Indian Economy - No Errors
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Indian Economy mostly all the errors are avoided
Questions and Answers
- 1.
The wants & Means of India - a paper presented by which of the personality
- A.
Gadgil DR
- B.
Gunar Myrdal
- C.
S Chakravarthy
- D.
DB Naoroji
Correct Answer
D. DB NaorojiExplanation
DB Naoroji is the correct answer for the paper "The wants & Means of India". DB Naoroji was an Indian political leader, scholar, and economist who played a significant role in the Indian independence movement. He was one of the earliest leaders to demand self-government for India and was known for his theories on poverty and economic exploitation in colonial India. Naoroji's paper "The wants & Means of India" is considered a seminal work in understanding the economic conditions and challenges faced by India during colonial rule.Rate this question:
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- 2.
Development Planning : Indian Experience a book written by
- A.
Gunnar Myrdal
- B.
S Chakravarthy
- C.
DB Naoroji
- D.
Gadgil
Correct Answer
B. S Chakravarthy -
- 3.
Which five year plan the goal as " food work & Productivity"
- A.
4th plan
- B.
5th plan
- C.
6th plan
- D.
7th plan
Correct Answer
B. 5th planExplanation
The correct answer is the 5th plan. The 5th Five Year Plan in India, which covered the period from 1974 to 1979, focused on improving food production and increasing productivity in the country. This plan aimed to achieve self-sufficiency in food production and reduce dependence on imports. It emphasized agricultural development, irrigation, rural development, and improving the productivity of industries. The 5th plan also aimed to address poverty, unemployment, and regional imbalances in development.Rate this question:
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- 4.
Which planned started the indicative planning?
- A.
8th plan
- B.
7th plan
- C.
9th plan
- D.
6th plan
Correct Answer
A. 8th planExplanation
The 8th plan is the correct answer because indicative planning was introduced during this plan. Indicative planning is a form of economic planning where the government sets broad goals and provides guidance to the private sector, allowing market forces to play a significant role in decision-making. This approach was adopted in the 8th plan to shift towards a more market-oriented economy and promote economic liberalization in India.Rate this question:
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- 5.
Gadgil report is considered to which area of planning in 1940
- A.
Industries
- B.
Banking
- C.
Rural Credit
- D.
Agriculture
Correct Answer
C. Rural CreditExplanation
The Gadgil report, which was published in 1940, is considered to be related to the area of Rural Credit. The report focused on the issues and challenges faced by the rural credit system in India, and proposed recommendations to improve the availability and accessibility of credit to rural areas. This report played a significant role in shaping policies and initiatives related to rural credit in the country.Rate this question:
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- 6.
Sarvodaya plan was formulated by
- A.
MN roy
- B.
Kumarappa
- C.
Sarakar NR
- D.
JP Narayan
Correct Answer
D. JP NarayanExplanation
The correct answer is JP Narayan. JP Narayan, also known as Jayaprakash Narayan, was an Indian independence activist and politician. He played a crucial role in the Sarvodaya movement, which aimed to uplift the socio-economic conditions of the marginalized sections of society. The Sarvodaya plan was formulated by JP Narayan as a comprehensive strategy to achieve social and economic equality through non-violent means. He emphasized the principles of decentralization, self-governance, and community participation in the plan. JP Narayan's dedication to social justice and his efforts in the Sarvodaya movement make him the correct answer for this question.Rate this question:
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- 7.
First deputy chairman of Planning commission
- A.
Nehru
- B.
Krishnamachari
- C.
Gulzari lal nanda
- D.
Valla bhai patel
Correct Answer
B. KrishnamachariExplanation
Krishnamachari is the correct answer because he served as the first deputy chairman of the Planning Commission. The Planning Commission was an institution in India responsible for formulating five-year plans and overseeing the country's economic development. Krishnamachari's appointment as the first deputy chairman highlights his significant role in shaping India's economic policies during that time.Rate this question:
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- 8.
First finance minister of Independent india
- A.
Krishnamachari
- B.
