Economics Questions and Answers 

1.In India, planned economy is based on:
 A. Gandhian system
 B. Socialist system
 C. Capitalist system
 D. Mixed economy system
 
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2.In India, agriculture income is calculated by:
 A. output method
 B. input method
 C. expenditure method
 D. commodity flow method
 
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3.Who coined the term ‘Hindu rate of growth’ for Indian economy?
 A. A.K. Sen
 B. Kirit S. Parich
 C. Raj Krishna
 D. Montek Singh Ahluwalia
 
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4.The Indian economy is characterized by:
 A. pre-dominance of agriculture
 B. low per capital income
 C. massive unemployment
 D. all of the above
 
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5.The slogan of ‘poverty abolition’ was given in which Five Year Plan?
 A. Second plan
 B. Fourth plan
 C. Fifth plan
 D. Sixth plan
 
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6.Who was the author of the book ‘Planned Economy for India’?
 A. Vishveswaraiyya
 B. J.L. Nehru
 C. P.C. Mahalnobis
 D. None of these
 
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7.The government introduced an agricultural strategy which gave rise to green revolution in India under the plan:
 A. Third Five Year Plan
 B. Fourth Five Year Plan
 C. Fifth Five Year Plan
 D. Sixth Five Year Plan
 
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8.Which one of the following was the first Chairman of Planning Commission of India?
 A. Dr. Rajendra Prasad
 B. Pt. Jawaharlal Nehru
 C. Sardar Vallabhbhai Patel
 D. J.B. Kriplani
 
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