(QUIZ) Economy MCQs : Economic Planing In India

(QUIZ) Economy MCQs : Economic Planing In India

1. Consider the following statements.

  1. Government of India changed the base year for calculating national income to 2004-05 as against 1999-2000.
  2. In the market economy state has the maximum role in the management of economy.
  3. Indicative plan is one where there is a mixed economy with state & market playing significant roles to achieve targets for growth.

Which of the above statements is / are true.

  1. 1, 2 & 3
  2. 1 & 3
  3. 1 & 2
  4. 2 & 3

2. In 1944 leading businessmen & industrialist (JRD Tata, GD Birla etc.) put forward A plan of Economic Development for India in the name of

  1. Bombay Plan
  2. Janshree Plan
  3. Sarvoday Plan
  4. None of these

3. Consider the following statements about Planning Commission of India.

  1. Commission was constituted in 1951.
  2. It works under the guidance of National Development Council.
  3. It is an constitutional Body 
  4. All the Cabinet Ministers are the member of planning commission.

Which of the above statements is / are true.

  1. All of the above
  2. 2 & 3 only
  3. 1, 3 & 4 only
  4. 1 & 2 only

4. Consider the following statements about National Development Council.

  1. NDC is headed by the central home minister.
  2. It is an advisory body.
  3. Chief minister of all the states & Union territories are the members of NDC.

Which of the above statements is / are true.

  1. All of the above
  2. 1 & 3 only
  3. 2 & 3 only
  4. 2 only

5. Consider the following statements about indicative planning (in Indian Context).

  1. It is characterised by an economy where the private sector is given a substantial role.
  2. Indicative plan was adopted in 8th five year plan.

Which of the above statements is / are true.

  1. 1 only
  2. Both 1 and 2
  3. Neither 1 nor 2
  4. 2 only

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