Indian Economy and Issues Relating to Planning UPSC Questions

Indian Economy and Issues Relating to Planning MCQ Questions

1.
Before the advent of the British rule, what was the main source of livelihood for most people in India?
A.
Textile
B.
Agriculture
C.
Industry
D.
Production
ANSWER :
B. Agriculture
2.
In exceptional years of wars and other such situations, India has also opted for annual plans, also known as _____, a break from the five-year plans.
A.
Plan break
B.
Plan gap
C.
Plan holiday
D.
Plan block
ANSWER :
C. Plan holiday
3.
The sole purpose of the British colonial rule in India was to reduce the country to being a _____ supplier for Great Britain’s expanding modern industrial base.
A.
Raw material
B.
Food
C.
Finance
D.
Education
ANSWER :
A. Raw material
4.

Examine the following statements, and choose the option that suits the best.
Statement 1: The economic policies pursued by the colonial government in India were concerned more with the protection and promotion of the economic interests of their home country than with the development of the Indian economy.
Statement 2: Such policies brought about a fundamental change in the structure of the Indian economy — transforming the country into supplier of raw materials and consumer of finished industrial products from Britain.

A.

Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.

B.

Statement -1 is true, statement -2 is true;
statement -2 is NOT the correct explanation for statement -1.

C.

Statement -1 is true;
statement -2 is false.

D.

Statement -1 is false;
statement -2 is true.

ANSWER :

A. Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.

5.
The responsibility of planning in India vests with the _____, which is not a statutory body
A.
National Development Council
B.
Election Commission
C.
Planning Commission
D.
Finance Commission
ANSWER :
C. Planning Commission
6.
The plans formulated by the Planning Commission and are approved by
A.
State Council
B.
Law Commission
C.
Finance Commission
D.
National Development Council
ANSWER :
D. National Development Council