shri Suman Bery

(a)

(b)

(c)

(d)

9. NITI Aayoy current Vice Chairman

a) Suri Bery
b) Rajiv Kumar
c) Suman Bery
d) Arvind Panagariya

(a)

(b)

(c)

(d)

10. Finance Commissions of India was established under Article —— of Indian Constitution

a) 280
b) 278
c) 270
d) 208

(a)

(b)

(c)

(d)

11. 15th Finance Commissions Chairman

a) KN Singh
b) NK Singh
c) KC Neogi
d) KN Neogi

(a)

(b)

(c)

(d)

12. Which of the following is/are the major objective of planning in India?
1. Controlling economic inequality
2. Self-reliance
3. Credit control
4. Poverty alleviation
Select the correct answer using the codes given below:

(a) 2 only
(b) 2, 3 and 4 only
(c) 1, 2 and 4 only
(d) 2 and 3 only

(a)

(b)

(c)

(d)

13. Which of the following Five Year Plan (FYP) gave emphasis to agriculture sector?

a)1st FYP
b) 2nd FYP
c) 3rd FYP
d) 4th FYP
Select the correct answer using the codes given below:

(a) 1 and 2 only
(b) 2 and 3 only
(c) 1, 3 and 4 only
(d) 1, 2, 3 and 4

(a)

(b)

(c)

(d)

14. The primary function of the Finance Commission in India is to

(a) Distribute revenue between the Centre and the States
(b) Prepare the Annual Budget
(c) Advise the Presidents on financial matters
(d) Allocate funds to various ministries of the Union and the State Government

(a)

(b)

(c)

(d)

15. Which of the statements given below is/are incorrect?

(a) NDP = GDP – depreciation
(b) GNP = GDP + Net income from abroad
(c) NNP = GNP + depreciation
(d) Per capita income of the Nation = NNP/Total population

()

16. The 2022 BRICS summit was hosted by

a) India
b) Brazil
c) China
d) South Africa

(a)

(b)

(c)

(d)

17. Which ministry has the highest allocation in 2023 – 2024 Budget ?

a) Ministry of Railways
b) Ministry of Defence
c) Ministry of Road Transport and Highways
d) Food and Public Distribution

(a)

(b)

(c)

(d)

18. According to the Budget 2023 – 2024 maximum expenditure is to be on

a) Food subsidy

b) Fertilizer subsidy

c) Fuel subsidy

d) Export subsidy

(a)

(b)

(c)

(d)

19. NITI Aayog current CEO

a) BVR Subrahmanyam
b) Rajiv Kumar
c) Rajiv Singh
d) Shri Suman Bery

(a)

(b)

(c)

(d)

20. Inflation is measured by _______

a) Consumer price index
b) Wholesale price index
c) Marshall’s index
d) None of the above

(a)

(b)

(c)

21. Under the Budget 2023 – 2024, the allocated amount for MNREGA is

a) Rs. 73,000 crore
b) Rs. 60,000 crore
c) Rs. 68,000 crore
d) Rs. 70,000 crore

(a)

(b)

(c)

(d)

22. When was R.B.I. nationalised?

a) 1935
b) 1949
c) 1929
d) 1914

(a)

(b)

(c)

(d)

23.. The base year for WPI (Wholesale Price Index) is
a) 2004 – 2005
b) 2011 – 2012
c) 2015 – 2016
d) none of the above

(a)

(b)

(c)

(d)

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