1. 70% of working population of India is engaged in ___
Primary sector
2. Economic survey is published by ___
Ministry of finance
3. Who is called the father of economics ___
Adam smith
4. The concept of five year plans in India was introduced by ___
Jawaharlal Nehru
5. Type of economy in India is ___
Mixed economy
6. India opted for mixed economy in ___
Industrial policy of 1948
7. Mixed economy means an economy where ___
There is coexistence of public sector along with private sector
8. What have prevented the 'trickle down' effects in Indian economy?
Increased dependence of agriculture on purchased inputs and previously managed irrigation; lowered participation of women in agricultural workforce due to new technology
9. The deputy chairman of the planning commission holds the rank of ___
A cabinet minister
10. Who was the first deputy chairman of planning commission of India?
Shri V.T.Krishnamachari
11. The planning commission of India was set up in ___
1950
12. Microeconomics is concerned with ___
Behavior of industrial decision-makers; determination of prices of goods and services
13. Indicative planning being pursued in India since the ___
8th plan
14. The secretary of the planning commission of India is also the secretary of national development council. True or false
TRUE
15. The basic objectives of Indian planning are ___
Economic growth, self reliance, employment generation
16. An undeveloped economy is generally characterized by ___
Low per capita income, low rate of capital formation
17. Self reliance in the economic context implies that a country ___
Has sufficient foreign exchange reserves to buy all its needs; meets its demand for certain vital goods and services from its domestic production
18. What gives an accurate measurement of economic development through five year plans ___
Rise in national income and per capita income
19. In India, public sector is most dominant in ___
Commercial banking
20. The first attempt to initiate economic planning in India was made by ___
M Visvesvaraya
21. The decentralization system was recommended by ___
Balwant rai Mehta
22. The main objective of first five year plan was ___
Development of agriculture including irrigation and power projects
23. India had a plan holiday after the drought of ___
1966
24. Rolling plan was designed for the period ___
1978-83
25. The strategy of rolling plan was adopted during the prime minister ship of ___
Morarji Desai
26. A rolling plan was a plan for ___
One year
27. The basic feature of the rolling plans was that ___
Annual fluctuations in prices and major economic developments could be considered while fixing targets
28. The growth rate of agricultural production was negative in the ___
Third plan
29. Who plans the five year plans?
Planning commission
30. Who wrote the book "planned economy for India"?
M Visvesvaraya