1. Globalization of Indian economy means ___
Having minimum possible restrictions on economic relations with other countries
2. The contribution of agriculture to India’s economy is ___
Decreasing
3. Which body finalizes the five year plan proposals?
National development council
4. Which features indicate that Indian economy is of the developing category?
Occupation mainly agricultural; chronic unemployment; poor quality of human capital; low per capita intake of proteins
5. Dadabhai Naoroji theorized on the drain of wealth from India in his book ___
Poverty and unbritish rule in India
6. What are the long term objectives of Indian planning?
Self reliance and productive employment generation
7. Which five year plan recognized human development as the core of all developmental efforts?
Eighth five year plan
8. In which five year plan preference was given to the weaker sections of the society?
Fifth
9. The second five year plan laid more stress upon ___
Industrialization
10. The steel plants at Durgapur, bhilai and Rourkela were established during the period of ___
Second five year plan
11. What is the correct sequence of strategies used for five year plans in India?
Rehabilitation of the economy>industrial development>balanced growth
12. During which five year plan was the total expenditure on agriculture the highest?
Fourth five year plan
13. The objective of self reliance and zero net foreign aid was declared in ___
Fourth five year plan
14. Who was the author of the chapter on "objectives of planned development" for the third five year plan?
Morarji Desai
15. In which five year plan the actual growth performance in respect of GDP was less than the target set?
Ninth five year plan
16. The 11th five year plan strategy to raise agricultural output envisages ___
Greater attention to land reforms; double the rate of growth of irrigated area; promote animal husbandry and fishery
17. Food for Work programmed was launched during which plan?
10th plan
18. Who was the first chairman of the planning commission?
J l Nehru
19. In India single biggest employment is ___
Agriculture and allied activities
20. Indian planning commission is not defined in Indian constitution. Members and vice chairman of it do not have fixed working duration. Members do not require any minimum education. True or False
TRUE
21. Which are indicators of financial health of country?
GDP; PPP; FDI in a year
22. In which plan a shift in the pattern of industrialization with lower emphasis on heavy industries and more on infrastructure begins?
Eighth plan
23. What is "melt down" in finance?
Fall in stock prices
24. The Nehru-Mahalanobis strategy of development guided the planning practice in India from the ___
Second to seventh five year plan
25. Rolling Plan is a plan for the current year which includes the annual budget. It is revised every year as per requirements of the economy. True or False
TRUE
26. A "closed economy" is an economy in which ___
Neither exports nor imports take place
27. In which plan was the growth rate target exceeded ___
First plan
28. The concepts of "minimum heeds" and "directed anti poverty programmes" were the innovations of which plan ___
Fifth plan
29. During which plan did prices show a decline?
First plan
30. Year of great divide is ___
1921