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Test: Indian Economy - 1


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10 Questions MCQ Test Indian Economy for UPSC CSE | Test: Indian Economy - 1

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Test: Indian Economy - 1 - Question 1

It is a conscious design to shape the socio-economic processes in order to achieve an objective

Detailed Solution for Test: Indian Economy - 1 - Question 1

An economy primarily based on central planning is referred to as a planned economy. In a centrally planned economy the allocation of resources is determined by a comprehensive plan of production which specifies output requirements. Planning may also take the form of directive planning or indicative planning.

Test: Indian Economy - 1 - Question 2

Which among the following is NOT a subsidiary of RBI? 

Detailed Solution for Test: Indian Economy - 1 - Question 2

RBI has four subsidiaries viz. Deposit Insurance and Credit Guarantee Corporation, DICGC; National Housing Bank; Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) and NABARD.

Test: Indian Economy - 1 - Question 3

Who is the ex-officio chairman of the planning commission

Detailed Solution for Test: Indian Economy - 1 - Question 3

Ex-officio means the person is member of some body by the virtue of holding some post. A formal model of planning was adopted, and accordingly the Planning Commission, reports directly to the Prime Minister of India.
Hence, the Prime Minister is the ex-officio chairman of the planning commission.

Test: Indian Economy - 1 - Question 4

First time the objective of self-reliance was incorporated in the ____ Five year plan

Detailed Solution for Test: Indian Economy - 1 - Question 4

The Third Five-year Plan stressed agriculture and improvement in the production of wheat, but the brief Sino-Indian War of 1962 exposed weaknesses in the economy and shifted the focus towards the defence industry and the Indian Army. In 1965–1966, India fought a War with Pakistan.

Test: Indian Economy - 1 - Question 5

The new agricultural strategy was adopted in India during the

Detailed Solution for Test: Indian Economy - 1 - Question 5

The Third Five-year Plan stressed agriculture and improvement in the production of wheat, but the brief Sino-Indian War of 1962 exposed weaknesses in the economy and shifted the focus towards the defence industry and the Indian Army. In 1965–1966, India fought a War with Pakistan.

Test: Indian Economy - 1 - Question 6

All the state government imposed land ceiling in 1960 except

Detailed Solution for Test: Indian Economy - 1 - Question 6

All the state government-imposed land ceiling in 1960 except North-Eastern states.

Test: Indian Economy - 1 - Question 7

The fertility rate changed from ____ to 4.5 duing 1971-81.

Detailed Solution for Test: Indian Economy - 1 - Question 7

The total fertility rate (TFR) has declined from 5.2 to 4.5 during 1971 to 1981

Test: Indian Economy - 1 - Question 8

In which year India adopted HYVP

Detailed Solution for Test: Indian Economy - 1 - Question 8

The High Yielding Variety Programme (HYVP) was launched in the Kharif of 1966-67 with an objective to attain self-sufficiency in food by 1970-71. The core philosophy of the programme was to increase the productivity of food grains by adopting latest varieties of inputs of crops.

Test: Indian Economy - 1 - Question 9

Initially HYVP was implemented in about

Detailed Solution for Test: Indian Economy - 1 - Question 9

HIGH YIELDING VARIETY PROGRAMME (HYVP) was launched in 1966, which helped the country in attaining self-sufficiency in food. This programme helped ‘Green revolution in India, by combining the application of high analysis and balanced fertilizer, irrigation, plant protection, improved implements etc. Initially it was implemented in about 1.89 million hectares area.

Test: Indian Economy - 1 - Question 10

Which among the following is NOT a subsidiary of RBI?

Detailed Solution for Test: Indian Economy - 1 - Question 10

RBI has four subsidiaries viz. Deposit Insurance and Credit Guarantee Corporation, DICGC; National Housing Bank; Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) and NABARD.

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