Q. Economic planning is an essential feature of:
✅ Correct Answer: (D)
Socialist economy
General Economics MCQs and Notes
Q. Which of the following statements is correct?
✅ Correct Answer: (B)
The Prime Minister is the Chairman of the Planning Commission.
Q. The term 'Hindu rate of growth' refers to the 3.70% per annum growth rate achieved by the Indian economy over the first six Five Year Plans'. The term was coined by:
✅ Correct Answer: (C)
Raj Krishna
Q. Eighth Five Year Plan covered the period:
✅ Correct Answer: (D)
1992‐97
Q. The steel plants at Durgapur, Bhilai and Rourkela were established during the period of:
✅ Correct Answer: (B)
Second Five Year Plan
Q. What is the correct sequence of the following strategies used for Five Year Plans in India? 1. Balanced growth 2. Rehabilitation of the economy 3. Industrial development
✅ Correct Answer: (C)
2,3,1
Q. The Planning Commission implemented three Annual Plans instead of Five Year Plans between:
✅ Correct Answer: (A)
The Third and Fourth Plan
Q. Who among the following authored the book 'Planned Economy for India' in 19
✅ Correct Answer: (C)
M. Viswesvaraya
Q. The strategy of rolling plan was adopted during the Prime Ministership of ;
✅ Correct Answer: (C)
Morarji Desai
Q. The Eighth Five Year Plan gave priority to:
✅ Correct Answer: (D)
Employment generation