Indian Economy and Issues Relating to Planning UPSC Questions

Economics

Indian Economy and Issues Relating to Planning MCQ Questions


7.
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
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ANSWER :
A. Raw material
8.
To obtain full benefits of demographic divided, what should India do?
UPSC - 2013
A.
Promoting skill development
B.
Introducing more social security schemes
C.
Reducing infant mortality rate
D.
Privatization of higher education
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ANSWER :
A. Promoting skill development
9.
The national income of a country for a given period is equal to the
UPSC - 2013
A.
total value of goods and services produced by the nationals
B.
sum of total consumption and investment expenditure
C.
sum of personal income of all individuals
D.
money value of final goods and services produced
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ANSWER :
D. money value of final goods and services produced
10.
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.
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ANSWER :
A. Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.
11.
Economic growth in country X will necessarily have to occur if
UPSC - 2013
A.
there is technical progress in the world economy
B.
there is population growth in X
C.
there is capital formation in X
D.
the volume of trade grows in the world economy
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ANSWER :
C. there is capital formation in X
12.
The main objective of the 12th Five-Year Plan is
UPSC - 2014
A.
inclusive growth and poverty reduction
B.
inclusive and sustainable growth
C.
Sustainable and inclusive growth to reduce unemployment
D.
faster, sustainable and more inclusive growth
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ANSWER :
D. faster, sustainable and more inclusive growth