Indian Economy and Issues Relating to Planning UPSC Questions

Economics

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
😑 View Answer Rough Work Error
ANSWER :
B. Agriculture
2.
Economic growth is usually coupled with
UPSC - 2011
A.
 Deflation 
B.
Inflation
C.
Stagflation
D.
Hyperinflation
😑 View Answer Rough Work Error
ANSWER :
B. Inflation
3.
In the context of Indian economy, consider the following statements:
1. The growth rate of GDP has steadily increased in the last five years.
2. The growth rate in per capita income has steadily increased in the last five years.
Which of the statements given above is/are correct?
UPSC - 2011
A.
1 only
B.
2 only
C.
Both 1 and 2
D.
Neither 1 nor 2
😑 View Answer Rough Work Error
ANSWER :
D. Neither 1 nor 2
4.
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
😑 View Answer Rough Work Error
ANSWER :
C. Plan holiday
5.
A "closed economy "is an economy in which….....
UPSC - 2011
A.
The money supply is fully controlled.
B.
Deficit financing takes place.
C.
Only exports take place.
D.
Neither exports nor imports take place.
😑 View Answer Rough Work Error
ANSWER :
D. Neither exports nor imports take place.
6.
India is regarded as a country with "Demographic Dividend".This is due to
UPSC - 2011
A.
Its high population in the age group below 15 years.
B.
Its high population in the age group of 15-64 years.
C.
Its high population in the age group above 65 years.
D.
Its high total population.
😑 View Answer Rough Work Error
ANSWER :
B. Its high population in the age group of 15-64 years.