F.Y B.COM
SEMESTER - 2
MID SEMESTER EXAMINATION
INDIAN ECONOMIC POLICY & PLANNING (IEPP)
90 MCQS
(1) The term ‘Sustainable Development’ was first used by the World Conservation Strategy in the year
(A) 1980
(B) 1994
(C) 1987
(D) 1990
(2) Human Development Index is a composite index of
(A) Life Expectancy
(B) Education and a Decent Standard of Living
(C) Only (B) is correct
(D) Both (A) and (B) are correct
(3) Under Physical Planning, the resources are allocated in terms of
(A) Men, materials and machinery
(B) Money
(C) Finance is the main key to economic development
(D) None of the above
(4) Which of the following programmes were introduced under the NITI
Aayog?
(A) Centrally Sponsored Scheme (CSS)
(B) Skill Development
(C) Swachh Bharat Mission
(D) All the above three
(5) Which one of the following is the fifth goal of the 17 Sustainable Development Goals?
(A) Gender Equality
(B) Zero Hunger
(C) Quality Education
(D) Clean Water and Sanitation
(6) A variety of Structural and Institutional changes in the framework of
economic activity refers to:
(A) Modernization
(B) Social Justice
(C) Economic Growth
(D) None of the Above
(7) How many indicators are used to calculate MPI?
(A) 3
(B) 4
(C) 6
(D) 10
(8) Income index indicators are_______ and_______
(A) Real National Income and Gross National product
(B) Real per capita income and Human development index
(C) Real National income and Real Per capital income
(D) Human poverty index and Real per capita income
(9) The concept of HDI was popularized by
(A) Morris D Morris
(B) Adam Smith
(C) Keynes
(D) Mahbub Ul Haq
(10) Longevity is a proxy for_______ in the Human Development Index
(A) Health and Nutrition
(B) Living standard
(C) Infant mortality
(D) Purchasing Power Parity
(11) The New HDI is the_______ of the three dimensional indices.
(A) Average
(B) Geometric mean
(C) Mean
(D) Ratio
(12) The Prime Minister Narendra Modi, in January 2015, reformulated the Planning Commission of India as
(A) National Planning Committee
(B) National Institute for Transforming India
(C) National Sample Survey Organization
(D) None of the above
(13) Which of following is not a component of MPI?
(A) Health
(B) Education
(C) Occupation
(D) Standard of living
(14) Reduction in dependence on foreign aid, reduction in imports implies_______?
(A) Import Substitution
(B) Exports Promotion
(C) Self Dependence
(D) Self Reliance
(15) _______development addresses both inter and intra generation equalities.
(A) Sustainable Development
(B) Holistic
(C) Economic
(D) Equitable
(16) National Seeds Corporation of India was created in the year of _______?
(A) 1965
(B) 1963
(C) 1969
(D) 1970
(17) Which of the following states benefitted the most in Green Revolution?
(A) Eastern States
(B) Western States
(C) Northern States
(D) Southern States
(18) What is the role of National Crop Forecasting Center (NCFC)?
(A) Production Forecast
(B) Development of HYV seeds
(C) Agriculture Research
(D) Food storage
(19) Which one of the following is NOT an outcome of the Green Revolution
(A) It increases Agricultural Production
(B) It leads to increase in income and employment
(C) It reduces the gap between rich farmers and poor farmers
(D) It is confined to a few States only
(20) Deforestation generally decreases
(A) Global Warming
(B) Drought
(C) Soil erosion
(D) Rainfall
(21) Capital intensive techniques of the new agricultural strategy are supposed to be also at the same time_______
(A) Labour Intensive
(B) Capital Intensive
(C) Technical Intensive
(D) None of above
(22) ATMA stands for
(A) Agriculture Technology Management Association
(B) Agriculture Transport Management Association
(C) Agriculture Technology Management Agencies
(D) Agriculture Transport Management Agencies
(23) Under the e-Choupal agricultural marketing ITC-trained local farmer
is called
(A) Sanchalak
(B) Agricultural Technology Management Agencies
(C) Samyojak
(D) Macro Management of Agriculture
(24) Which of the following agency is established by Government to save
Tribals from exploitation by private traders
(A) TRIFED
(B) NAFED
(C) E-Choupal
(D) MMA
(25) The National Bank for Agriculture and Rural Development (NABARD) was established in the year_______ and is located in_______?
(A) 1970, Lucknow
(B) 1975, Hyderabad
(C) 1980, New Delhi
(D) 1982, Mumbai
(26) According to Planning Commission, Medium Irrigation Schemes is defined as
(A) Those with cultivable command areas of more than 10,000 hectares
(B) Those with cultivable command areas between 2000 and 10,000 hectares
(C) Those with cultivable command area up to 2000 hectares
(D) None of the above
(27) The Accelerated Pulses Production Programme was initiated
in_______ .
