1. First five-year plan in India was from
(A) 1947 - 1952
(B) 1949 - 1954
(C) 1950 - 1955
(D) 1951 - 1956
2. First five-year plan was based on?
(A) Harrod -Domar Model
(B) P.C. Mahalanobis Model
(C) Both of above
(D) None of above
3. Consider the following statements:
1. An increase in GDP implies a better quality of life of the people of the country
2. Services provided by women in their household is not calculated in the GDP
Choose the correct answer from the following code:
(A) Only 1 (B) Only 2 (C) Both 1 and 2 (D) None of the above
Ans: (B)
4. Sustainable Action for Transforming Human capital (SATH) program is launched by:
(A) Niti Aayog (B) Ministry of Human Resource development (C) World Bank and Ministry of Human Resource development (D) None of the above
Ans: (A)
5. Which five-year plan is also known as "Gadgil Yojana"?
(A) Second Five Year Plan
(B) Third Five Year Plan
(C) Fourth Five Year Plan
(D) Fifth Five Year Plan
6. Green Revolution started in
(A) 1964-65
(B) 1965-66
(C) 1966-67
(D) 1967-68
7. National Rural Employment Programme started in ?
(A) 1979
(B) 1980
(C) 1981
(D) 1982
8. Pradhan Mantri Gramodaya Yojana started in ?
(A) 1999
(B) 2000
(C) 2001
(D) 2002
9. National Rural Employment Guarantee Programme started in ?
(A) 2005
(B) 2006
(C) 2007
(D) 2008
10. Reserve bank of India was established on
(A) 1st April 1935
(B) 1st April 1936
(C) 1st April 1937
(D) 1st April 1938
11. Banking regulation act was passed in?
(A) 1947
(B) 1948
(C) 1949
(D) 1950
12. First Regional Rural Bank came into existence in,
(A) 1973
(B) 1974
(C) 1975
(D) 1976
13. Industrial Development Bank of India (IDBI) established in
(A) 1964
(B) 1965
(C) 1966
(D) 1967
14. Industrial Finance Corporation of India (IFCI) was established in :
(A) 1946
(B) 1947
(C) 1948
(D) 1949
15. Industrial Credit and Investment Corporation of India (ICICI) was established in :
(A) 1989
(B) 1990
(C) 1991
(D) 1992
16. Small Industries Development Bank of India (SIDBI) was established in :
(A) 1986
(B) 1987
(C) 1988
(D) 1989
17. Which five-year plan focused on "Growth with social justice and equity".
(A) Ninth Five Year Plan
(B) Eight Five Year Plan
(C) Seventh Five Year Plan
(D) Sixth Five Year Plan
18. Planning Commission was constituted on?
(A) 15 March 1948
(B) 15 March 1949
(C) 15 March 1950
(D) 15 March 1951
19. National Development Council was constituted on
(A) 2 August 1952
(B) 6 August 1952
(C) 8 August 1952
(D) 12 August 1952
20. Gilt-edged market means
(A) the market of government securities
(B) bullion market
(C) market dealing with metals
(D) market dealing with exports
21. Gross domestic capital formation is defined as
(A) the flow of expenditure devoted to increased or maintaining of the capital stock
(B) expenditure incurred on physical assets only
(C) production exceeding demand
(D) net addition to stock after depreciation
22. What is the target of average economic growth rate (GDP) during the 12th Five Year Plan?
A - 7.8%
B - 8.7%
C - 9%
D - 10%
Answer : C
23. Consider the following statement about Gross National Product
1. It Includes Factor income earned by the factors of production of the rest of the world employed in the domestic economy 2. It excludes Factor income earned by the domestic factors of production employed in the rest of the world
Choose the correct answer from the following code:
(A) Only 1 (B) Only 2 (C) Both 1 and 2
(D) None of the above
Ans: (D)
24. Consider the following statement
1. Net National Product at market price = Gross Domestic Product – Depriciation 2. Net National Income at factor cost = Personal Income
Choose the correct answer from the following code:
(A) Only 1 (B) Only 2 (C) Both 1 and 2 (D) None of the above
Ans: (a)
25. Consider the following statements:
1. Real GDP increases when the value of goods and services increases.
2. Nominal GDP is the value of GDP at current prevailing prices
Choose the correct answer from the following code:
(A) Only 1 (B) Only 2 (C) Both 1 and 2 (D) None of the above
Ans: (B)
26. Which of the following indicators are a part of ease of doing business index released by the World Bank
Getting electricity
Registering property
Resolving insolvency
Trading across borders
Access to credit
Choose the correct answer from the following code:
(A) 1,3 and 4 only (B) 2,3,4 and 5 only (C) 1,3,4 and 5 only (D) All of the above
Ans: (D)