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12th Standard Economics Economics of Development and Planning English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

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Economics

Time : 00:20:00 Hrs
Total Marks : 20

    Answer all the questions

    20 x 1 = 20
  1. "Redistribution with Growth" became popular slogan under which approach?

    (a)

    Traditional approach

    (b)

    New welfare oriented approach

    (c)

    Industrial approach

    (d)

    None of the above

  2. Which of the following plan has focused on the agriculture and rural economy

    (a)

    People's Plan

    (b)

    Bombay Plan

    (c)

    Gandhian Plan

    (d)

    Vishveshwarya Plan

  3. M.N. Roy was associated with_______

    (a)

    Congress Plan

    (b)

    People's Plan

    (c)

    Bombay Plan

    (d)

    None of the above

  4. Perspective plan is also known as______

    (a)

    Short-term plan

    (b)

    Medium-term plan

    (c)

    Long-term plan

    (d)

    None of the above

  5. Expansion of NITI Aayog

    (a)

    National Institute to Transform India

    (b)

    National Institute for Transforming India

    (c)

    National Institution to Transform India

    (d)

    National Institution for Transforming India

  6. __________measures the increase in output

    (a)

    Economic development

    (b)

    Economic Growth

    (c)

    Both a and b

    (d)

    None of these

  7. These are ___________main approaches to economic development.

    (a)

    Traditional approach

    (b)

    The New Welfare oriented approach

    (c)

    Both a and b

    (d)

    None of these

  8. Economic development depends on

    (a)

    Social

    (b)

    Political

    (c)

    Religious

    (d)

    All the above

  9. Planning in India is

    (a)

    Centralized planning

    (b)

    Democratic planning

    (c)

    Partial Planning

    (d)

    Indicative planning

  10. In a democracy, planning is done by

    (a)

    inducement

    (b)

    index

    (c)

    discussion

    (d)

    choice

  11. The term Modernisation means

    (a)

    industrialisation

    (b)

    electrification

    (c)

    structural changes

    (d)

    urbanisation

  12. In __________countries, planning is almost a religion

    (a)

    Socialis

    (b)

    Capitalist

    (c)

    Mixed economic

    (d)

    Traditional economic

  13. In capitalism, the allocation of resources and distribution of rewards are done through the ____ system.

    (a)

    supply

    (b)

    demand

    (c)

    price

    (d)

    curve

  14. Poverty alleviation programmes started by thegovernment from _______ Five Year Plan.

    (a)

    Fourth

    (b)

    Fifth

    (c)

    Sixth

    (d)

    Seven

  15. The concept "development" refers to the _____________ changes towards betterment.

    (a)

    systematic

    (b)

    seasonal

    (c)

    structural

    (d)

    functional

  16. How many approaches are there to the concept of development?

    (a)

    one

    (b)

    two

    (c)

    three

    (d)

    seven

  17. Consider the following statement and find a suitable answer.
    “The increase in GNP is accompanied by decline in share of agriculture in output and employment while those of manufacturing and service sectors increase”

    (a)

    Modern Approach

    (b)

    new welfare approach

    (c)

    neo-classical approach

    (d)

    Traditional Approach

  18. The UDCs are characterized by predominance of ____________?

    (a)

    secondary sector

    (b)

    tertiary sector

    (c)

    primary sector

    (d)

    primitive sector

  19. GNI Per Capita of $906 and below refers to ___________?

    (a)

    High Income Countries

    (b)

    Middle Income Countries

    (c)

    Poor Countries

    (d)

    Low Income Countries

  20. Identify the odd one in the context of determinants of economya.

    (a)

    Human Resource

    (b)

    Structural Change

    (c)

    Technical Know-how

    (d)

    Political Freedom

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