(A) 2010
(B) 2011
(C) 2012
(D) 2014
(28) The need for Second Green Revolution is due to increase in income
and health awareness among the people and it includes
(A) Dry land farming technology
(B) To cover horticultural products
(C) To include animal husbandry
(D) All the above
(29) MANAGE is located in_______.
(A) Banglore
(B) Telangana
(C) Hyderabad
(D) Amrapur
(30) National Food Security Mission (NFSM), launched in 2007, aims at
additional production of
(A) Rice, Cereals, Pulses
(B) Wheat, Cereals, Pulses
(C) Rice, Wheat, Pulses
(D) Rice, Cereals, Wheat
(31) The Planning Commission of India was set up in the year...
(A) 1949
(B) 1947
(C) 1948
(D) 1950
(32) One of the following is not covered under Disaster Management.
(A) Earthquake, Tsunami and Landslide
(B) Food Security and Manpower
(C) Super Cyclones
(D) Flood and Draught
(33) Farmers' indebtedness can be mitigated through
(A) Increase in collaterals
(B) Provision of more new loans
(C) Increase in informal credit
(D) Settlement & waiving of old loans
(34) The first reformation of HDI was related to ...
(A) Standard of Living
(B) Life Expectancy at Birth
(C) Literacy Rate
(D) Purchasing Power Parity Dollar
(35) During which five year plan, a new agricultural strategy was developed to usher first green revolution in India:
(A) Third Five Year Plan
(B) Fourth Five Year Plan
(C) Second Five Year Plan
(D) Fifth Five Year Plan
(36) Which of these are sources of institutional credit?
I. Regional Rural Banks
II. Traders
III. Co operative banks
IV. Money Lenders
V. Primary Agricultural Credit Societies
(A) I, II, III, IV, V
(B) I, II, III, IV
(C) I, II, V
(D) I, II, IV, V
(37) Which feature is associated with Physical Planning?
(A) Taxation & subsidies
(B) Factor allocation & product yields
(C) Financial resources
(D) Financial goals
(38) Human Poverty Index is basically a _______ index
(A) Simple Composite Index
(B) Composite Deprivation Index
(C) Direct & Composite Index
(D) Geometric mean Index
(39) In the formation of HDI, following factors are considered
(A) Wealth, Education & Standard of Living
(B) Death Rate, Dropout Rate and Standard of Living
(C) Mortality Rate, Literacy Rate & Standard of Living
(D) Health, Education and Standard of Living
(40) Match the tools of financial planning with the objectives:
a. A fixed outlay | I. Mobilization of resources. |
b. Foreign payments & receipts | II. Growth of income & output. |
c. Taxation & savings | III. External balance. |
d. Public & private investment | IV. Scarcity of resources. |
(A) (a-III) (b-IV) (c-I) (d-II)
(B) (a-III) (b-I) (c-II) (d-IV)
(C) (a-IV) (b-III) (c-I) (d-II)
(D) (a-II) (b-I) (c-IV) (d-III)
(41) Identify one of the following terms not associated with limitation of Physical Planning of a developing country like India.
(A) Unbalanced segments of economy
(B) Shortage of supply of output
(C) Availability of adequate manpower
(D) Lack of statistical data and information
(42) Blue Revolution refers to
(A) Increase in fish production
(B) Increase in milk production
(C) Increase in animal production
(D) Increase in vegetable production
(43) Identify the limitation of green revolution from following statements:
I. It widened the disparity in income and wealth
II. It neglected institutional reforms in agriculture
III. It increased production of food & non food crops
IV. It increased unemployment through mechanisation in rural area
V. It was not widespread across the country
(A) I, I, III, IV, V
(B) I, I, III, V
(C) I, I, IV, V
(D) I, II, III, IV
(44) Comprehensive Disaster Management is based upon:
(A) Rejuvenation, Recollection, Mitigation, Preparation
(B) Recollection, Mitigation, Preparation, Response
(C) Mitigation, Preparation, Response, Recovery
(D) Mitigation, Preparation, Rejuvenation, Recollection
(45) Who adopted national planning for the first time in the world?
