Nature of Indian Economy Questions and answers

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11). The contribution of agriculture to India's economy is : A). increasing B). decreasing C). constant D). none of these View Answer Correct Answer: decreasing View Comments Report Error Report error with gmail Hide

12). Which of the following bodies finalises the Five Year Plan proposals? A). Planning Commission B). Union Cabinet C). National Development Council D). Ministry of Planning View Answer Correct Answer: National Development Council View Comments Report Error Report error with gmail Hide

13). National Development Council was set up in : A). 1948 B). 1950 C). 1951 D). 1952 View Answer Correct Answer: 1952 View Comments Report Error Report error with gmail Hide

14). Economic Planning is a subject : A). in the Union List B). in the State List C). in the Concurrent List D). unspecific in any special list View Answer Correct Answer: in the Concurrent List View Comments Report Error Report error with gmail Hide

15). For internal financing of Five Year Plans, the government depends on : A). taxation only B). taxation and public borrowing C). public borrowing and deficit financing D). taxation, public borrowing and deficit financing View Answer Correct Answer: taxation, public borrowing and deficit financing View Comments Report Error Report error with gmail Hide

16). The National Development Council gets its administrative support from : A). Planning Commission B). Finance Commission C). Administrative Reforms Commission D). Sarkaria Commission View Answer Correct Answer: Planning Commission View Comments Report Error Report error with gmail Hide

17). The Fiver Year Plans of India intend to develop the country industrially through : A). the public sector B). the private sector C). the public, private, joint and Cooperative sectors D). increasing collaboration with non-resident Indians View Answer Correct Answer: the public, private, joint and Cooperative sectors View Comments Report Error Report error with gmail Hide

18). The Planning Commission is : A). a Ministry B). a Government department C). an Advisory body D). an autonomous Corporation View Answer Correct Answer: an Advisory body View Comments Report Error Report error with gmail Hide

19). Which of the following statements is correct? A). Planning Commission is a constitutional body B). The Prime Minister is the Chairman of the Planning Commission C). The Minister of Planning is always necessarily the Deputy Chairman of Planning Commission D). The draft plan is prepared by the National Development Council View Answer Correct Answer: The Prime Minister is the Chairman of the Planning Commission View Comments Report Error Report error with gmail Hide

20). The principal reason why national economic planning is still being pursued in spite of embracing a market economy since 1991 is that : A). The vast quantity of capital already deployed in the public sector needs to be nurtured B). The market economy is mainly confined to industry and commerce and central in agriculture is necessary. C). it is a constitutional requirement D). Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions View Answer Correct Answer: Five Year Plans can continue to provide a long-term perspective to the economy in market friendly fashions View Comments Report Error Report error with gmail Hide