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  • RIMC General Knowledge Question Paper -04

    51. Who is called the father of Economics ?
              a) max Muller
              b) Karl Marx
              c) Adam Smith
              d) None of these
    
     52. The concept of Five year plans in India was introduced by
              a) Lord Mountbatten
              b) Jawaharlal Nehru
              c) Indira Gandhi
              d) Lal Bahadur Shastri
    
     53. India has
              a) Socialistic economy
              b) Gandhian Economy
              c) Mixed Economy
              d) Free economy
    
     54. 'Mixed Economy' means
              a) co-existence of small scale and large scale industries
              b) co-existence of the rich and the poor
              c) co-existence of private and public sector
              d) assigning equal importance to both agriculture and heavy industries
    
     55. India's economic planning cannot be said to be
              a) indicative
              b) imperative
              c) limited
              d) democratic
    
     56. National Development Council was set up in
              a) 1948
              b) 1950
              c) 1951
              d) 1952
    
     57. Economic Planning is a subject
              a) in the Union List
              b) in the State List
              c) in the Concurrent List
              d) unspecified in any special list
    
     58. Dadabhai Naoroji theorised on the drain of wealth from India in his book
              a) Poverty under British rule in India
              b) Poverty in British rule in India
              c) Poverty and Un-British rule in India
              d) Poverty of economic drain in British India
    
     59. Who is the Deputy Chairman of the Planning commission ?
              a) Prime Minister
              b) Finance Minister
              c) Commerce Minister
              d) None of these
    
     60. The deputy chairman of the planning commission
              a) is the Prime Minister
              b) is the Planning Minister
              c) holds the rank of a cabinet minister
              d) is an economist of repute
    
     61. Who was the first Deputy Chairman of Planning commision of India ?
              a) Shri Jawaharlal Nehru
              b) Dr Rajendra Prasad
              c) Shri VT Krishnamachari
              d) Shri C Rajagopalachari
    
     62. The main objective of first five year plan was
              a) industrial growth
              b) economic growth
              c) development of agriculture including irrigation and power projects
              d) self-reliance
    
     63. India had a plan holiday
              a) after the India-China war of 1962
              b) after the drought of 1966
              c) after the liberation of Bangladesh in 1971
              d) after the India Pakistan war in 1965
    
     64. During which plan did the prices show a decline ?
              a) First
              b) Third
              c) Fifth
              d) None
    
     65. Rolling plan was designed for the period
              a) 1978-83
              b) 1980-85
              c) 1985-90
              d) 1974-97
    
     66. The second Five year plan laid more stress upon
              a) agriculture
              b) industrialisation
              c) removing property
              d) self-reliance
    
     67. The steel plants at Durgapur, Bhilai and Rourkela were
    established during the period of
              a) First Five Year Plan
              b) Second Five Year Plan
              c) Third Five Year Plan
              d) Fourth Five Year Plan
    
     68. For credit disbursement the 'Slack Season' in Indian economy is
              a) March-April
              b) Sept-Dec
              c) Jan-June
              d) Feb-April
    
     69. What is the main objective of Antyodaya programme ?
              a) Uplift the poor
              b) Uplift the urban poor
              c) Uplift the farmer
              d) Uplift the landless labour
    
     70. Approximately what percent of Indian population is living below
    the poverty line ?
              a) 18
              b) 26
              c) 29
              d) 31
    
     71. What is the minimum calorie intake decided by the Planning
    commission for Rural and Urban areas respectively ?
              a) 2400 and 2100
              b) 2100 and 2400
              c) 2400 and 2200
              d) 2100 and 2200
    
     72. The cause of inflation is
              a) increase in money supply
              b) fall in production
              c) increase in money supply and fall in production
              d) decrease in production and fall in production
    
     73. Inflation implies
              a) rise in budget deficit
              b) rise in money supply
              c) rise in general price index
              d) rise in prices of consumer goods
    
     74. An essential attribute of inflation is
              a) fall in production
              b) increase in prices
              c) absence of black market
              d) presence of black market
    
     75. Stagflation implies a case of
              a) galloping inflation
              b) recession plus inflation
              c) adverse balance of trade
              d) rising wages and employment

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