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Economic History of India

Description: Economic History of India
Number of Questions: 15
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Tags: Economic History of India Economics Indian Economics
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In which year did India adopt 'rolling plan' for the first time?

  1. 1975

  2. 1976

  3. 1977

  4. 1978


Correct Option: D

Who among the following formulated the ‘Gandhi Plan’ in 1944?

  1. J. L. Nehru

  2. M. N. Rao

  3. M. Visheshvaraya

  4. Sriman Narayan


Correct Option: D

India adopted the 'indicative model of planning' from

  1. 7th Five Year Plan onwards

  2. 8th Five Year Plan onwards

  3. 9th Five Year Plan onwards

  4. 5th Five Year Plan onwards


Correct Option: B

Who among the following introduced the concept of ‘rolling plan’?

  1. J. M. Keynes

  2. Gunnar Myrdal

  3. Harrod Domar

  4. Amartya Sen


Correct Option: B

The model of 'imperative planning' is followed in

  1. capitalistic economies

  2. mixed economies

  3. communist economies

  4. socialistic economies


Correct Option: D

Which among the following events was the last to happen in the economic history of India?

  1. Publication of Sarvodaya Plan

  2. Formulation of Bombay Plan

  3. Formulation of People Plan

  4. Formation of Advisory Planning Board


Correct Option: A

Which of the following periods witnessed 'plan holiday'?

  1. 1990-92

  2. 1989-91

  3. 1991-93

  4. 1992-94


Correct Option: A

When was the Indian rupee devalued for the first time?

  1. In 1947

  2. In 1948

  3. In 1949

  4. In 1966


Correct Option: C

Which of the following statements is/are correct?

  1. National Development Council (NDC) was established in the year 1952.
  2. NDC is the topmost authority for plan formulation in India.
  1. Only 1

  2. Only 2

  3. Both of these

  4. Neither of these


Correct Option: A
Explanation:

The Parliament is the topmost authority for plan formulation in India.

Which of the following Five Year Plans was based on John Miller model of development?

  1. Fifth Five Year plan

  2. Sixth Five Year Plan

  3. Seventh Five Year Plan

  4. Eight Five Year Plan


Correct Option: D

Which of the following factors hampered economic growth during the 2nd Five Year Plan?

  1. Rising inflation

  2. Suez crisis

  3. Denudation of forex reserves

  4. All of these


Correct Option: D

The Planning Commission was constituted in

  1. January 1950

  2. March 1950

  3. August 1950

  4. September 1950


Correct Option: B
Explanation:

The Planning Commission was established on 15th March, 1950.

Which of the following factors did not lead to the failure of the 3rd Five Year Plan?

  1. Chinese aggression

  2. War with Pakistan

  3. Poor monsoons

  4. Famine


Correct Option: D

Growth with social equity and justice was the main aim of the

  1. 7th Five Year Plan

  2. 8th Five Year Plan

  3. 9th Five Year Plan

  4. 10th Five Year Plan


Correct Option: C
Explanation:

The focus of the 9th Five Year Plan can be described as "growth with social justice and equity".

Which of the following Five Year Plans was based on Mahalanobis' model of development?

  1. First Five Year Plan

  2. Second Five Year Plan

  3. Third Five Year Plan

  4. Fifth Five Year Plan


Correct Option: B
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