INDIAN ECONOMIC POLICY AND PLANNING - FEBRUARY 2020

F.Y B.COM

SEMESTER - 2

INDIAN ECONOMIC POLICY AND PLANNING

(IEPP)

MCQS - FEBRUARY 2020

1. One of the following is not the type of economic system

A. Communist economic system

B. Capitalist economic system

C. Socialist economic system

D. Nationalist economic system

2. Identify the following statements as true:

I. planning is a technique and means to attain pre-defined objectives.

II. Planning is made to answer crucial questions of production and allocation.

III. Planning is independent, autonomous and nobody is responsible for it.

IV. Planning is celebrate control by powerful monopolist in the market.

A. I, II, III, IV

B. I, II

C. I, II, IV

D. I, lII, IV

3. During the first three decades of planning the rate of economic growth was less than ________%

A. 7

B. 6 

C. 5

D. 4

4. Import substitution and production of import goods in the country will promote ________.

A. Reduction in surplus

B. Equality of distribution

C. Optimum use of scarce resources

D. Self-reliance and economic growth

5. India became self-sufficient in the food grains production in the beginning of _______ plan.

A. Third five year plan 66 plan 

B. First five year plan 51-56

C. Sixth five year plan 16-I

D. Fifth five year plan 7-76

6. One of the following is not the objective of economic planning.

A. Social justice

B. Reduction of employment

C. Elimination of poverty 

D. Economic growth and monetization

7. The concept of disguised unemployment is opposite to

A. Sinful employment 

B. Purposeful employment 

C. Gainful employment 

D. Balanced unemployment

8. The Planning commission of India is replaced by

A. Jan Aayog 

B. National Institution for Transforming India 

C. Finance Commission of India 

D. Lok Pal

9. One of the following is not a prerequisite for the mixed economic system.

A. Direct and indirect control by public authority

B. Planning for private and public investment

C. Imposition of economic goals on the country

D. State intervention in the market

10. Which of the following statements are true regarding economic growth and economic development

I. Economic growth means more output and income; economic development means multi-dimensional progress.

II. Economic development requires technical and institutional arrangement; economic growth Requires sound economic structure.

IlI. Both economic development and economic growth widen choice of individuals.

A. l and II

B. Il and IlI

C. I and IlI

D. I, II and lll

11. Sustainable development means

A. Stop fertility of soil

B. Save animal and human resources

C. Conserve resources for future 

D. Reduce economic growth for future development

12. United Nations has created a new set of National Account for sustainability popularly known as

A. White GDP account 

B. Blue GDP account 

C. Red GDP account 

D. Green GDP account

13. If general level price of commodities and services decrease

A. Real per capital income will increase but nominal per capital income will remain same

B. Real per capital income will decrease but nominal per capita income will rise

C. Both real and nominal per capital income will increase

D. Difference in composition of population

14. International comparison of per capital income is inaccurate due to

A. Non viability of methods to measure per capital income

B. Problem of conversion of one currency into another

C. Different standard of living among countries

D. Both real and nominal per capital income will decrease

15. In order to measure Human Development Index one of the following measures are not required

A. Life expectancy at birth

B. Average years of schooling

C. Rate of survival at age

D. Real GDP per capital

16. Mach the following statements

a. High yielding variety of seeds	1. Seven districts
b. Intensive area development programme	2. Weakness of Green Revolution
c. Release of National Agriculture Policy Document	3. Features of Green Revolution
d. Undesirable social consequences	4. Second Green Revolution

A. (a-II), (b-I), (c-IV), (d-II)

B. (a-II), (b-I), (c-IV), (d-I)

C. (a-II), (b-III), (c-IV), (d-I)

D. (a-IV), (b-III), (c- II), (d-I)

17. One of the following is not a type of disaster

A. Afforestation

B. Tsurumi

C. Earth quake

D. Typhoon and Hurricane

18. Modem disaster management cannot be approached through

A. Mitigation 

B. Litigation

C. Readiness 

D. Response and recovery

19. One of the following is not a non-institutional source of rural credit

A. Money lenders 

B. Wealthy traders 

C. Cooperatives 

D. Land lords and commission agents

20. Following statements are true regarding the features of Co-operative society:

I. Co-operative credit societies are movement sponsored and run on no profit no loss basis.

Il. Co-operative constitutes only a small portion of total borrowing by the farmers.

Ill. Most of the co-operative societies are financially weak and overdoes are increasing.

A. only I and II 

B. I, Il and lII

C. only I and Ill 

D. only II and III

21. In order to mitigate rural indebtedness, the government should not ______

A. Reduce dependence on money lenders

B. Go for settlement of old debts

C. Reduce the scope and areas of borrowing by Non-Bank Financial Institutions

D. Give substantial assistance to farmers

22. Blue revolution is a concept related to

A. Growth of horticulture

B. Growth of food crops

C. Growth of aquaculture and marine resources

D. Growth of oil seed

23. Primary Agriculture Credit Societies are normally located in ________

A. Large towns 

B. Cosmopolitan cities

C. Small towns

D. Villages

24. The term Marginal Farmers' means

A. Farmers having small plot of land

B. Farmers on the brink of rivers

C. Farmers who are located in urban arcs

D. Farmers who are very rich

25. In order to mitigate the debt burdens of the farmers, the government should ________

A Give subsidies to the farmer's

B. Reduce interest rates 

C. Wave off the loans

D. All of the above

26. One of the following is not a government scheme

A. Pradhan Mantri Fasal Bima Yojana 

B. Paramparagat Krishi Vikas Yojana

C. Soil Health Card Scheme

D. Pradhan Mantri Bonomi Sadhu Sam gam

27. MSP in the context of the agriculture means

A. Maximum Support Price

B. Minimum Support Price

C. Maximum Support Price

D. Men Support Price

28. Full form of APL is

A. Adjusted Poverty Line 

B. above Poverty Line 

C. Amicable Poverty Line 

D. Anti-Poverty Line

29. Public Distribution System does not _______

A. Protect rich people to purchase goods B. Protect low income groups

C. Cause equal distribution of income

D. Regulate essential prices

30. One of the following item is not included in MSP

A. Wheat

B. Lentil 

C. Virginia Flu Cured Tobacco

D. Sugar

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