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Important Questions On Economics

1. National Development Council was set up in ? 1952
2. Economic Planning is a subject: in the Union List
3. For internal financing of Five Year Plans, the government depends on: taxation only
4. The National Development Council gets its administrative support from:Planning Commission
5. The Five Year Plans of India intend to develop the country industrially through: the public, private, joint and Cooperative sectors
6. The Planning Commission is : an Advisory body
7. The principal reason why national economic planning is still being pursued inspite of embracing a market economy since 1991 is that: Five Year Plans can continue to provide a long-term perspective to the economy in
market friendly fashions
8. 'Take off stage' in an economy means: steady growth begins
9. Planning in India derives its objectives from: Directive Principles of State policy
10. 70% of working population of India is engaged in: primary sector
11. Economic survey is published by : Ministry of Finance
12. Who is called the 'Father of Economics' ? Adam Smith
13. The concept of Five Year Plans in India was introduced by : Jawaharlal Nehru
14. India has: Mixed economy
15. India opted for 'Mixed Economy' in : Industrial Policy of 1948
16. Mixed economy means an economy where : there is co-existence of public sector along with private sector
17. India's economic planning CANNOT be said to be : imperative
18. The deputy chairman of the Planning Commission: holds the rank of a cabinet minister
19. Who was the first Deputy Chairman of Planning Commission of India? Shri V.T.Krishnamachari
20. In India, the Public Sector is most dominant in : commercial banking
21. The first attempt to initiate economic planning in India was made by: M. Visvesvaraya
22. The decentralisation system was recommended by : Balwant Rai Mehta
23. The main objective of First Five-year Plan was: development of agriculture including irrigation and power projects
24. India had a plan holiday: after the drought of 1966
25. Rolling plan was designed for the period: 1978-83
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