Basics GK 125+ MCQs on Indian Economy
21. Which one of the following was the objective of 12th five year plan of India?
a. Faster and Inclusive growth
b. Faster quick and reliable inclusive growth
c. Faster reliable and more inclusive growth
d. Faster sustainable and more inclusive growth.
Ans. Option : D
22. Indian Economy is :
a. Socialist Economy
b. Gandhian Economy
c. Mixed Economy
d. Free Economy
Ans. Option : C
23. Mixed Economy means an economy where:
a. Both agriculture and industry are equally promoted by the state.
b. There is co-existence of public sector along with private sector.
c. There is importance of small scale industries along with heavy industries.
d. Economy is controlled by military as well as civilian rulers.
Ans. Option : B
24. Who is the chairman of the planning commission in India?
a. President
b. Vice president
c. Prime Minister
d. Finance Minister
Ans. Option : C
25. The deputy chairman of the planning commission:
a. HRD minister
b. Finance Minister
c. Holds the rank of cabinet ministry.
d. Is an Economist of repute.
Ans. Option : C
26. The second five year plan laid more stress on :
a. Industrialization
b. Removing poverty
c. Self-reliance
d. Agriculture
Ans. Option : A
27. A Rolling plan is a plan for:
a. One year
b. Two year
c. Three year
d. Five year
Ans. Option : A
28. Rolling plan was designed for the period of :
a. 1985-90
b. 1974-79
c. 1980-85
d. 1978-83
Ans. Option : D
29. Major objective of 31st five year plan was:
a. Industrial growth
b. Self- reliance
c. Economic growth
d. Development of agriculture
Ans. Option : D
30. Major portion of working population in India is in”
a. A tertiary factor
b. Private sector
c. Public sector
d. Secondary Sector
Ans. Option : B
