Competitive Guidance Indian Economy
1. Who among the following started the process of liberalization in India?
(A) Manmohan Singh
(B) A.B. Kumar
(C) Narendra Modi
(D) P. Chidambaram
2. Who had estimated National Income in India first?
(A) R.C.Dutt
(B) Dadabhai Naoroji
(C) D.R.Gadgil
(D) V.K.R.V.Rao
3. In the post -independence period, economic reforms were first introduced in India under?
(A) Janata Party Government (1977)
(B) Indira Gandhi Government (1980)
(C) Rajiv Gandhi Government (1985)
(D) P.V.NarasimhaRao Government (1991)
4. Which of the following regulates the working of share market in India?
(A) MRTP Act (B) SEBI
(C) BIFR (D) FERA
5. Which plan is also called 'Gadgil Yojana'?
(A) Third Five Year Plan (B) Fourth Five Year Plan
(C) Ninth Five Year Plan (D) Sixth Five Year Plan
6. What was the period of plan holidays?
(A) 1951 - 56 (B) 1966 - 69
(C) 1956 - 61 (D) 1961 - 66
7. Planning in India derives its objectives and social premises from which of the following?
(A) Fundamental Rights (B) Fundamental duties
(C) Public policy (D) Directive Principles of state policy
8. A rolling plan refers to a plan which?
(A) Does not change its targets every year
(B) Changes its allocations every year
(C) Changes its allocations and targets every year
(D) Changes only its targets
9. In which five year plan the main objective was the eradication of poverty?
(A) Fourth Five Year Plan (B) Fifth Five Year Plan
(C) Sixth Five Year Plan (D) Seventh Five Year Plan
10. The rolling plan for backward countries was suggested by?
(A) Gunnar Myrdal
(B) W.A.Lewis
(C) A. Samuelson
(D) R.Nurkse
11. Revenue system during Akbar's reign was in the hands of?
(A) Bairam khan
(B) Birbal
(C) Man singh
(D) TodarMal
12. During the Mughal rule, the copper coin was known as?
(A) Rupee (B) Dam
(C) Tanka (D) Shamsi
13. What is 'Jaribana'?
(A) Levy on land
(B) Fee for land measurement
(C) Fees of land revenue collecting officer
(D) None of these
14. Which Mughal ruler introduced the system of giving monthly salary to Munsiffs?
(A) Akbar (B) Shah Alam
(C) Farrukh (D) Shah Jahan
15. Who abolished the tax imposed on marriages?
(A) Sri Krishna devaraya
(B) Devaraya - I
(C) Devaraya - II
(D) None of these
16. The first Chairman of disinvestment commission was?
(A) G.V. Ramakrishna
(B) Madhu Dandavate
(C) C.Rangarajan
(D) Indira Gandhi
17. The apex body for formulating plans and coordinating research work in agriculture and allied fields is?
(A) Indian council of Agricultural Research
(B) Regional rural banks
(C) State Trading Corporation
(D) NABARD
18. What is the main objective of 12th Five Year Plan?
(A) Growth with social justice (B) Development of Human
Resources
(C) Poverty Alleviation
(D) Faster, Sustainable and more inclusive growth
19. The central banking functions in India are performed by the?
(A) Central Bank
(B) State Bank of India
(C) Reserve Bank of India (D) both A and B
20. Which bank was earlier called the "Imperial Bank of India"?
(A) RBI (B) SBI
(C) UBI (D) PNB
KEY
1) A 2) B 3) D 4) B
5) A 6) B 7) D 8) C
9) B 10) A 11) D 12) B
13) B 14) D 15) A 16) A
17) A 18) D 19) C 20) B
