Indian Economy Questions

Question (1) Slogan ‘Garibi Hatao’ was included in _.
– Second Plan,
– Third Plan,
– Fourth Plan,
– Fifth Plan
Ans:- Fifth Plan

Question (2) The Eight plan period was from _.
– 1992-1997,
– 1997-2002,
– 2002-2007,
– 2007-2012
Ans:- 1992-1997

Question (3) The banks are required to maintain a certain ratio between their cash in hand and total assets is called _.
– POS,
– SLR,
– TPC,
– RTM
Ans:- SLR

Question (4) Blue revolution is nothing but _.
– Progress in increase of fish production,
– Progress in increase of oil seeds production,
– Progress in increase of fruits production,
– Progress in increase of rice production
Ans:- Progress in increase of fish production

Question (5) Who is the Chairman of the Planning Commission in India-
– President,
– Vice President,
– Prime Minister,
– Finance Minister
Ans:- Prime Minister

Question (6) Which one of the following is true about Planning Commission-
– It is a Ministry,
– It is a Government Department,
– It is an Advisory Body,
– It is an Autonomous Corporation
Ans:- It is an Advisory Body

Question (7) Economic survey is published by-
– Ministry of Finance,
– Planning Commission,
– Govt of India,
– Indian Statistical Institute
Ans:- Ministry of Finance

Question (8) Mahila Samridhi Yojana started in?
– 1992,
– 1993,
– 1994,
– 1995
Ans:- 1993

Question (9) Which state is the biggest tea producer in the country?
– Andhra Pradesh,
– Sikkim,
– Assam,
– West Bengal
Ans:- Assam

Question (10) Which five year plan focused on “Growth with social justice and equity”?
– Ninth Five Year Plan,
– Eight Five Year Plan,
– Seventh Five Year Plan,
– Sixth Five Year Plan
Ans:- Ninth Five Year Plan

Question (11) Industrial Credit and Investment Corporation of India (ICICI) was established in?
– 1989,
– 1990,
– 1991,
– 1992
Ans:- 1991

Question (12) The increase in oil seeds production was due to?
– White revolution,
– Yellow revolution,
– Green revolution,
– Brown revolution
Ans:- Yellow revolution

Question (13) Which of the following is not viewed as a national debt?
– National Saving Certificate,
– Provident Fund,
– Life Insurance Policies,
– Long-term Government Bonds
Ans:- National Saving Certificate

Question (14) The best indicator of economic development of any country is?
– Agriculture,
– Transport,
– Gross production,
– Per capita income
Ans:- Per capita income

Question (15) National Agriculture Insurance Scheme was implemented on?
– Oct. 1997,
– Oct. 1998,
– Oct. 1999,
– Oct. 2000
Ans:- Oct. 1999

Question (16) Banking regulation act was passed in?
– 1947,
– 1948,
– 1949,
– 1950
Ans:- 1949

Question (17) Planning Commission was constituted on?
– 15 March, 1948,
– 15 March, 1949,
– 15 March, 1950,
– 15 March, 1951
Ans:- 15 March, 1950

Question (18) The progress in increase of fish production was called?
– Yellow revolution,
– White revolution,
– Brown revolution,
– Blue revolution
Ans:- Blue revolution

Question (19) In India paper currency started in?
– 1860,
– 1861,
– 1862,
– 1863
Ans:- 1861

Question (20) The concept of Economic Planning in India is derived from?
– USA,
– UK,
– Australia,
– Russia
Ans:- Russia

Question (21) Reserve bank of India was established on?
– 1st April, 1935,
– 1st April, 1936,
– 1st April, 1937,
– 1st April, 1938
Ans:- 1st April, 1935

Question (22) Who was the father of Operation Flood?
– Dr. Norman Borlaug,
– Dr. M.S. Swaminathan,
– Dr. Verghese Kurien,
– Dr. William Gande
Ans:- Dr. Verghese Kurien

Question (23) Pradhan Mantri Gramodaya Yojana started in?
– 1999,
– 2000,
– 2001,
– 2002
Ans:- 2000

Question (24) First five year plan was based on?
– Herold-Domar Model,
– P.C. Mahalanobis Model,
– Both of above,
– None of above
Ans:- Herold-Domar Model

Question (25) What is the mainstay of Indian economy?
– Manufacturing,
– Business,
– Public sector,
– Agriculture
Ans:- Agriculture