(A) Soviet Union
(B) Great Britain
(C) United States
(D) India
(46) Match statements given in two columns:
a. Formal Credit institution | I. Refinance. |
b. NABARD | II. Soil Health Card. |
c. Fertility of soil | II. Self Reliance in pulses & oil seeds. |
d. Second Green revolution | IV. Loan waver schemes. |
(A) (a-llI) (b-IV) (C-I) (d-II)
(B) (a-IV) (b-l) (C-II) (d-III)
(C) (a-IV) (b-lII) (C-II) d-I)
(D) (a-lll) (b-I) (C-II) (d-IV)
(47) Which of the following features of Economic Development can be associated with Schumpeter's definition:
I. It is a static concept
II. It is a discontinuous and spontaneous process
III. It alters the equilibrium position previously existing
IV. It is a gradual and steady change over a long period of time
(A) III, IV
(B) I, II, III
(C) II, III
(D) IV
(48) Match the following statements correctly:
a. Regulation of market | I. Abundance of labour force. |
b. Provision of gainful employment | II. Inadequately developed regions & sectors. |
c. Balanced sectorial growth | III. Imperfect knowledge. |
d. Poverty alleviation | IV. Per capita income. |
(A) (a-III) (b-IV) (C-I) (d-II)
(B) (a-l) (b-III) (c-II) (d-IV)
(C) (a-ll) (b-l) (C-IV) (d-III)
(D) (a-llI) (b-I) (c-II) (d-IV)
(49) Which of these is not an example of loan taken for short term?
(A) Loan for permanent land reforms
(B) Loan for agricultural marketing
(C) Purchase of HYV seeds
(D) Purchase of fertilizers
(50) The second green revolution attempted at ________
(A) Growth in only milk production
(B) Sustainable and aggressive agricultural growth
(C) Sustainable and comprehensiv
(D) Growth in only limited areas agricultural growth
(51) Who recommends Minimum Support Price to the Government of India?
(A) Agricultural Price and food Commission
(B) Agriculture Price Committee
(C) Agricultural Price Commission
(D) Commission for Agricultural Costs and Prices
(52) When the Government announces agricultural subsidy, it means
(A) The Government has eliminated middle men for direct marketing
(B) The Government gives financial support to reduce input expenditure and supplement farmers' income
(C) The Government intends a rise in food prices in the market
(D) The Government gives financial support to increase input expenditure
(53) Identify Cash crops out of following choices:
I. Sugarcane
II. Oil seeds
III. Cotton
IV. Cereals
V. Pulses
(A) I, II, IV, V
(B) I, II, III
(C) I, II, III, IV, V
(D) II, III, IV, V
(54) Sustainability with equity was the major objective of _______
(A) National Agriculture Population Document, 2000
(B) National Agricultural Planning Document 2000
(C) National Agricultural Planning & - Implementation Document, 2000
(D) National Agriculture Policy Document, 2000
(55) In how many districts the Intensive Area Development Programme was launched?
(A) Eight
(B) Five
(C) Seven
(D) Six
(56) MPI means Index
(A) Multi Purpose Index
(B) Multi Dimensional Poverty Index
(C)Multi Pronged Index
(D) Multi party index
(57) By nature, planning in a socialistic economic system is ______
(A) Inductive
(B) Deductive
(C) Imperative
(D) Conductive
(58) The first three decades of Planning in India witnessed less than percent of annual growth of GDP:
(A) 5%
(B) 2%
(C) 3%
(D) 4%
(59) Which of the following two statements are true:
I. Planning is essential for economic development
II. Planning is only a means to an end
(A) Statement I is true
(B) Both I & II are true
(C) Statement Il is true
(D) Neither I nor I is true
(60) Real National Income is measured through the valuation of goods & services at ______
(A) Constant Price
(B) Nominal price
(C) Market price
(D) Inflationary price
(61) The Multidimensional Poverty Index is a measure of poverty developed by the _______
(A) UNCTAD
(B) Work Bank
(C) Oxford Poverty and Human Development Initiative [OPHI] and the UNDP
(D) IMF
(62) Which one of the following is NOT an outcome of the Green Revolution?
(A) It increases agricultural production
(B) It reduces the gap between rich & poor farmers
(C) It leads to increase in income & employment
(D) It is confined to a few states only
(63) The value of new HDI is based on:
(A) Geometric value of only two indices
(B) Average mean of four indicators
(C) Average mean of three indices
(D) Geometric value of three indices
(64) Who was the chief architect of Green Revolulion that significantly improved the agricultural yield in the country?
(A) V.Kurien
(B) M.S. Swaminathan
(C) Jawaharlal Nehru
(D) Morarji desai
(65) In case of _______ there is shift from agriculture to industrial sector.
(A) Economic Development
(B) Economic Growth
(C) Green Revolution
(D) None of the above
(66) Crop rotation, multiple cropping, short duration crops are components of _______.