Gulzari lal nanda
- C.
Shanmu khan shetti
- D.
Valla bahai patel
Correct Answer
C. Shanmu khan shetti -
- 9.
1st five year plan was launched in 1951 when was it approved
- A.
1951
- B.
1952
- C.
1953
- D.
1954
Correct Answer
B. 1952Explanation
The 1st five year plan was launched in 1951, but it was approved in 1952. This means that although the plan was formulated and implemented in 1951, it required approval from the relevant authorities before it could officially begin.Rate this question:
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- 10.
Who finally approves the five year plan
- A.
NDC
- B.
President
- C.
Prime minister
- D.
Parliament
Correct Answer
D. ParliamentExplanation
The correct answer is Parliament. In a democratic system, the five year plan is typically approved by the legislative body, which is the Parliament. This is because the five year plan involves significant economic and social policies that impact the entire country, and it is important to have the approval of the elected representatives of the people. The NDC, President, and Prime Minister may play important roles in formulating and proposing the plan, but the final approval lies with the Parliament.Rate this question:
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- 11.
MP LADs programme was started in the year
- A.
1991
- B.
1992
- C.
1993
- D.
1994
Correct Answer
C. 1993Explanation
The MP LADs (Member of Parliament Local Area Development Scheme) programme was initiated in the year 1993. This scheme allows Members of Parliament to recommend development projects in their constituencies using funds allocated to them. Therefore, the correct answer is 1993.Rate this question:
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- 12.
Democratic socialism was vision of which famous personality
- A.
Gandhi
- B.
VB Patel
- C.
Nehru
- D.
JP Narayan
Correct Answer
C. NehruExplanation
Nehru is the correct answer because he was a prominent leader and the first Prime Minister of India. He played a crucial role in shaping the country's political and economic landscape. Nehru's vision for India included democratic socialism, which aimed to combine democratic principles with socialist ideals to achieve social justice and equality. He believed in the importance of state intervention in the economy to address poverty, inequality, and promote development. Nehru's policies and ideology had a significant impact on India's socio-economic framework, making him synonymous with the vision of democratic socialism.Rate this question:
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- 13.
Which country didnt affect by the economic fall in 1929
- A.
Russia
- B.
America
- C.
India
- D.
Japan
Correct Answer
A. RussiaExplanation
Russia is the correct answer because it did not experience the economic fall in 1929. This is because Russia was not integrated into the global economy at that time and had a largely closed and centralized economic system. Additionally, Russia was still recovering from the effects of the Russian Revolution and the subsequent civil war, which shielded it from the impact of the global economic crisis.Rate this question:
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- 14.
From which plan was the shift to Economic Planning
- A.
Third plan
- B.
Fourth plan
- C.
Fifth plan
- D.
Eighth plan
Correct Answer
B. Fourth planExplanation
The shift to Economic Planning occurred during the fourth plan. This plan, implemented in India from 1969 to 1974, aimed to achieve self-sufficiency in food production and reduce poverty through rapid industrialization. The fourth plan focused on the development of agriculture, infrastructure, and the establishment of heavy industries. It emphasized the need for economic planning to achieve balanced growth and address the socio-economic challenges faced by the country.Rate this question:
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- 15.
20 point programme was started in the year
- A.
1972
- B.
1965
- C.
1975
- D.
1985
Correct Answer
C. 1975Explanation
The correct answer is 1975. The 20 point programme was started in that year.Rate this question:
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- 16.
Which plan adpoted gandhian socialism
- A.
5th
- B.
8th
- C.
7th
- D.
6th
Correct Answer
D. 6thExplanation
The correct answer is 6th. The 6th Five Year Plan, also known as the "Gandhian Plan," adopted the principles of Gandhian socialism. This plan focused on rural development, poverty alleviation, and self-sufficiency through the promotion of small-scale industries, agricultural growth, and community participation. It aimed to address the socio-economic disparities in India and promote a more equitable and inclusive society, in line with Mahatma Gandhi's ideals.Rate this question:
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- 17.
