Indian Economy Questions Answers

• 15. The concept of Economic Planning in India is derived from ?

  1. USA
  2. UK
  3. Australia
  4. Russia

  Answer And Explanation

  Answer: Option D

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• 16. First five year plan in India was from

  1. 1947 - 1952
  2. 1949 - 1954
  3. 1950 - 1955
  4. 1951 - 1956

  Answer And Explanation

  Answer: Option D

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• 17. First five year plan was based on ?

  1. Herold -Domar Model
  2. P.C. Mahalanobis Model
  3. Both of above
  4. None of above

  Answer And Explanation

  Answer: Option A

  Explanation:

  Second five year plan (1956-1961) was based on P.C. Mahalanobis Model.

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• 18. Which five year plan is also known as "Gadgil Yojana" ?

  1. Second Five Year Plan
  2. Third Five Year Plan
  3. Fourth Five Year Plan
  4. Fifth Five Year Plan

  Answer And Explanation

  Answer: Option C

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• 19. Which five year plan focused on "Growth with social justice and equity".

  1. Ninth Five Year Plan
  2. Eight Five Year Plan
  3. Seventh Five Year Plan
  4. Sixth Five Year Plan

  Answer And Explanation

  Answer: Option A

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• 20. Planning Commission was constituted on ?

  1. 15 March, 1948
  2. 15 March, 1949
  3. 15 March, 1950
  4. 15 March, 1951

  Answer And Explanation

  Answer: Option C

  Explanation:

  The Prime Minister is the ex-officio Chairman of this Commission.

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• 21. National Development Council was constituted on

  1. 2 August, 1952
  2. 6 August, 1952
  3. 8 August, 1952
  4. 12 August, 1952

  Answer And Explanation

  Answer: Option B

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