Economics INDIAN ECONOMY: CENTRAL PROBLEMS AND PLANNING Test 14 Welcome to your Economics INDIAN ECONOMY: CENTRAL PROBLEMS AND PLANNING Test 14 Name Email 1.Launched in 1951, India’s first five-year plan was based on which of the following economic models to focus on agriculture and irrigation to boost farm output? (a) Heckscher-Ohlin Model (b) Harrod-Domar Model (c) Mundell-Fleming Model (d) Cobb-Douglas Model None 2. Who among the following was the Chairperson of the Disinvestment Commission, Ministry of Industry (Department of Public Enterprises) established in 1996? (a) Arundhati Roy (b) NK Singh (c) Arvind Mehta (d) GV Ramakrishna None 3.Who among the following is the chairman of NITI Aayog? (a) Rajeev Kumar (b) Narendra Modi (c) Amitabh Kant (d) Nirmala Sitharaman None 4. The five-year plans of India were centralised economic and social growth programmes modelled after those prevalent in ______. (a) the USSR (b) the US (c) Germany (d) Norway None 5.What was the literacy rate of India as per the Census of 2011? (a) 72.0% (b) 61.0% (c) 74.0% (d) 81.5% None 6. Infant Mortality Rate (or IMR) indicates the number of children that die before the age of ______ as a proportion of 1000 live children born in that particular year. (a) 6 months (b) 3 months (c) 1 year (d) 3 years None 7.10 per cent reservation in central government jobs under economically weaker sections (EWS) category is available to persons whose family income is below: (a) ₹10 lakh (b) ₹8 lakh (c) ₹3 lakh (d) ₹5 lakh None 8.Which of the following recommends Minimum Support Prices for crops in India? (a) Commission for Agricultural Costs & Prices (b) NITI Aayog (c) Indian Council of Agricultural Research (d) Fiscal Prudence Commission None 9.A government budget is an annual financial statement that outlines estimated government expenditures and expected government receipts or revenues for the forthcoming fiscal year. Depending on the feasibility of these estimates, which of the following is NOT the budget type? (a) Deficit budget (b) Balanced budget (c) Economy budget (d) Surpuls budget None 10.In the context of agricultural costs in India, what is MSP? (a) Model Stability Product (b) Midterm Supply Plan (c) Maximum Selling Price (d) Minimum Support Price None 11.IPR 1956 formed the basis of the ______ Five Year Plan of India. (a) First (b) Second (c) Third (d) Fourth None 12. Which of the following is NOT a feature of food security? (a) Availability (b) Affordability (c) Acceptability (d) Accessibility None 13. Who among the following economists coined the terminology 'Hindu Rate of Growth'? (a) Amiya Kumar Bagchi (b) Vijay kelkar (c) Raj Krishna (d) Bimal Jalan None 14.In which of the following years was the Planning Commission of India set up ? (a) 1945 (b) 1950 (c) 1958 (d) 1962 None 15.Atal Tinkering Labs is an initiative by which of the following institutions ? (a) National AYUSH Mission (b) Central Board of Secondary Education (c) Reserve Bank of India (d) Niti Aayog None 16. Planned economic development in India began in ______ with the inception of the First Five Year Plan. (a) 1951 (b) 1956 (c) 1948 (d) 1958 None 17. In the context of Colonial India, the Hartog Committee Report is related to which of the following fields ? (a) Education (b) Urbanisation (c) Irrigation (d) Health None 18. Which of the following is the base year of a new WPI series effective from April 2017 ? (a) 2010-11 (b) 2013-14 (c) 2012-13 (d) 2011-12 None 19.The first Five-Year Plan’s main emphasis was to improve the condition of agriculture in India. The plan began in the year: (a) 1953 (b) 1952 (c) 1951 (d) 1949 None Time's up
