New ! Economics MCQ Practise Tests



Economics of Development and Planning 1 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Economics

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

     Multiple Choice Question 

    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 is not the feature of economic growth?

    (a)

    Concerned with developed nations

    (b)

    Gradual change

    (c)

    Concerned with quantitative aspect

    (d)

    Wider concept

  3. Which among the following is a characteristic of underdevelopment?

    (a)

    Vicious circle of poverty

    (b)

    Rising mass consumption

    (c)

    Growth of Industries

    (d)

    High rate of urbanization

  4. The non-economic determinant of economic development

    (a)

    Natural resources

    (b)

    Human resource

    (c)

    Capital formation

    (d)

    Foreign trade

  5. Economic growth measures the_______

    (a)

    Growth of productivity

    (b)

    Increase in nominal income

    (c)

    Increase in output

    (d)

    None of the above

  6. The supply side vicious circle of poverty suggests that poor nations remain poor because

    (a)

    Saving remains low

    (b)

    Investment remains low

    (c)

    There is a lack of effective government

    (d)

    a and b above

  7. 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

  8. Arrange following plans in correct chronological order
    (i) People's Plan
    (ii) Bombay Plan
    (iii) Jawaharlal Nehru Plan
    (iv) Vishveshwarya Plan

    (a)

    (i) (ii) (iii) (iv)

    (b)

    (iv) (iii) (ii) (i)

    (c)

    (i) (ii) (iv) (iii)

    (d)

    (ii) (i) (iv) (iii)

  9. M.N. Roy was associated with_______

    (a)

    Congress Plan

    (b)

    People's Plan

    (c)

    Bombay Plan

    (d)

    None of the above

  10. Which of the following country adopts indicative planning?

    (a)

    France

    (b)

    Germany

    (c)

    Italy

    (d)

    Russia

  11. Short-term plan is also known as________

    (a)

    Controlling Plans

    (b)

    De-controlling Plans

    (c)

    Rolling Plans

    (d)

    De-rolling Plans

  12. Long-term plan is also known as_______

    (a)

    Progressive Plans

    (b)

    Non-progressive Plans

    (c)

    Perspective Plans

    (d)

    Non-perspective Plans

  13. The basic philosophy behind long-term planning is to bring _______changes in the economy?

    (a)

    Financial

    (b)

    Agricultural

    (c)

    Industrial

    (d)

    Structural

  14. Sarvodaya Plan was advocated by__________

    (a)

    Mahatma Gandhi

    (b)

    J.P.Narayan

    (c)

    S.N Agarwal 

    (d)

    M.N. Roy

  15. Planning Commission was set up in the year ________

    (a)

    1950

    (b)

    1951

    (c)

    1947

    (d)

    1948

  16. Who wrote the book 'The Road to Serfdom'?

    (a)

    Friedrich Hayek

    (b)

    H.R. Hicks

    (c)

    David Ricardo

    (d)

    Thomas Robert Malthus

  17. Perspective plan is also known as______

    (a)

    Short-term plan

    (b)

    Medium-term plan

    (c)

    Long-term plan

    (d)

    None of the above

  18. NITI Aayog is formed through_______

    (a)

    Presidential Ordiance

    (b)

    Allocation of business rules by President of India

    (c)

    Cabinet resolution

    (d)

    None of the above

  19. 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

  20. The Chair Person of NITI Aayog is

    (a)

    Prime Minister

    (b)

    President

    (c)

    Vice - President

    (d)

    Finance Ministed

*****************************************

Reviews & Comments about 12th Standard Economics English Medium - Economics of Development and Planning 1 Mark Book Back Question Paper With Answer Key 2022 - 2023

Write your Comment