Free Online Practice Test – Indian Economy -1

Indian Economy Online Test, Free Online Practice Test on Indian Economy

Free Online Practice Test on Indian Economy for UPSC Prelims, SSC, IBPS, TSPSC and APPSC Group -1, Group -2 and Group -3

We are posting online practice test on Indian Economy.

In this online test, there are 50 Questions from Planning in India.

All Questions are of multiple choice questions only.

We have also included questions from previous examinations like UPSC, IBPS, SSC etc.

Practicing questions is very important to achieve success in competitive exams like UPSC Prelims, SSC CGL, IBPS, APPSC and TSPSC Group -1, Group -2 and Group -3 exams.

After submitting the test, you can see your results on screen.

Question 1

31. Self-reliance in the economic context implies that a country:
1. meets its demands for all goods and services from its domestic production
2. exports some of its goods but does not need to import anything
3. has sufficient foreign exchange reserves to buy all its needs
4. meets its demand for certain vital goods and services from its domestic production

Question 2

33. In India, the Public Sector is most dominant in : [IAS 1993]

Question 3

34. The first attempt to initiate economic planning in India was made by:

Question 4

13. Who is called the 'Father of Economics' ?

Question 5

The basic objectives of Indian planning are:

1. economic growth

2. self-reliance

3. employment generation

4. population growth

Question 6

44. Which one of the following is the task of the Planning Commission? [NDA 1991]

Question 7

The National Development Council got its administrative support from:

Question 8

20. Which of the following are not correct assessments of the decades of India's Five-Year Plans?

1. There has been very low capital formation
2. Growth has favoured the better off
3. Production has increased substantially though often falling short of targets
4. The public sector has contributed nothing to economic growth

Question 9

16. India opted for 'Mixed Economy' in :

Question 10

48. Which of the bodies finalises the Five Year Plan proposals? [IAS 2002]

Question 11

Which of the following statements is correct? [AAO 1993]

Question 12

37. The main objective of First Five-year Plan was:

Question 13

19. Which of the following could be said to have prevented the 'trickle down' effects in
Indian economy?
1. Increased dependence of agriculture on purchased inputs and privately managed irrigation
2. More employment of labour by larger landholding farmers
3. Lowered participation of women in agricultural workforce due to new technology
4. The failure of the Green Revolution

Question 14

32. Which of the following gives an accurate measurement of economic development through Five Year Plans?

Question 15

46. 'Globalisation of Indian Economy' means:

Question 16

42. The basic feature of the Rolling Plans was that:

Question 17

39. Rolling plan was designed for the period: [IAS 2003]

Question 18

Economic Planning is a subject: [Asstt Grade 1991]

Question 19

18. India's economic planning CANNOT be said to be : [NDA 2002]

Question 20

15. India has: [CDS 1992]

Question 21

10. Planning in India derives its objectives from:

Question 22

45. Who wrote the book 'Planned Economy for India'?

Question 23

23. Who was the first Deputy Chairman of Planning Commission of India?

Question 24

41. A rolling plan was a plan for:

Question 25

40.The strategy of Rolling plan was adopted during the Prime Ministry of:

Question 26

25. Put in chronological order
1. Constitution of National Planning Committee -by the Indian National Congress under
Jawaharlal Nehru
2. Planned Economy for India by Visvesvaraya published
3. Bombay Plan
4. Setting up of the National Development Council

Question 27

9. 'Take off stage' in an economy means: [CBI 1990]

Question 28

38. India had a plan holiday: [CPO AC 2003]

Question 29

50. The basic difference between imperative and indicative planning is that: [IAS 1993]

Question 30

National Development Council was set up in:

Question 31

24. The Planning Commission of India:

I. was set up in 1950

II. is a constitutional body

III. is an advisory body

IV. is a government department

Question 32

43. The growth rate of agricultural production was negative in the:

Question 33

21. Who is the Deputy Chairman of Planning Commission?

Question 34

12. Economic survey is published by :[IAS 1998]

Question 35

30. An underdeveloped economy is generally characterised by :

1. low per capita income

2. low rate of capital formation

3. low dependency figure

4. working force largely in the tertiary sector

Question 36

36. Match the following. : [UP PCS 1994]

A. First Plan 1. Rapid industrialisation
B. Second Plan 2. Community Development Programme
C. Third Plan 3. Expansion of basic industries
D. Fourth Plan 4. Minimum Needs Programme
E. Fifth Plan 5. Achievement of self-reliance and growth with stability

Question 37

22. The deputy chairman of the Planning Commission: [UP PCS 1994]

Question 38

8. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: [IAS 1994]

Question 39

11. 70% of working population of India is engaged in:

Question 40

Indicative Planning being pursued in India since the 8th Plan aims at ensuring that:
1. Planning mechanism plays a facilitatory role
2. Planning mechanism brings about a balance between need and supply
3. Planning mechanism concerns itself with optima! utilisation of resources
4. Planning concerns itself with laying down broad directions in which the economy should move
Choose the correct answer from:

Question 41

14. The concept of Five Year Plans in India was introduced by

Question 42

28. Consider the following statements: [IAS 2004]
1. The highest deciding body for planning in India is the Planning Commission of India.
2. The Secretary of the Planning Commission of India is also the Secretary of National Development Council

3. The Constitution includes economic and social planning in the Concurrent List in the Seventh Schedule of the Constitution of lndia. Which of the statements given above is/are correct?

Question 43

The Planning Commission was

Question 44

35. The decentralisation system was recommended by :

Question 45

The Five Year Plans of India intend to develop the country industrially through:

Question 46

For internal financing of Five Year Plans, the government depends on: [NDA 1991]

Question 47

47. The contribution of agriculture to India's' economy is:

Question 48

26. Microeconomics is concerned with:
1. behaviour of industrial decision-makers
2. the level of employment
3. changes in the general level of prices
4. determination of prices of goods and services

Question 49

17. Mixed economy means an economy where [CDS 2009]

Question 50

49. Which one of the following is NOT with in the duties of the Planning Commission? [NDA 2003]


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