Competitive Exams: Economics MCQs (Practice-Test 18 of 122)

  1. The percentage of land surface occupied by forests in India is about

    1. 20

    2. 10

    3. 30

    4. 35

  2. The Gross Domestic Savings of India (as per cent of GDP at current market prices) for the year 1996 − 97 was about

    1. 20

    2. 26

    3. 29

    4. 30

  3. Which one of the following indicates the average annual growth rate (per cent) of Gross Domestic Product of India during the period of the Eight five-year Plan?

    1. 6.8

    2. 7.5

    3. 7.8

    4. 7.2

  4. According to the Planning commission's estimates, the percentage of people below the poverty line in India in 1993 − 94 was

    1. 31

    2. 36

    3. 42

    4. 48

  5. According to estimates of the Planning Commission, the life expectancy of an Indian at birth in 1996 was.

    1. 52.4

    2. 55.4

    3. 62.4

    4. 68.4

  6. The principle of indicative planning was adopted for the first time in the

    1. Fifth Five-Year Plan

    2. Sixth five-year Plan

    3. Seventh five-Year Plan

    4. Eight five-Year Plan

  7. Which one of the following growth models was the basis of the planning strategy during the Second and Third Five-year Plans of India?

    1. harrod-Domar Growth Model

    2. The Mahalanobis Two-Sector Model

    3. Alon manne & Ashok Rudra's 30-sector Consistency Model

    4. Kaldor's Model of Growth

  8. Which one of the following causes accounts most for the enormous growth of central public expenditure during the last 20 years?

    1. rise in rate inflation

    2. Rise in salaries of Central Government employees

    3. interest payments on central loans

    4. Rise in defence expenditure

  9. Which one of the following was primary cause for the attainment of the foodgrains production target under the first Five year Plan in India?

    1. spurt in fertiliser consumption

    2. Good monsoons

    3. Creation of irrigation potential

    4. Community development projects

  10. The essence of the policy of liberlisations is its reliance on the market mechanism, yet the strategy of economic planning cannot be discarded because:

    1. the market mechanism cannot ensure equilibrium of demand and supply in the short-run which economic planning can

    2. in several socio-economic spheres the market is non existent.

    3. in several socio-economic spheres the market is not effective.

    Of these statements

    1. 1 and 2 are correct

    2. 2 and 3 are correct

    3. 1 and 3 are correct

    4. 1, 2 and 3 are correct

  11. The annual exponential growth rate of population (percent) in India over the period 1981 − 91 was

    1. barely keeping pace with the rate of increase in population.

    2. far below that of population growth

    3. much faster than the rate of population growth

    4. Stagant when compared to the growth of population

  12. The trends in agricultural production in India during the Plan era show that the rate of increase is

    1. barely keeping pace with the rate of increase in population

    2. far below that of population growth

    3. much faster than the rate of population growth

    4. stagnant when compared to the growth of population

  13. Which one of the following factors played the most crucial role in achieving a breakthrough in Indian agriculture since the mid-1960's?

    1. use of chemical fertilizers

    2. the High-Yielding Varieties Programme.

    3. Extension of irrigation facilities.

    4. Farm mechanization

  14. Which one of the following measures of land reforms, has by now, been almost fully implemented in India?

    1. Tenancy reform

    2. Ceiling on land holdings

    3. Abolition of intermediaries

    4. Consolidation of holdings

  15. Which one of the following pairs is correctly matched?

      • Regional Rural Banks
      • Sponsored by Commercial Banks
      • Lead Banks
      • Sponsored by the R. B. I.
      • NABARD
      • Sponsored by the World Bank
      • Apex Co-operative Bank
      • Sponsored by the Asian Development Bank