Before the start of five year plans in india the food grains production in india was in Million Tonnes
- A.
20
- B.
31
- C.
51
- D.
61
Correct Answer
C. 51Explanation
Before the start of five year plans in India, the food grains production in India was 51 million tonnes. This indicates that India was able to produce a significant amount of food grains before the implementation of the five year plans.Rate this question:
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- 18.
10th plan completes on the date of
- A.
31st march 2007
- B.
31st march 2008
- C.
31st march 2009
- D.
31st march 2010
Correct Answer
A. 31st march 2007Explanation
The 10th plan completes on 31st March 2007 because plans in India typically run for a five-year period. The 10th plan started on 1st April 2002 and ended on 31st March 2007, making 31st March 2007 the correct completion date.Rate this question:
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- 19.
Only tin producing state
- A.
Madhya Pradesh
- B.
Andhra pradesh
- C.
Rajasthan
- D.
Orrisa
Correct Answer
A. Madhya PradeshExplanation
Madhya Pradesh is the only state among the options mentioned that is known for its tin production. Tin is an important mineral used in various industries, including electronics, packaging, and construction. Madhya Pradesh has several tin mines and is one of the leading producers of tin in India. Therefore, it is the correct answer to the question.Rate this question:
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- 20.
Oldest refinery in india
- A.
Bassein
- B.
Digboi
- C.
Aliabet
- D.
Noonamati
Correct Answer
B. DigboiExplanation
Digboi is the correct answer because it is the oldest refinery in India. It was established in 1901 and is located in the Tinsukia district of Assam. Digboi refinery played a significant role in the development of the Indian oil industry and has a rich history. It is known for its contribution to the production of crude oil, petroleum products, and natural gas.Rate this question:
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- 21.
Which state has highest growth rate for decade 1991-2001
- A.
Andhra pradesh
- B.
Bihar
- C.
Rajasthan
- D.
West bengal
Correct Answer
C. RajasthanExplanation
Rajasthan is the correct answer because it had the highest growth rate for the decade 1991-2001. This means that Rajasthan experienced the highest increase in economic, social, and demographic indicators during this period compared to the other states listed.Rate this question:
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- 22.
Which religion having lowest decadal growth rate for 91-01
- A.
Christians
- B.
Jain
- C.
Sikhs
- D.
Muslims
Correct Answer
C. SikhsExplanation
The correct answer is Sikhs. The decadal growth rate refers to the population growth rate over a period of ten years. In the given options, Sikhs have the lowest decadal growth rate for the period of 1991-2001. This means that the Sikh population had the slowest rate of increase compared to Christians, Jains, and Muslims during that time frame.Rate this question:
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- 23.
In which year was sex ratio was highest in india
- A.
1991
- B.
1981
- C.
1961
- D.
1951
Correct Answer
D. 1951Explanation
The sex ratio refers to the number of females per 1000 males in a population. The given answer suggests that the highest sex ratio in India was in the year 1951. This means that in 1951, there were more females than males in the country.Rate this question:
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- 24.
Which state has highest million plus cities?
- A.
West Bengal
- B.
Gujarat
- C.
Maharastra
- D.
Uttar Pradesh
Correct Answer
D. Uttar PradeshExplanation
Uttar Pradesh has the highest number of million plus cities compared to West Bengal, Gujarat, and Maharashtra. This indicates that Uttar Pradesh has a larger urban population and more developed cities.Rate this question:
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- 25.
Highest urbanisation is found in which state?
- A.
Maharastra
- B.
Tamil nadu
- C.
Goa
- D.
Punjab
Correct Answer
C. GoaExplanation
Goa has the highest urbanization among the given states. Urbanization refers to the proportion of a country or region's population living in urban areas. Goa, being a small state with a high population density, has a significant portion of its population residing in urban areas. This could be attributed to factors such as tourism, economic development, and better infrastructure in urban centers.Rate this question:
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Current Version
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Feb 19, 2024Quiz Edited by
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Nov 03, 2009Quiz Created by
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