Indian Economy - Mock Test 15

Question 141

For internal financing of Five Year Plans, the government depends on?

A) Taxation, public borrowing and deficit financing B) Public borrowing and deficit financing C) Taxation and public borrowing D) Taxation only

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Question 142

Which statement is correct for Indian Planning Commission ?

A) Members do not require any minimum education B) It is not defined in Indian Constitution C) Members and Vice-Chairman of it do not have fixed working duration D) All of the these

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Question 143

A “closed economy” is a kind of economy in which?

A) Only exports take place B) The money supply is fully controlled C) Deficit financing takes place D) Neither exports nor imports take place

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Question 144

‘Take off stage’ in an economy means?

A) Economy is stagnant B) Steady growth begins C) Economy is about to collapse D) All controls are removed

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Question 145

National Development Council was set up in?

A) 1952 B) 1950 C) 1949 D) 1948

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Question 146

The growth rate of agricultural production was negative in the?

A) First Plan B) Second Plan C) Third Plan D) All of the above

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Question 147

In which of the Five Year Plan, the weaker sections of the society got priority ?

A) Fifth B) Fourth C) Third D) None of these

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Question 148

The first Chairman of the Planning Commission was?

A) Indira Gandhi B) Dr. Rajendra Prasad C) Pt. Jawaharlal Nehru D) Sardar Vallabhbhai Patel

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Question 149

During which Five Year Plan was the total expenditure on agriculture the highest ?

A) First Five Year Plan B) Second Five Year Plan C) Third Five Year Plan D) Fourth Five Year Plan

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Question 150

The strategy of Rolling plan was adopted during the Prime Ministership of?

A) Indira Gandhi B) Morarji Desai C) Rajiv Gandhi D) Jawaharlal Nehru

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