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Q:

The Planning Commission of India is

A) A Constitutional body B) An Independent and Autonomous body
C) A Statutory body D) A non Statutory body
 
Answer & Explanation Answer: D) A non Statutory body

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Filed Under: Indian Economy

Q:

The second Five Year plan was based on

A) Mahalanobis Model B) Vakil and Brahmananda's Wage -Goods Model
C) Harrod - Domar Growth Model D) Solow Growth Model
 
Answer & Explanation Answer: A) Mahalanobis Model

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Filed Under: Indian Economy

Q:

Under which plan did the Government Introduce an agricultural strategy which gave rise to Green Rrevolution

A) Second five year plan B) Third five year plan
C) Fourth five year plan D) Sixth five year plan
 
Answer & Explanation Answer: B) Third five year plan

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Filed Under: Indian Economy

Q:

Which one of the following is a development expenditure

A) Irrigation expenditure B) Civil administration
C) Debt services D) Grant in Aid
 
Answer & Explanation Answer: A) Irrigation expenditure

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Filed Under: Indian Economy

Q:

Per Capita Income is Obtained by dividing National Income by

A) Total population of the country B) Total working population
C) Area of the country D) Volume of the capital used
 
Answer & Explanation Answer: A) Total population of the country

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Filed Under: Indian Economy

Q:

GDP at factor cost is

A) GDP minus indirect taxes plus subsidies B) GNP minus depreciation allowances
C) NNP plus depreciation allowances D) GDP minus subsidies plus indirect taxes
 
Answer & Explanation Answer: A) GDP minus indirect taxes plus subsidies

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Filed Under: Indian Economy

Q:

Who coined the term 'Hindu rate of growth' for Indian economy

A) A.K.Sen B) Kirit S.Parikh
C) Raj Krishna D) Montek Singh Ahluwalia
 
Answer & Explanation Answer: C) Raj Krishna

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Q:

In India, Agriculture income is calculated by

A) Output method B) Input method
C) Expenditure method D) Commodity flow method
 
Answer & Explanation Answer: A) Output method

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Filed Under: Indian Economy