Planning
1. Which of the following is the main objective of economic planning in India?
a) Industrial Development
b) Agricultural Development
c) Social and Economic Equality
d) Scientific Advancement
Answer: c) Social and Economic Equality
2. Economic planning in India is based on:
a) Capitalism
b) Socialism
c) Mixed Economy
d) Communism
Answer: c) Mixed Economy
3. The Planning Commission was replaced by which institution in India?
a) Finance Commission
b) NITI Aayog
c) Economic Advisory Council
d) Ministry of Finance
Answer: b) NITI Aayog
4. Which Five-Year Plan was discontinued before completion?
a) Third Plan
b) Fourth Plan
c) Fifth Plan
d) Sixth Plan
Answer: c) Fifth Plan
5. In which year was the First Five-Year Plan launched?
a) 1950
b) 1951
c) 1955
d) 1960
Answer: b) 1951
Unemployment
6. Unemployment caused by economic recession is called:
a) Structural Unemployment
b) Frictional Unemployment
c) Cyclical Unemployment
d) Seasonal Unemployment
Answer: c) Cyclical Unemployment
7. The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) provides employment for at least how many days per year?
a) 50
b) 100
c) 150
d) 200
Answer: b) 100
8. Which type of unemployment is most common in rural India?
a) Seasonal Unemployment
b) Cyclical Unemployment
c) Disguised Unemployment
d) Frictional Unemployment
Answer: c) Disguised Unemployment
9. Educated unemployment is more common in:
a) Urban areas
b) Rural areas
c) Agricultural sector
d) Manufacturing sector
Answer: a) Urban areas
Agricultural Development
10. The Green Revolution in India primarily focused on which crops?
a) Wheat and Rice
b) Pulses and Oilseeds
c) Cotton and Jute
d) Tea and Coffee
Answer: a) Wheat and Rice
11. Which of the following is a major objective of agricultural price policy in India?
a) Stabilizing Prices
b) Increasing Imports
c) Reducing Agricultural Growth
d) Controlling Inflation
Answer: a) Stabilizing Prices
12. Which institution announces the Minimum Support Price (MSP) for agricultural products in India?
a) NABARD
b) RBI
c) NITI Aayog
d) Commission for Agricultural Costs and Prices (CACP)
Answer: d) Commission for Agricultural Costs and Prices (CACP)
13. What is the primary source of irrigation in India?
a) Wells and Tube Wells
b) Canals
c) Tanks
d) Rainwater Harvesting
Answer: a) Wells and Tube Wells
14. Which agricultural scheme was launched to ensure food security for poor people in India?
a) National Food Security Mission
b) Pradhan Mantri Fasal Bima Yojana
c) Rashtriya Krishi Vikas Yojana
d) Kisan Credit Card Scheme
Answer: a) National Food Security Mission
Poverty
15. Poverty in India is measured using:
a) Income Levels
b) Caloric Intake
c) Human Development Index
d) All of the above
Answer: d) All of the above
16. Which committee defined the poverty line in India based on calorie consumption?
a) Tendulkar Committee
b) Lakdawala Committee
c) Rangarajan Committee
d) Gadgil Committee
Answer: b) Lakdawala Committee
17. The concept of Below Poverty Line (BPL) is determined by:
a) State Governments
b) Central Government
c) NITI Aayog
d) Finance Commission
Answer: b) Central Government
18. Which of the following programs was launched for urban poverty alleviation?
a) PMGSY
b) SJSRY
c) NRLM
d) ICDS
Answer: b) SJSRY
19. The term ‘Absolute Poverty’ refers to:
a) Relative income disparity
b) Minimum subsistence level of living
c) Temporary unemployment
d) Economic inequality
Answer: b) Minimum subsistence level of living
20. The Antyodaya Anna Yojana (AAY) aims to help:
a) Industrialists
b) Farmers
c) Poorest of the poor
d) Government employees
Answer: c) Poorest of the poor
21. The term ‘Poverty Trap’ refers to:
a) A situation where people cannot escape poverty due to low income and savings
b) A government scheme for poor people
c) A method of taxation
d) Economic reforms
Answer: a) A situation where people cannot escape poverty due to low income and savings
22. Which of the following is NOT a cause of poverty in India?
a) High Population Growth
b) Low Productivity in Agriculture
c) High Industrialization
d) Inequality in Wealth Distribution
Answer: c) High Industrialization
23. Which program was launched to provide self-employment to rural poor?
a) PMEGP
b) NREGA
c) SGSY
d) IAY
Answer: c) SGSY
24. Which sector contributes the most to employment in India?
a) Agriculture
b) Manufacturing
c) Services
d) Mining
Answer: a) Agriculture
25. Which organization publishes the Human Development Index (HDI)?
a) World Bank
b) United Nations Development Programme (UNDP)
c) IMF
d) WTO
Answer: b) United Nations Development Programme (UNDP)
26. Which state in India had the highest poverty rate as per recent estimates?
a) Bihar
b) Uttar Pradesh
c) Odisha
d) Jharkhand
Answer: a) Bihar
27. The Economic Survey in India is published by:
a) RBI
b) Ministry of Finance
c) Planning Commission
d) SEBI
Answer: b) Ministry of Finance