GK Questions and Answer, GK Quiz
1: The basic difference between the two types of economic planning - imperative and indicative planning - is that
- it is easier to achieve targets in imperative type of planning
- in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector
- in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system
- in the case of indicative planning, there is no need to nationalise any industry
2: A rolling plan for the Indian economy is a plan that is for
- one year
- three years
- five years
- on year to year basis
3: Among the following options, which one is not a feature of India's economic planning?
- Limited centralisation
- Democratic solution
- Planning of imperative nature
- Planning of indicative nature
4: In which year did the Seventh Five Year Plan of India commence?
5: The 'Food For Work Programme' was restructured and renamed as National Rural Employment Programme (NREP) during which of the following Five Year Plans of India?
6: During the tenure of which of the following Five Year Plans of India was the Khadi and Village Industries Commission (KVIC) set up?
7: The main model that formed the basis of the strategy of the Second Five Year Plan of India was formulated by which of the following persons?
- V. K. R. V. Rao
- P. C. Mahalanobis
- D. R. Gadgil
- P. R. Brahmananda
8: Among the following statements, which one is true?
- Financial planning is more important than physical planning.
- Physical planning is more important than financial planning.
- Physical and financial planning are equally important.
- Physical and financial planning are complementary.
9: Economic planning is an essential feature of which of the following types of economies?
- Dual economy
- Mixed economy
- Capitalist economy
- Socialist economy
10: On what principle was the Gandhian economy based on?
- State Control
- Rural cooperation
11: The 'Hindu rate of growth' is a term which refers to the low annual growth rate of the Indian economy, hovering around 3.5%, from 1950s to 1980s. The term was coined by which of the following Indian economists?
- J. N. Bhagwati
- K. N. Raj
- Raj Krishna
- Sukhamoy Chakravarty
12: Which of the following periods was covered by the Eighth Five Year Plan in India?
13: An accurate measurement of economic development through Five Year Plans is represented through which of the following criterions?
- Development of education and health services.
- Development of railways and roadways.
- Rise in national income and per capita income.
- Development of industrial towns and industrial estates.
14: During which of the following periods were the steel plants at Durgapur, Bhilai and Rourkela established in India?
- First Five Year Plan
- Second Five Year Plan
- Third Five Year Plan
- Fourth Five Year Plan
15: During whose Prime Minister ship was the strategy of Rolling Plan adopted in India?
- Lal Bahadur Shastri
- Indira Gandhi
- Morarji Desai
- Rajiv Gandhi
16: The Five Year Plans of India intend to develop the country industrially through which of the following?
- the public sector
- the private sector
- the public, private, joint and Cooperative sectors
- increasing collaboration with non-resident Indians
17: The National Development Council (NDC) in India, does not comprise
- The Prime Minister
- The President
- Chief Ministers of States
- Union Cabinet Ministers
18: According to the Constitution of India, Economic Planning is a subject
- in the Union List
- in the State List
- in the Concurrent List
- unspecified in any special list
19: Which of the following Five Year Plans of India was terminated one year before its completion by the Government of the day?
20: Among other functions, which one of the following is the task of the Planning Commission of India?
- Preparation of the Five Year Plan
- Implementation of the Five Year Plan
- Financing the Five Year Plan
- Both (a) & (b)