Economics Quiz- 13 | My Online Pathshala

1. Under Indira Gandhi National Old Age Pension Scheme (lGNOAPS), the benefits are available to the people having minimum age of ____

(a) 50 years

(b) 55 years

(d) 60 years

Correct! Wrong!

Ans.:- (c)

2. Poverty in less developed countries is largely due to -

(a) voluntary idleness

(b) income inequality

(d) lack of intelligence of the people

Correct! Wrong!

Ans.:- (b)

3. Who is called the ‘Father of Economics’ ?

(a) Max Muller

(b) Karl Marx

(d) None of these

Correct! Wrong!

Ans.:- (c)

4. The concept of Five Year Plans in India was introduced by -

(a) Lord Mountbatten

(b) Jawaharlal Nehru

(d) Lal Bahadur Shastri

Correct! Wrong!

Ans.:- (b)

5. Mixed economy means an economy where -

(a) both agriculture and industry are equally promoted by the state

(b) there is co-existence of public sector along with private sector

(d) economy is controlled by military as well as civilian rulers

Correct! Wrong!

Ans.:- (b)

6. India's economic planning CANNOT be said to be:

(a) indicative

(b) imperative

(d) democratic

Correct! Wrong!

Ans.:- (b)

7. The basic feature of the Rolling Plans was that:

(a) no physical targets were visualized

(b) revision of the achievements, of previous year

(d) no financial target except in the term of annual plans was envisaged

Correct! Wrong!

Ans.:- (c)

8. The basic difference between imperative and indicative planning is that:

(a) it is easier to achieve targets in imperative type of planning

(b) in the case of imperative planning, all economic activities belong to public sector, while in the other type they belong to the private sector

(c) in the case of the imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in the case of indicative planning, it is looked upon as a way to improve the functioning of the market system

(d) in the case of indicative planning, there is no need to nationalise any industry

Correct! Wrong!

Ans.:- (c)

9. Which one of the following Five-Year Plans recognised human development as the core of all developmental efforts ?

(a) The Third Five-Year Plan

(b) The Fifth Five-Year Plan

(d) The Eighth Five-Year Plan

Correct! Wrong!

Ans.:- (d)

10. In which of the Five Year Plans, preference was given to the weaker sections of the society ?

(a) Second

(b) Third

(d) Fifth

Correct! Wrong!

Ans.:- (d)

Facebook Comments