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Economic MCQ Questions with answers

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Learn Economic MCQs [Page 4 of Department 4]

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Geetam • 5.85K Points
Tutor III

31)  In which of the Five Year Plan, the weaker sections of the society got priority ?

(A) Fifth
(B) Fourth
(C) Third
(D) None of these
Correct Answer - Option (A)

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Geetam • 5.85K Points
Tutor III

32) The growth rate of agricultural production was negative in the:

(A) First Plan
(B) Second Plan
(C) Third Plan
(D) All of the above
Correct Answer - Option (C)

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Geetam • 5.85K Points
Tutor III

33) ‘Globalisation of Indian Economy’ means:

(A) Stepping up external borrowings
(B) Establishing Indian Shopping Malls in abroad
(C) Giving up programmes of import substitution
(D) Having minimum possible restrictions on economic relations with other countries
Correct Answer - Option (D)

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Geetam • 5.85K Points
Tutor III

35) ‘Take off stage’ in an economy means:

(A) Economy is stagnant
(B) Steady growth begins
(C) Economy is about to collapse
(D) All controls are removed
Correct Answer - Option (B)

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Geetam • 5.85K Points
Tutor III

36) Which of the following indicates economic growth through Five Year Plans ?

(A) Rise in national income and per capita income
(B) Development of railways and roadways
(C) Development of education and health services
(D) Development of industrial towns and industrial estate
Correct Answer - Option (A)

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Geetam • 5.85K Points
Tutor III

37) Which one of the following Five-Year Plans recognised human development as the core of the developmental efforts ?

(A) The Fourth Five-Year Plan
(B) The Fifth Five-Year Plan
(C) The Sixth Five-Year Plan
(D) The Eighth Five-Year Plan
Correct Answer - Option (D)

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Geetam • 5.85K Points
Tutor III

38) Which of the following statements about the Indian Economy is correct ?

(A) In India, single biggest employment is agriculture and allied activities
(B) No physical targets were visualized
(C) About 48% Indian workforce is employed in foreign countries or in organizations assisted by foreign capital
(D) About 70% Indians are involved in some type of self- employment and are the owners of some or the other micro or small enterprise
Correct Answer - Option (A)

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Geetam • 5.85K Points
Tutor III

39) In the context of India’s Five Year Plans, a shift in the pattern of industrialization, with lower emphasis on heavy industries and more on infrastructure begins in

(A) Tenth Plan
(B) Eighth Plan
(C) Sixth Plan
(D) Fourth Plan
Correct Answer - Option (B)

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Geetam • 5.85K Points
Tutor III

40) A “closed economy” is a kind of economy in which

(A) Only exports take place
(B) The money supply is fully controlled
(C) Deficit financing takes place
(D) Neither exports nor imports take place
Correct Answer - Option (D)

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