(A) Digital india
(B) Greater Intensity of cropping
(C) GDP
(D) None of the above
(67) FCI was established in the year _______.
(A) 1965
(B) 1970
(C) 1963
(D) 1960
(68) In financial planning the allocation of resources and measurement of resources is made in terms of:
(A) Machinery
(B) Building
(C) Saving
(D) Money
(69) Which of the following is NOT an objective of planning in India?
(A) Economic Growth
(B) Poverty Alleviation
(C) Employment Generation
(D) Heavy taxation
(70) The elimination of poverty as an objective of economic planning was mentioned in the _______ five year plan.
(A) Third
(B) Fifth
(C) Sixth
(D) Fourth
(71) Which crop had 10 million tons additional production target under National Food Security Mission?
(A) Jowar
(B) Rice
(C) Pulses
(D) Wheat
(72) The need for Second Green Revolution due to increase in income and health awareness among the people & it includes:
(A) To include animal husbandary
(B) Dry land farm technology
(C) To cover horticultural products
(D) all the above
(73) Which definilion of economic planning addresses the Central Economic Problems?
(A) Planning Commission of India
(B) Dr. Dalton
(C) HD. Dickinson
(D) None of the above
(74) The Green Revolution in India has contributed to:
(A) Intes- regional inequalily
(B) Inter crop inequality
(C) Inter-personal inequality
(D) All the above
(75) Mixed economy means an economy where _______
(A) Government makes all of the economic decisions
(B) There is co - existence of public sector along with private sector
(C) Co - existence of the rich and poor
(D) Both agriculture and Industry are equally prohibited by government
(76) Which crops require less water?
(A) Wheat
(B) Rice
(C) Pulses
(D) Cotton
(77) Harmful consequences of Green Revolution has been that it promoted
____.
(A) Labour inequalities
(B) Capital inequalities
(C) Technical inequalities
(D) Regional inequalities
(78) Economic growth is a _____________ process.
(A) Multidimensional
(B) Unidimensional
(C) Quasi-dimensional
(D) Two dimensional
(79) Farmers, NGOs & Stakeholders are active participants of which agency?
(A) Kisan Credit Card
(B) ATM
(C) ATMA
(D) AIR
(80) Which one of the following is the fifth goal of the 17 Sustainable Development Goals?
(A) Gender Equality
(B) Zero Hunger
(C) Quality Education
(D) Clean Water & Sanitation
(81) HDI was created by Mahbul-ul-Haq & __________.
(A) J. M. Kyenes
(B) Kaushik Basu
(C) Amartya Sen
(D) Adam Smith
(82) Economic Survey is published by ____________.
(A) Reserve Bank of India
(B) Planning Commission of India
(C) Ministry of Finance, Governement of India
D) Ministry of Industries, Government of India
(83) In the new HDI, the minimum life expectancy is reduced to:
(A) 20 years
(B) 40 years
(C) 25 years
(D) None
(84) _____ to provide agricultural information to the farming community
through toll free telephone lines.
(A) Kisan credit centre
(B) Kisan call centre
(C) Krishi call centre
(D) Farmer Media Support
(85) As per old HDI, there were two indices in Total Education Index. Which
of the following is /are correct?
I. Adult Literacy Index.
II. Gross Enrolment Index (GEI).
III. Expected Years of Schooling Index.
IV. Mean Year of Schooling Index.
(A) Both I & II
(B) Both I & IV
(C) Both II & IV
(D) Both II & III
(86) Which of the following is NOT characteristic of Green Revolution
(A) Multiple Cropping
(B) Stash and Burn
(C) Mechanized agriculture
(D) All of the Above
(87) Which type of correction between life expectancy and literacy rate shows improvement in PQLI & Economic Development.
(A) No Correlation
(B) Negative
(C) Positive
(D) Both
(88) With reference to HPI, consider the following statements:
I. It is used by the UNDP to measure Human Develppment.
II. It is a non-income measure
III. HPI-1 is related to OECD countries and HPI-2 is related to developing countries.
Which of the above given statements is / are correct?
(A) I and III only
(B) I only
(C) II and III only
(D) I and II only
(89) Which one of the following is NOT correct?
(A) Sustainable Development emphasizes on environmental protection
(B) Economic Growth is quantitative.
(C) Development means only increase in economic welfare.
(D) Both growth & development refer to changes over a period of time.
(90) The main objective of the twelfth five year plan is:
(A) Growth and poverty reduction
(B) Faster, more inclusive and sustainable growth
(C) Growth with social justice and equity
(D) Growth with stability & progressive achievement of self-reliance
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